RoyaltyNFT (RNFT)
An RNFT is a governance token that grants digital rights to a share of the collective intellectual property created by ecosystem participants. RNFTs held in the Governance Pool give their owners the authority to participate in ecosystem governance through voting in the DAO and earn royalties from all economic activities within the ecosystem. Each RNFT has core characteristics but can be enhanced with extensions if proposed and accepted by the DAO community.
Issuance
The emission of RNFT tokens is limited to 6,871,940.
Value Determination
Each RNFT is a unique entry on a decentralised blockchain network, representing a share of the collective intellectual property of all ecosystem participants. This includes:
Research
Creative solutions
Developed infrastructure
IT solutions
Smart contracts
Interface design
Marketing strategies
Documentation
The value of an RNFT is determined by the ecosystem's success and overall profitability.
Availability
The availability of RNFTs for purchase is limited. Initial access to RNFT purchases is governed by mechanisms specified in the DGES tokenomics.
A key requirement for the initial purchase of an RNFT is that the potential buyer must first create at least one GNFT. All RNFTs initially purchased by a user's wallet will be linked to the originally created GNFT and its graphic image.
Issuance and Governance Pool
RNFTs are initially generated during the sale or transfer of tokens, as detailed in the Technology section.
Once created, all RNFTs are automatically placed in the DGES Governance Pool for the vesting period, during which allocation holders receive voting rights and royalty income.
Once all RNFT sales outlined in the DGES tokenomics are completed, some of the tokens allocated to the DGES treasury may be offered for sale. However, this can only occur once all tokens in that batch have been fully unlocked. The specific vesting periods for different RNFT allocations are also described in the DGES tokenomics.
RNFT Sales
When selling RNFTs from the treasury, the DAO community may decide to either:
Auction a batch of tokens or
Sell them at a set price.
In the case of an auction, the participant who offers the highest price wins and receives the RNFT at the end of the auction. The minimum bid that a potential buyer must place is determined by the DGES DAO community.
Pricing
The initial price of an RNFT is determined by the gas fee for the blockchain transaction and the price set according to DGES tokenomics.
For sales from the treasury allocation, the price is based on the gas fee for the blockchain transaction and the price established by the DGES DAO community, or it may be determined through an auction.
In secondary market transactions, the RNFT price is determined by:
The gas fee
The DGES commission
Any applicable marketplace fees
The price set by the current token holder
Revenue Generation
RNFT holders are entitled to receive royalties, equally distributed among all RNFTs held in the DGES Governance Pool, equal to 50% of the commission from transactions involving all GNFTs and LNFTs.
Upon issuance, all RNFTs are locked in the DGES Governance Pool for a vesting period.
RNFTs can only be withdrawn or sold after this vesting period ends. Once the vesting period concludes, RNFTs are unlocked and can be withdrawn or re-deposited into the Governance Pool at any time at the owner’s discretion.
Last updated