Brainstorming to redirect % of the fees going to the DAO to a $RARE buy and burn mechanism. For exemple 10% of the fees going to the DAO could go to the buy and burn $RARE mechanism which would give more attract to $RARE token and a constant buy pressure depending on the volume.
It’s important to not put a % of the funds going to the DAO treasury redirected to a buy and burn mechanism to high for it to not impact negatively the treasury income in a bad way but seeing how healty the Superrare treasury is, even atm with low volume and low $RARE price there is very few points against implementing a buy and burn mechanism and a lot of points for and value accrual to $RARE token and therefore superrare platform and the DAO treasury itself as the treasury hold a very big % of it holding in $RARE and a more valued token = more healty treasury.
""Fees on sales
On primary sales (the first time an artwork is sold, also known as a mint sale):
- The Artist receives 85% of the sale amount
- SuperRare DAO Community Treasury receives 15% of the sale amount
On secondary sales (which is any sale following the primary sale):
- The seller receives 90% of the sale amount
- The original artist receives 10% of the sale amount as a royalty
On all sales, there’s a 3% marketplace fee added on top of the sale price that’s paid for by the buyer – this goes to the SuperRare DAO Community Treasury.
Fees on sales of artworks by Space Artists
On primary sales (the first time an artwork is sold, also known as a mint sale):
- The Artist and Operator each receive the percentage of the sale they agreed to.
- SuperRare DAO Community Treasury receives 5% of the sale amount.
On secondary sales (which is any sale following the primary sale):
- The seller receives 90% of the sale amount
- The original artist receives 10% of the sale amount as a royalty
On all sales, there’s a 3% marketplace fee added on top of the sale price that’s paid for by the buyer – this goes to the SuperRare DAO Community Treasury. “”