Operator

Designate Delegator

Operators are appointed on a per-project basis.
The project founder's account is automatically appointed as the Genesis (original) Operator.
The term of an Operator is two years from the time of appointment, and at the end of the term, a governance vote will be held to decide whether the existing Operator will continue to serve.
If an existing Operator's consecutive term governance proposal is voted against by at least 30% of the total project governance participation, a candidacy proposal will be made to appoint a new Operator. (Any other governance results shall be deemed to recognize the consecutive appointment of the current Operator.)
If the Operator wishes to do so, he or she may proceed with a candidacy proposal for the appointment of a new Operator even before the end of the term.
If a candidacy proposal is being made to appoint a new Operator, it will proceed in the following order:
- If there is a candidate for an Operator, the Operator or Provider will proceed with a governance proposal that discloses the Candidate's commitment and determines whether the Candidate should be appointed as an Operator.
- If the governance proposal that determines whether a candidate should appoint an Operator is voted in favor of 30% or more of the project's total governance participation, the candidate will be appointed as a new Operator.
The privileges of an existing Operator remain in effect until a new Operator is appointed. However, if an Operator's authority has been removed by governance, the Provider may appoint a temporary Operator whose authority is delegated only until a new Operator is appointed or the authority of an existing Operator is restored.

Roles and Responsibilities

The Operator takes the initiative to implement and develop all activities aimed at increasing the value of the Project or promoting the common interests of the Project DAO.
Operators set up, implement, and manage the universe and milestones for project operations.
The Operator is involved in the overall planning and production of the collection to be included in the project, and develops the detailed plan for the offering.
The Operator designates and manages the official channels of the Project DAO, including Otherworld.
Operators manage and supervise the implementation of delegated R&R for project operations, such as Associators and Creators.
If the Operator determines that it is difficult to decide on its own or that the judgment of the Project DAO is necessary, the Operator can proceed with the governance proposal and develop activities based on the voting results of the governance proposal.
Operators can only develop activities that do not contradict the voting results of the governance proposal.
Operators can execute DAO funds according to the rules established by the DAO fund.
Operators must own at least 1% of the total governance power of the project.
The Operator must post the name in the manner required by the Provider within 7 days of receiving a request for a statement from the Provider.
The Operator cannot refuse to act in the manner prescribed by the Provider R&R in advance to manage and supervise the Operator's R&R.
Operators may not sell tokens acquired through Offering Items Ownership within 360 days of owning they own the Tokens during the compensation system.

Compensation

Offering Revenue

Explanation: Revenue Distribution on Launchpad Offering Sales
Distribution ratio: 10-30% of offering turnover
- 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: 4-6% of the 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: 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

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 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

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Last updated 2 years ago

Designate Delegator

Operators are appointed on a per-project basis.

The project founder's account is automatically appointed as the Genesis (original) Operator.

The term of an Operator is two years from the time of appointment, and at the end of the term, a governance vote will be held to decide whether the existing Operator will continue to serve.

If an existing Operator's consecutive term governance proposal is voted against by at least 30% of the total project governance participation, a candidacy proposal will be made to appoint a new Operator. (Any other governance results shall be deemed to recognize the consecutive appointment of the current Operator.)

If the Operator wishes to do so, he or she may proceed with a candidacy proposal for the appointment of a new Operator even before the end of the term.

If a candidacy proposal is being made to appoint a new Operator, it will proceed in the following order:

If there is a candidate for an Operator, the Operator or Provider will proceed with a governance proposal that discloses the Candidate's commitment and determines whether the Candidate should be appointed as an Operator.
If the governance proposal that determines whether a candidate should appoint an Operator is voted in favor of 30% or more of the project's total governance participation, the candidate will be appointed as a new Operator.

The privileges of an existing Operator remain in effect until a new Operator is appointed. However, if an Operator's authority has been removed by governance, the Provider may appoint a temporary Operator whose authority is delegated only until a new Operator is appointed or the authority of an existing Operator is restored.

Roles and Responsibilities

The Operator takes the initiative to implement and develop all activities aimed at increasing the value of the Project or promoting the common interests of the Project DAO.

Operators set up, implement, and manage the universe and milestones for project operations.

The Operator is involved in the overall planning and production of the collection to be included in the project, and develops the detailed plan for the offering.

The Operator designates and manages the official channels of the Project DAO, including Otherworld.

Operators manage and supervise the implementation of delegated R&R for project operations, such as Associators and Creators.

If the Operator determines that it is difficult to decide on its own or that the judgment of the Project DAO is necessary, the Operator can proceed with the governance proposal and develop activities based on the voting results of the governance proposal.

Operators can only develop activities that do not contradict the voting results of the governance proposal.

Operators can execute DAO funds according to the rules established by the DAO fund.

Operators must own at least 1% of the total governance power of the project.

The Operator must post the name in the manner required by the Provider within 7 days of receiving a request for a statement from the Provider.

The Operator cannot refuse to act in the manner prescribed by the Provider R&R in advance to manage and supervise the Operator's R&R.

Operators may not sell tokens acquired through Offering Items Ownership within 360 days of owning they own the Tokens during the compensation system.

Compensation

Offering Revenue

Explanation: Revenue Distribution on Launchpad Offering Sales

Distribution ratio: 10-30% of offering turnover

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: 4-6% of the 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: 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

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 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