Terms of Service

Last updated: November 2026

1. Introduction

Welcome to BandCoins. By accessing our platform, you agree to these terms. A fan purchase adds a 5% fee on top and splits the coin amount in half: half to the band, half to the coin fund. BandCoins are fan coins, not a share of the band. They do not pay a personal cash split.

2. Artist Rights

Artists retain 100% ownership of their master recordings, publishing rights, and creative control. BandCoins does not claim ownership over any intellectual property uploaded to the platform.

3. Fan Backing & Provenance

When a fan backs an artist, that purchase supports the artist and the coin fund. Provenance timestamps and sequential backer numbers (#1–#100) are recorded permanently on the transparent ledger. Ten percent of royalty income can enter the coin fund. A sell-back is paid from that fund along the same curve, so the price falls, and the daily cap can fill only part of the request. Bought-back coins return to the available fan pool.

4. Platform fee

There are zero upfront fees to launch an artist profile or coin on BandCoins. No fan coins exist at launch. A coin is created when a purchase completes, and the issued count cannot pass 200,000. A 5% BandCoins fee is added on top of the coin amount at checkout. On a $100 coin amount the fan pays $105. BandCoins keeps the $5. The $100 splits in half: $50 to the band, available after 30 days, and $50 to the coin fund. The coins issued are what that coin-fund half buys along the curve, quoted as an average price and a coin count before you confirm. Card processing rates apply on top of that. A purchase refund pays back the coin amount minus the card processing fee. BandCoins keeps the $5. The band share and the coin fund give their portions back, and the coins from that purchase are burned, so the issued count goes down.

5. Changes to the coin system

BandCoins may change the coin system rules at its discretion, without a separate approval from fans or bands. Those rules include the pricing curve, the start price, the slope, fees, caps, pot contributions, and sell-back limits. A change applies going forward. BandCoins posts the change with reasonable advance notice. A change does not retroactively change the curve that coins already issued were bought under.