This guide will help you understand the info on an ISO page from top-to-bottom. Let's get started:
There's a lot of information to digest on this page. Let's break down the terms above:
"It's All On Me (Feat. BJ The Chicago Kid and Justus)" as recorded by Dr. Dre - this is the public title of the Intellectual Property with a fraction of its rights for sale via ISO. Note: The individual selling the rights to this IP is NOT always the performing artist. In many instances, songwriters, producers and other members of the creative process will be selling a portion of their rights.
Total ISO Raise $3500 - This figure represents the value that the rights-holder has put on this portion of the IP rights being offered. In the example above, the total amount of the Publishing Rights being offered is 10% so $350 would be worth 1% of the song's total Publishing rights. This means we capped the projected value of owning 10% of the Publishing rights for this song over the next three years at $3500.
Rights Type - Publishing - This refers to whether the rights being sold are Master or Publishing rights. In this example the Publishing rights are being offered. To better understand the difference in these two, see our guides here and here.
VZT Spot Price - This is based on the current market price of the VZT token and will be your locked price for participation in the ISO for the 24 hours following your submission of the interest form.
Original Rights Holder - This is the individual or party who is offering a portion of their ownership rights for sale via this ISO. In this case, it's legendary hip-hop producer Bink!
Reversion Term - This periods refers to the time frame after which the rights purchased can revert back to the original owner. IP rights purchased through Vezt can only revert after both of these specific pre-requisites are satisfied:
1. The reversion period has expired
2. The contributor has earned back their total contribution.
Note: Both of the above terms must be satisfied, meaning if one contributes $100 and earns $100 back in the first year they will continue to collect royalties on the song until the end of the reversion period. Conversely, if one for some reason had not earned back their $100, they would continue to hold the rights past the 3 year reversion period and collect on royalties until they reached $100 earned. In the music industry reversion periods are common as the rights often revert back to the original artist. To encourage fairness on the platform, our rules are set to allow this while protecting ISO contributors.
Historical Value: $5,932.20 (found inside the ISO email after you've pressed submit on the page above) - This number represents the earnings of the total rights being offered in the ISO over the length of the reversion period. The total amount of the Publishing rights being offered is 10% and our estimate in this case is based on the track’s most recent royalty statement (because the song has not been out for 3 years).
So, based on the song’s most recent royalty statement, 10% of the Master Rights earned ~$5,932.20. Most Performance Rights organizations (responsible for collecting on physical sales and synchronizations/placements in film) pay out every 8-12 months while most digital streaming services distribute earnings every 60 days.