Royalty

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

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

In order to setup Royalty, you will need to follow a few steps.

Step 1

To access this feature of the market, it is necessary to connect your wallet and login to web3!

Step 2

Select the arrow icon. This will prompt the panel to appear on your screen.

Step 3

Select Profile

Step 4

From My assets meny select Created

Step 5

Select Royalty button for selected asset to set it up

Step 6

✔️ Royalty setup

IMPORTANT

The creator is not automatically listed as a recipient of royalties!

The creator must add themselves.

Only the creator can set and edit the royalty percentage

Royalty implemented on BSC Network only at the moment

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 wallet or any other user’s.

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

Step 7

Please continue in your wallet

Step 8

Congratulation!

Royalty has been added to this NFT.

You can edit Royalty at any time.