Glossary: Key Terms (Backstage Passes & Spotlight Funds)

Backstage Pass

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

Each Backstage Pass gives exactly 1 vote when activated.

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

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

Passes that are currently staked/activated. These:

Count toward voting power
Earn voter revenue share
Activated passes cannot be transferred (you must deactivate first).

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

Blaze’s word for unstaking.

Important rule: Passes cannot be deactivated if they were used to vote in the current epoch.

Sending a pass to another wallet/user.

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

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

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)

Converting a Backstage Pass back into BLAZE.

The amount of BLAZE you get when redeeming.

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

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

Spotlight Funds exist to:

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)