🪙Fee & Royalties
Last updated
Last updated
At MITTE:NFT, we use a Fee and Royalty system to foster the growth of each collection.
Fee: 1.5%
Royalty: Set by the project’s creator
For example, let’s say you're selling an NFT that has a 5% royalty, and you list it for 10 NEAR. If someone buys your NFT, you’ll receive:
9.35 NEAR = 10 NEAR (Listing Price) - 0.15 NEAR (1.5% Fee) - 0.50 NEAR (5% Royalty)
You don’t need to do the math yourself—every time you list or sell an NFT, the fee and royalty amounts will be clearly displayed on the screen, so you’ll know exactly how much you’ll receive.
Also, buyers or offerers only pay the price displayed in the order book (in this case, 10 NEAR). No additional charges beyond the listed price will be applied.
MITTE ensures transparency and simplicity for all users.
May the profits be with MITTErians!