<aside> 💡 The payout mechanism is completely transparent [verifiable in our smart contract]. What you see is what you get. No hidden backdoors. No hidden payouts. No hidden anything. 100% transparent and fair. Once live, we will provide a detailed walk-through of each single line of code.
</aside>
How does the payout work?
A new co-creator mints an NFT for the standard price of 0.4 ETH.
For each NFT that is minted, the previous creator receives 30% of the earnings, the creator before that 15%, the creator before that 10%, and so on and so forth. So 80% of the minting price are directly passed to the previous creators.
10% of the minting price are equally shared with all creators so far. This money is paid as a dividend for holding your artwork.
5% of the minting price is donated to charitable causes. We will vote every month on the non-profits that shall receive this money.
Only 5%, so the remainder goes to the creators of rocket.
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