🗓️Passive income

Only owners of active NFTs receive passive income.

Profit is distributed evenly among holders. In the absence of NFT copies, all income specified in the token attributes is credited to the sole owner.

Example of passive income distribution

In the collection, there are 10 active copies of black Rare T-shirts with a 15% passive marginality.

You own two copies of the NFT throughout the entire cycle, and also have at least 100 $MIC in your wallet all this time.

At the end of the production cycle, you are entitled to a minimum of 3% of the net profit from the sale of this product only for owning the NFT, excluding other income, according to the formula.

Income dependence on NFT ownership days

A user who owned an active NFT during the production cycle may claim income.

The NFT ownership days are indicated in your Personal Table on the project website. You can view the number of days and the income received by any NFT owner by entering their HEX.

Example of how passive income is distributed

Let's say the production cycle is 30 days long.

Scenario 1: Full Ownership User buys NFT on day 1 and holds it until day 30. Income: $30

Scenario 2: Partial Ownership User buys NFT on day 15 and holds it until day 30. Income: $15 (since they owned the NFT for half of the production cycle)

Scenario 3: No Ownership during Production Cycle User buys NFT on day 31 (after the production cycle has ended). Income: $0 (since they did not own the NFT during the production cycle) There is no need to count the days of ownership manually - all is done automatically by the CRM table.

What are the positives of this mechanic?

• The fact of inactivity will not reduce the final passive marginality distributed to NFT copy owners. That is, the income not received by the NFT seller will go not to the project, but to the users.

• The percentage share of the passive marginality of each NFT holder is calculated daily based on an updated table.

• This mechanism encourages long-term NFT ownership, providing holders with a higher share of passive marginality as the ownership period increases.

• When an active NFT is sold or transferred, the days of ownership also transfer to the new holder.

Examples of how passive income is distributed, depending on how many days you hold an NFT

In the event of alienation, exchange, destruction or other actions that make the NFT inactive, there is a redistribution of the percentage share of passive marginality. The share previously due to the inactive NFT is redistributed among the remaining active copies.

For example, if there are 10 NFT copies, each of which has a 2% passive marginality (totaling 20%), when 5 copies are removed from circulation, the remaining 5 copies receive an increased share of passive marginality, which now amounts to 4% per copy (totaling 20%)

When transferring ownership of an NFT from one person to another, the new owner inherits all rights and obligations associated with the asset, including the ownership period. Thus, when selling or exchanging an NFT, the seller transfers not only the asset itself, but also the rights to the passive income received.

The minimum amount required for passive income, its frequency and other relevant details will be determined during the closed beta test.