Royalty

Royalty is a percentage of a token’s price sent to a creator and royalty members after each sale transaction involving the token.

Royalty implemented on BSC Network only at the moment

To be able to set or edit your Royalty please select the arrow next to your profile > Profile > My assets > Created > Royalty.

This is an external smart contract that we will encourage other projects to use and respect the established royalties for a given token.

IMPORTANT

CREATOR IS NOT AUTOMATICALLY LISTED AS A PERSON WHO RECEIVES ROYALTY!

CREATOR MUST ADD HIMSELF!

ONLY CREATOR CAN SET UP AND EDIT THE ROYALTY PERCENTAGE!

When creating an auction, information from the royalty smart contract is taken on who and what royalty percentage should be distributed after the sale. This information can't be changed during the auction.

Total royalty

Royalty is a percentage of a token’s price sent to a creator and royalty members after each sale transaction involving the token. The total royalty for all wallets cannot exceed 10%.

Distribute evenly

This function means to spread royalty equally across a particular group.

Distributed

Distributed royalty is an amount of the total royalty percentage assigned to royalty members.

All auctions on our market will respect the royalty system

The contract is designed in such a way that it accepts both tokens from our protocol and any other in the ERC1155 standard!

Members

Add at least one royalty member’s wallet address. It can be your own one or any other user’s

In this case, the user has added three wallets to his list and want to distribute 6% evenly.

The royalty WILL be distributed evenly, meaning that each of the wallets will receive 2%.

In this case, the user has added also three wallets to his list and doesn't want to distribute % evenly.

The royalty WILL NOT be distributed evenly, meaning that each of the wallets will receive different % set up by the user.

You are able to add as many members as necessary. Additionally, you have the option to delete any members if they were mistakenly added. You can add and remove members at any time.

The minimum percentage that can be set up per wallet is 0.01%.

After ensuring that all settings have been properly adjusted, please remember to Save changes

Next continue in the wallet

Royalty has been added to this NFT, with the creator designating only one member to receive a royalty of 0.1%

You can edit royalty at any time.