ARTIST WITHDRAWAL TERMS
These terms explain the requirements and procedures for artists requesting MAGNIFICO rewards generated from their listed tracks on the MAGNIFICO ecosystem.
Please make sure your listing has met the required conditions below before submitting a withdrawal request.
Your track must have been listed on the platform for at least 1 week before you can request a withdrawal.
Send your MAGNIFICO wallet address and the amount of funds generated from your plays that you wish to receive.
Random evaluations may be performed to verify proof of ownership of listed songs and confirm that the listed music belongs to the artist who submitted it.
Please follow the verification requirements whenever verification is requested.
Artist payments are scheduled to be processed on Sundays.
A pool of MAGNIFICO is reserved for artist payments.
If the available payment pool requires a refill, processing may be delayed. Where applicable, a payment timer or estimated processing period may be established and agreed upon between the agent and artist.
Sending a Solana SPL token on-chain normally requires SOL to cover network transaction fees.
If you do not have SOL available, you may agree to receive SOL through an alternative payment arrangement, including:
Once an arrangement has been agreed, SOL may be provided to you in the agreed amount for your on-chain transaction requirements.
For an initial MAGNIFICO SPL-token transaction, approximately $0.20 worth of SOL or less may be sufficient depending on network conditions and the wallet transaction requirements.
After the initial setup, subsequent transactions can generally be performed with a much smaller SOL balance. Approximately $0.10 worth of SOL or less may support many transactions, depending on network conditions and wallet requirements.
A withdrawal may be restricted and a listing may be removed if serious violations, fraudulent activity, false information, or dishonesty are observed.
Please ensure that the required listing fee has been fully paid before requesting a withdrawal.
By using or visiting our platform, you acknowledge that you have read, understood, and agreed to the withdrawal terms and conditions published on this page.
For questions regarding withdrawals, payment status, verification, or withdrawal processing, contact:
gonzagaperry@ymail.com