Associator

Designate Delegator

An Associator is appointed by an Operator by assigning one account on a per-project basis.
An Associator may be appointed to only those that are intellectual property (IP) holders of the Project or with equivalent administrative authority, and the Operator shall make the judgement.
Due to the nature of the intellectual property (IP) interests, the Associator will not change after its initial designation unless there is a specific reason. However, if all of the following cases are met, the Operator can change the Associator.
- If the Operator determines that it is necessary to change the Associator
- If there is a problem with the Associator's R&R implementation
- If the Operator determines that the change of Associator is not a problem for maintaining the operation and value of the project
- If the governance proposal for the change of Associator is voted in favor of at least 30% of the total governance of the project

The Associator secures the right to sell intellectual property (IP) and the right to use secondary works for the operation of the project, and manages related contracts and stakeholders.
Associators arrange for Creators to create collections to be included in the project, and manage the contracts and stakeholders involved.
The Associator fulfils the Operator's intellectual property rights (IP) and other requirements of the Creator.
Associators may not sell tokens acquired through Offering Items Ownership within 360 days from the time they own the Tokens during the compensation system.

Explanation: Revenue Distribution on Launchpad Offering Sales
Distribution ratio: 10% of offering sales
Time of Distribution: arbitrary
- If the revenue stored in the minting contract is sent to the offering distribution contract upon request by the Operator, it will be automatically distributed based on the pre-determined distribution rate.
Smart contracts
- Minting contract: Store Launchpad sales
- Minting contract: Store Launchpad sales
- Offering Distribution Contract: Check Distribution Ratio, Run Automatic Distribution

Explanation: Allocate ownership of items in the Launchpad offering
Distribution ratio: 1% of the offering round supply
Time of Distribution: arbitrary
- At the time of the offering round, the account directly requests the minting contract for claim-minting on the share ratio, and the minting is executed on the NFT (ERC-721) contract.
Smart contracts
- Minting contract: Confirm Claim-Minting Request, Send Minting Request
- OFFERING CONTRACT: Check offering round supply
- Providing contract: Verify Delegated R&R or DAO Fund Account Address
- NFT (ERC-721) Contract: Run item minting

Explanation: The distribution of revenue to sales when a collection item included in the providing Project is traded on the Market Service provided by Otherworld for the nth time
Distribution ratio: 1% of item sales
Time of Distribution: promptly
- Royalties are automatically distributed in the market contract at the time the item is traded.
Smart contracts
- Market contract: Check sales, run automatic royalty allocation
- Providing contract: Confirm delegated R&R or DAO fund account address, check allocation ratio

Explanation: Distribution of revenue to sales when collection items included in a providing project are traded in the nth order on an external market service covered by the Operator
- Cover means when a royalty keeper account defined in an external royalty distribution contract can be assigned to an external market to store royalties.
Distribution ratio: 1% of item sales
Time of Distribution: arbitrary
- When the royalty stored in an Operator-managed royalty keeper account are transferred to an external royalty distribution contract, they are automatically distributed based on a pre-determined distribution rate.
Smart contracts
- External royalty distribution contract: Check the address of royalty keeper account, run automatic royalty allocation
- Providing contract: Confirm delegated R&R or DAO fund account address, check allocation ratio

Last updated 2 years ago