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Publishing Revenue Distribution
To maintain a sustainable token system, 80% of the $RUS tokens used to issue new copies of Music Record NFT(s) are permanently burnt. The rest of the $RUS tokens paid to issue new copies are considered as publishing revenue for each piece of music. Then Sonorus Protocol automatically distributes the rest of the funds to music nominator(s) and the protocol's revenue pool according to the following mechanism.
Every time a new Music Record NFT is issued, a fixed portion of the issue price will be credited as rewards to the user who nominates the song to Sonorus. Currently music nominator rewards proportion is set at 5% of the issuing prices.
Last modified 3mo ago