Fees & Allocations
At NFTitties, we are committed to transparency and community-driven initiatives. Our fee structure is designed to sustain the platform while contributing to community development and engagement.
Platform Fees:
Secondary Sales: Following OpenSea's model, NFTitties charges a 2.5% fee on all secondary sales. This fee helps cover operational costs and ensures ongoing platform improvements.
Primary Drops: For primary drops, where new NFTs are minted and released, NFTitties charges a fee ranging between 2.5% and 10%. The exact percentage depends on factors such as the complexity of the minting process and promotional support provided.
Community Fund Allocation:
To empower our community and drive meaningful impact, we allocate a portion of profits to community initiatives and promotions:
Community Wallet (20% of Profits): We set aside 20% of all profits into the Community Wallet. These funds will support community-driven projects and initiatives voted on by the community.
Giveaways and Promotions (10% of Profits): 10% of profits are allocated to giveaways and promotions within the NFTitties community. These activities reward engagement and foster enthusiasm among community members.
Milestone-Based Funding: As we achieve milestones, funds from the Community Wallet will be allocated to strategic initiatives and partnerships aimed at furthering the growth and success of NFTitties.
Transparency and Accountability:
We are committed to transparently communicating fee structures and fund allocations.
Regular updates and reports will ensure visibility into the allocation and utilization of funds from the Community Wallet.
Community members are encouraged to actively participate in decision-making processes and provide feedback on fund allocation and strategic initiatives.
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