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Glossary: Key Terms (Backstage Passes & Spotlight Funds)

Use this page to understand terms used across the Backstage Pass and Spotlight Funds articles.

Updated over 2 weeks ago

Backstage Pass

An ERC-1155 NFT that powers voting and rewards on Blaze.

Each Backstage Pass gives exactly 1 vote when activated.

Pass Inventory

Your total Backstage Pass balance (both inactive and activated passes).

Activation

Blaze’s Web2-friendly word for staking. Only activated passes can vote and earn revenue share.

Activated Passes

Passes that are currently staked/activated. These:

  • Count toward voting power

  • Earn voter revenue share

    Activated passes cannot be transferred (you must deactivate first).

Inactive Passes

Passes you own but have not activated (not staked). These:

  • Do not count for voting

  • Do not earn revenue share

  • Can be transferred

  • Can be redeemed back to BLAZE

  • Can be sold on the secondary market (coming soon)

Deactivation

Blaze’s word for unstaking.

Important rule: if you deactivate any amount of passes, your votes are reset.

Transfer

Sending a pass to another wallet/user.

Note: Passes must be inactive to transfer. Activated passes are locked and non-transferable.

Mint

Creating a new Backstage Pass by paying the mint price in BLAZE.

Mint Price

The current cost to mint 1 Backstage Pass (in BLAZE).

Starts at 1,000 BLAZE and increases 1% per epoch (weekly, can be adjusted in the future)

Redeem

Converting a Backstage Pass back into BLAZE.

Redeem Value

The amount of BLAZE you get when redeeming.

Redeem value is 50% of the current mint price (a 50% penalty).

Secondary Market

Buying/selling passes from other users (peer-to-peer).

This will be available once Blaze enables secondary trading (not necessarily in the first weeks).

Spotlight Funds & Voting

Spotlight Funds are Blaze’s weekly incentive pool that rewards streamers based on community votes.

Purpose

Spotlight Funds exist to:

  • Fund creators chosen by the community, not by platform favoritism

  • Boost streamer earnings and visibility to help them grow faster

  • Align fans and creators by making support measurable and rewarded

How it works (high level)

  • Only Verified streamers can receive votes and earn Spotlight Funds

  • Funds are distributed weekly per epoch, based on vote share

  • Each streamer can receive up to 10% of that week’s Spotlight Funds (anti-gaming cap)

  • Spotlight Funds are primarily funded by a long-term allocation (30% of total BLAZE over 4 years) plus additional sources over time (e.g., AMM swap fees)

The flywheel

  1. Fans mint/hold passes →

  2. Activate and vote for creators →

  3. Creators earn more Spotlight Funds + momentum →

  4. Creators grow revenue (subs/donations/ads) →

  5. Voters earn their share →

  6. More fans want passes to participate → repeat 🔥

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