There are many reasons why you would want to make your own cover version of an existing song. You can get known through the popularity of the original song, get noticed by music supervisors looking for covers (sync licensing), or simply for the joy and appreciation of the song.
However, if you want to distribute your cover version, you will have to follow some rules, depending on if it's a cover song, remix, or edit.
In this video, we explain the difference between covers, remixes, and edits and exactly what you need to distribute each on streaming and download platforms worldwide.