WEBVTT

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So you say, I want to support you for three pounds

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a month, and when the next episode drops, I will

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give you the value of that episode only. So the

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episode might be worth 50p or a thousand sats.

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Welcome to Fanzone, your bite -sized guide to

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getting the most out of the TrueFans podcast

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app. In each episode, we'll discuss an aspect

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of the app and hopefully answer any questions

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you may have about it. Plus, when you listen

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to Fanzone in TrueFans, you can earn as you

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listen and use your earnings to support your

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favourite podcasters. I'm Clare Waite Brown,

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independent podcaster and all -round podcast

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enthusiast. And I'm Sam Sethi, the CEO and founder

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of TrueFans. We've covered a lot so far in this

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first series of Fanzone. And in fact, Sam, this

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is the final episode of the first series. I don't

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know whether to cry or go phew. I don't know

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which way to go. But there's more to come. We've

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got more series. Indeed. Now, we have already

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talked about the icons. on the show screen. So

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back in episode six, which is called the show

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screen, we covered, you know, all the kind of

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things you see on the show screen. And we also

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said that we would talk in more detail about

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the hand and heart icon in a future episode.

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And now that time has arrived, that future episode

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is here. Can you tell me a bit more about that

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icon and what it does, please, Sam? So that icon

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is the funding icon. And there are two ways of

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funding or supporting a podcast. In your host,

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if they support the funding tag, which is one

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of the podcasting 2 .0 new tags, you can put

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in a URL to a third party funding platform. So

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for example, Claire, you buy me a coffee, but

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some people use Patreon. Some people use PayPal,

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for example. So when we as an app read your RSS

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feed, if you've put a URL in your RSS feed for

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the funding tag, it will then display as a link

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within the podcast page. So when somebody clicks

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on that heart icon over the hand, it will take

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them to the page that you've chosen for them

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to give you more support. But we've noticed that

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90 % plus of podcasts do not. have any support

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for the funding tag now either their host doesn't

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support it or they have no url in that actual

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tag field so we decided that we as true fans

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would create a funding capability for true fans

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so when you click on the heart icon and they

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don't have an external funding link then it will

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pop up with a box that says i'd like to give

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this podcast three pounds three dollars three

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euros you choose your currency it's yours to

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choose the amount now that is your monthly budget

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what happens is that amount is allocated from

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your true fans wallet so you're not actually

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paying again it's just allocating it from your

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true fans wallet now the difference between us

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and other third -party funding supporting platforms

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If you pay Patreon or you pay Buy Me A Coffee

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three pounds a month, if the creator does no

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more work, you still end up paying them that

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three pounds. So what we do is we use what's

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called value for value. So you say, I want to

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support you for three pounds a month. And when

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the next episode drops, I will give you the value

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of that episode only. So the episode might be

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worth 50p or a thousand sats. And that's the

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amount that gets taken from your £3 budget. And

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as those episodes drop, it comes out of your

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budget. Once that budget is empty, we do not

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take money from your main wallet. So you're not

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actually going to get your main wallet emptied.

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You've limited the amount for that podcast to

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the £3, £5, £10 that you wanted to give in that

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month. And that's all that happens. At the end

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of the month, it then renews. So we will then

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take another three pounds from your wallet and

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allocate that back to that podcaster. So as they

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produce more podcast episodes, they get paid.

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So we think that's the fair way of doing it.

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You get a new episode and then you pay them in

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advance for that episode before you listen. Brilliant.

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What I don't understand is the actual streaming

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thing of it. What is that rate set at? So you

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set that rate. In the information icon, you have

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to set a value for play. So the way that it works

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is that even though you set a budget for three

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pounds a month, you still also have to set the

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value you're willing to pay for an episode. When

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you go in, you say, I'm willing to pay 10 sats

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or 10p for each new episode times the amount

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of time. which will give you the total value

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for that episode. And that is the value that

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we will then subtract from your £3 budget so

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that you can basically pay that creator for the

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new episode. If you don't put a value in there

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for play, then we don't remove any money from

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that budget because you've not said how much

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you want to value that episode up. Okay, cool.

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So we do explain that. I hadn't realized that

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was connected to the streaming, which we do explain

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in the streaming icon episode of Fan Zone. And

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we do talk again then about how to set up your

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defaults. And the icon on the episode as well

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changes from a currency icon, so pounds, euros

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or sats, to a supporting icon, which shows you

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that you've supported that podcast. And it will

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also show you on the episode how much you paid.

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to support that episode. And that means you can

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just listen to that episode multiple times without

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actually having to pay for it the second or third

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time. Okay, brilliant. Thank you so much. Thank

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you, Claire. Thanks so much for listening. There

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are lots more episodes of Fanzone for you to

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get stuck into and that show you how to make

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the most of the fab features that this forward

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-looking podcast app has to offer podcast listeners

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and creators alike. We'd love to hear from you.

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You can send us a comment on TrueFans, more

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about that in the Fanzone episode on comments,

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or email support@truefans .fm.