Creator

Designate Delegator

• Creators are appointed by the Operator by assigning one account per collection.

• Creators may be appointed to only those who directly produce the contents of the collection or who have equivalent production management capabilities, and the Operator will decide on this.

• Creators cannot be changed after a Collection is launched.

Roles and Responsibilities

• The Creator actually creates the content for the collection and the items it contains.

• The Creator assigns all rights to the Operator, including the intellectual property rights (IP) of the content it creates, including the right to sell it and the right to use the secondary work. However, the rights transferred by the Operator may only be used for the purpose of promoting the common interests of Project DAO.

• The Creator fulfills the Operator's other requirements related to the overall creation of the Collection.

• Creators cannot sell tokens acquired through Offering Items Ownership within 360 days from the time they own the Tokens during the compensation system.

Compensation

Offering Revenue

• Explanation: Revenue Distribution on Launchpad Offering Sales

• Distribution ratio: 20-40% of offering sales

  • The actual allocation rate is determined by the Operator depending on the contractual relationship or situation.

• 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

  • Providing contract: Verify Delegated R&R or DAO Fund Account Address

  • Offering Distribution Contract: Check Distribution Ratio, Run Automatic Distribution

Offering Items Ownership

• Explanation: Allocate ownership of items in the Launchpad offering

• Distribution ratio: 2-4% of offering round supply

  • The actual allocation rate is determined by the Operator depending on the contractual relationship or situation.

• 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

Internal Market Royalty

• 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: 2% 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

External Market Royalty

• 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 the royalty.

• Distribution ratio: 2% 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