2 years ago

AdValorem Market Tutorial - Your Unique Royalty Market
https://www.advalorem.io/tutorial/v/your-royalty-market

YOU can create LOYALTY thru ROYALTY.

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CREATE CUSTOM ROYALTY DISTRIBUTIONS FOR YOUR PRODUCTS AND SERVICES.

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Royalties can create value in a number of ways. Musicians license music to earn royalties. For creators, royalties can provide a source of income that can be used to support their creative efforts and help them earn a living from their work. This, in turn, can incentivize creators to produce more high-quality content, which can benefit consumers by increasing the availability of creative works.

Royalties create loyalty and lasting value. Royalties can also create value for people by providing a stable source of income from their licensed works. Creators on AdValorem Market, earn royalties by licensing their service NFTs to others for use in their own products or services.

Additionally, royalties can create value for society as a whole by providing an incentive for the creation and dissemination of knowledge and cultural works. By rewarding creators for their efforts, royalties can help support the development of new ideas and the preservation of cultural heritage.
AdValorem Market allows royalty distributions for products and services through resales.

Services minted on AdValorem Market use our Polygon blockchain marketplace contract to follow a custom royalty structure.

When resold, users receive the appropriate incentives.

There are 6 parts to the Royalty Structure.

Note A: VLR is sent to each of these addresses whenever a token is sold.

Token Distribution (Must total 100% during creation):
Royalty % to Creator
Royalty % to Buyer/Seller
Royalty % to Royalty Pool

Royalty Pool Token Distribution (preset by AdValorem Market).
Royalty % to Creator
Royalty % to Buyer/Seller
Royalty % to AdValorem

You design the incentives to reward your community.

Note B: AdValorem VLR token will rise (and fall) in value over time. Consider pricing your tokens fairly, so customers can purchase and redeem them. If your NFT is overpriced, no one will buy it.

Example:
Selling a Song 10 times at 50VLR = 500 VLR, 20% of that is 100VLR (Your Earnings)
Selling a Song 5 times at 100VLR = 500 VLR, 20% of that is 100VLR (Your Earnings)
Both examples are the same. But, you are more likely to sell your song 10 times at 50VLR than at 100VLR.

Therefore, as your token is bought and sold, listing it for less enhances your offer and earns you more during it’s lifetime.

Hint: NFTs do not have to expire, they can last forever, even after redeemed.

Goal: Your goal should NOT be to earn the highest amount of VLR for each token sold. Your goal should be maintain a steady stream of resales within your community. This results in more people buying your song over time. Which correlates to you earning more.

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