MIC (In-platform Point)

MIC is an activity-based point system that is automatically accumulated through user activities within the Music on the Block platform. It serves as a key incentive to encourage participation and can be converted into MOB / POL / USDT / USDC tokens to gain real, tangible value.

1. Definition & Key Features

Item	Details
Definition	Points earned through platform activities (creation, listening, referrals)
Type	A Web3-based reward system accessible even in Web2 environments
Form	Convertible to MOB / POL / USDT / USDC via GET race
Accumulation Channels	Earning Path: MIC can be earned on both the website and the mobile app. Creation Rewards, Listening Rewards, Referral Rewards
Wallet Requirement	A wallet is not required to earn MIC (Web2 users can also participate)

2. MIC Earning Methods

(1) Generate to Earn (Creation Rewards)

• You earn MIC each time your song is listened to by another user.

• The daily reward limit varies depending on whether the song is minted as an NFT and its cumulative play count. (See “3. MIC Daily Reward Structure” for details)

(2) Listen to Earn (Listening Rewards)

• You earn 1 MIC for each song you listen to.

• You can earn up to 30 MIC per day.

• Repeated plays of the same song are rewarded only once per day.

(3) Referral Rewards

• Upon first sign-up: Receive 40 MIC and 5 free song creation credits.

• When entering a referral code: Both the referrer and referee receive 40 MIC.

• Additional referrer reward: 20% of the MIC earned by the referee through activities is automatically credited to the referrer.

3. MIC Daily Reward Structure

Daily reward limits are determined by the rank of the song, based on its total number of plays. Higher ranks allow for more MIC to be earned. Note: Song rank names below are examples and may change.

Rank	Total Plays	NFT Not Minted	NFT Minted
Entry	0– 500	Max 10 MIC/day (plays × 0.1)	Max 50 MIC/day (plays × 0.5)
Popular	501–1,000	Max 20 MIC/day (plays × 0.2)	Max 100 MIC/day (plays × 1)
Hit	1,001–5,000	Max 30 MIC/day (plays × 0.3)	Max 150 MIC/day (plays × 1.5)
Mega	5,001–10,000	Max 40 MIC/day (plays × 0.4)	Max 200 MIC/day (plays × 2)
Masterpiece	10,001+	Max 50 MIC/day (plays × 0.5)	Max 250 MIC/day (plays × 2.5)

4. Uses of MIC

• Song Creation: Used to directly create AI-based songs, with 20 MIC deducted per creation.

• Advanced AI Features: To be used for certain advanced functions such as vocal synthesis and song arrangement.

• NFT Minting Fee: Paid as a fee when minting a song as an NFT.

• Token Conversion (GET): Accumulated MIC can be converted into MOB / POL / USDT / USDC tokens for NFT trading and ecosystem activities.

5. Important Notes

• Rewards for the same song are given only once per day.

• GET conversion conditions (rate, fees, etc.) are subject to change according to platform policy.