🟪ArtisticPass

Purchasing PASS

You can purchase a work's PASS with $MYLT.

Timing of Fund Distribution

Authors can autonomously decide on the timing of fund distribution, which can be set at 30-day intervals (e.g., 6 months, 1 year, 2 years).

Staking and Payment of Funds

When an NFT is sold, its proceeds are staked in the main contract and paid out to the author in divided amounts every 30 days.

Distribution of Profits

Authors can delegate a portion of their earnings. For example, they may take 80 percent of the profits and delegate 15 percent to a collaborator DAO and the remaining 5 percent to the ecosystem. By purchasing an ArtisticPass issued by the author, you can participate in the work's Collaborator DAO.

Finalization of Profits

After the period set by the author ends, following the purchase of a PASS, the profit ratio is fixed based on the points earned through various activities related to the work.

Voting System for Rights Protection

If an author attempts rug pulling (suddenly withdrawing funds) or if the quality of the work is low, NFT owners have the right to vote to stop the payment of funds. This system protects the investors' rights and ensures fair opportunities for authors.

Transparent Management and Security

The entire process is transparently and securely managed using blockchain technology.