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hicetnunc2000 / hicetnunc

hicetnunc UI/UX
http://hicetnunc.xyz
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FAQ: WG 5.7 - Improve Maintenance fees FAQ #752

Closed christopheradams closed 3 years ago

christopheradams commented 3 years ago

Summary of change to FAQs you wish to make:

This issue comes from Hicathon WG 5.7 "Where do the fees go?"

If it's a new page, which navigation heading does it come under

Add page "Maintenance fees" under "FAQs" heading in sidebar.

Text change

Markdown

Text for Maintenance-fees.md

## What is this 2.5% fee?
Swaps which carry value are charged a 2.5% fee which goes towards platform maintenance and improvement. The fee is paid by the buyer and deducted from the list price. You should factor this in when setting your prices. Free OBJKTs do not incur a maintenance fee.

For example, if the price of an OBJKT is 10 tez, and royalties are 10%, then at the point of swap, 0.25 tez is paid to the platform in fees, 1 tez is paid to the creator in royalties, and 8.75 tez is paid to the seller of the OBJKT.

The fees are calculated automatically by the [Hic et nunc Minter](https://tzkt.io/KT1Hkg5qeNhfwpKW4fXvq7HGZB9z2EnmCCA9/operations/) smart contract ([read the source code](https://github.com/hicetnunc2000/objkt-swap)) and paid out to the [hicetnunc2000lab](https://tzkt.io/tz1UBZUkXpKGhYsP5KtzDNqLLchwF4uHrGjw/operations/) wallet. A portion of the collected fees are withdrawn to support operational and development costs of the platform. The remainder is delegated to a community baker which is voted on and governed by the [hDAO](https://github.com/hicetnunc2000/hicetnunc/wiki/hDAO).
christopheradams commented 3 years ago

@violetforest Can we add the above as a separate wiki page titled "Maintenance Fees" and link to in the sidebar under the FAQs heading?

violetforest commented 3 years ago

wiki changes are done, have to do a PR for the faq sidebar

violetforest commented 3 years ago

PR done

christopheradams commented 3 years ago

Thanks @violetforest!