Discover everything you need to know about Reputation Status that qualify Meta Force NFT holders for Royalty NFT.
Royalty NFT Reputation Status in Details
Each status NFT consists of a different number of 100% reputation units. The number of reputation units is determined by the maximum amount of Energy in the status level.
- 1. Activator = 3,500
- 2. Supervisor = 10,500
- 3. Manager = 31,500
- 4. Pro-Manager = 94,500
- 5. Pacesetter = 283,500
- 6. Ambassador = 850,500
- 7. MCM = 2,551,500
Reputation from 1% to 100% gives you the opportunity to receive a Royalty bonus.
The amount of the bonus depends on the percentage of reputation.
A reputation of 100% gives you the opportunity to get the maximum bonus.
If the reputation is less than 100%, for example 70%, you will receive 70% and the remaining 30% will be distributed among other NFTs of the same status.
How Royalty NFT Bonuses Are Calculated Using Reputation Status
Example:
Suppose the bonus amount is $78,000.
At level three there are 3 NFTs with reputation 1st NFT 100%, 2nd NFT 70%, 3rd NFT 20%. According to the formula we find the coefficient of 1% = 100 + 70 + 20 = 190 / 100% % = 1.9. With the 1.9 coefficient the following NFT bonus results will be obtained
NFT:
78 000 / 190 = 410.52
1st NFT 100% = 100 * 410.52 = 41,052
2nd NFT 70% = 70 * 410.52 = 28 736.4
3rd NFT 20% = 20 * 410.52 = 8,210.4
Composition Of Reputation
Reputation is evaluated on two factors and can consist of two factors at the same time or only one of them.
The migration of the “Reputation” feature to “Activity Progression” will take place shortly. “Activity Progression” will allow you to maintain and increase the activity of your NFT.
More details will be provided in upcoming updates.
The First Factor
Takes into account personal tokens spent to increase the status of your NFT received as a result of activity in the system.
Example:
Status 1 is pumped by your Energy received for conset. You spent 3500 to get this status. The value of status 1 = 3,500 of which 3,500 units are active, which is 100%.
The Second Factor
– takes into account the money spent to purchase NFT on MarketPlace. At an exchange rate of $1 to 1 Energy.
Example:
Status 1 is purchased for 350 DAI which equals $350. The value of status 1 = 3,500 of which 350 units are active, which equals 10% reputation.
Other:
Back by DAI. Upgrade from R NFT V1 and V2 to V3. Users who spent DAI for reputation boosts to upgrade to V3 R NFT get 100% reputation.
Users who have not had time to upgrade to V3 will soon receive new conditions for upgrading to V3. Wait for the update.
NFTs that participated in the transfer. The NFTs of the previous owner are taken into account.
His personal spending or the amount spent to buy NFT on the market or Back by DAI.
If the NFT had more than one transfer, a 0.5 coefficient is applied to the status value, as these actions are suspicious.
Users with a reputation of 0% are noticed in fraudulent operations. These users have the right to appeal their reputation when evidence is provided.
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