Royalty Chain / Provenance
Last updated
Last updated
Update (Royalty System expected to complete testing by the end of 2022):
Gold Holder Pass (Royalty Share for Life)
For various reasons, Gold Holder Passes will no longer be issued to original minters, but instead be issued on Polygon to the first buyer of the NFT after the royalty chain system goes live (projected to be late December). The condition of issuance is the sale must be for 1.1x the previous price.
If you minted and still own your NFT and want your Gold Holder Pass, you can buy it from yourself after the royalty chain goes live and purchasing wallet will receive the Gold Pass NFT on Polygon.
Important: Make sure the price you buy your untraded minted Mitama NFT from yourself at 1.1x the mint price (0.07*1.1=0.077).
Silver Holder Pass (Royalty Share for up to six levels)
To reward all those who create volume in our collection, profitable flips of Mitama NFTs, with at least 10% profit in your trade, you will receive a Silver Holder Pass NFT on polygon, which is royalty payments for 6 levels (WARNING: Supported marketplaces only, such as Opensea. Check to confirm before trading)
We will announce when this Holder Pass is tradable, as initially, the Holder Pass NFT will be tradable, but the royalty benefit will not be. Please wait for the announcement if you want to trade this derivative of royalty income. The buyer should be aware of how many rounds have passed. This is viewable by checking the past history of trades, or with the provenance.
We hope that the documentation of former Mitama owners is a fun way to see who has owned each Mitama NFT.