Tutorial Transaction Flow on AdValorem Market
AdValorem Market Royalties are creator generated UPON MINTING.
Your marketplace rewards you and your customers when your NFTs are SOLD.
When your service NFTs are RESOLD, everyone gets the same royalty percentages.
Here’s a typical transaction.
AdValorem Market runs 4 smart contracts.
Smart contracts are complex if/then statement.
“If Bobby picks an apple. He will give it to Cindy.”
AdValorem NFT Marketplace determines who receives the royalty distributions when the creator mints an NFT.
AdValorem NFT Token allows creators to mint, list, buy, sell, redeem, transfer, burn and trade NFTs using the Marketplace Contract.
AdValorem VLR Token allows the Marketplace and NFT Tokens to be bought and sold. VLR is the token on the application.
AdValorem Marketplace Royalty Pool allows the Marketplace, NFT Token, and VLR Contracts to allocate VLR to a Royalty Pool so users can harvest and withdraw them. Royalties in the pool are a huge bonus to the users.
In-app purchases use VLR Tokens.
A small amount of MATIC Tokens are deducted for GAS transaction fees.
AdValorem Market application requires a little bit of Matic for GAS and VLR to trade NFTs.
You can purchase Matic here and VLR here as long as there is enough liquidity. Users can add liquidity here so the marketplaces runs smooth.
Royalty distributions are designed to award everyone in the transaction according to the creators’ royalty structure.
AdValorem Market Contracts dictate who gets what royalties.
Creators design this entire structure, with the exception of how the royalty pool is distributed. That’s fixed by AdValorem Market.
Simple Distribution Examples
(Royalties paid to: Creator/Reseller/Royalty Pool)
80/10/10
10/80/10
10/10/80
50/30/20
Creators should be careful not to misalign incentives for their community, so their community will grow.
If the creator builds a fair distributions structure, they will have most success through resales.
