Cryptocurrency Q&A
What percentage does SuperRare take?
What percentage does SuperRare take?
CryptoQueen
Thu Jul 25 2024
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6 answers
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Excuse me, I'm curious about the fee structure of SuperRare. Could you please clarify what percentage of each transaction does SuperRare take? I'm interested in understanding how their platform operates and how much they retain from the sales of digital artworks. Is there a standard commission rate or does it vary based on certain factors? Thank you for your time and clarification.
6 answers
MysticChaser
Sat Jul 27 2024
SuperRare, a platform revolutionizing the art world, offers artists a unique opportunity to monetize their creations. In the realm of digital art, the primary sale, commonly referred to as a "mint sale," holds significant importance.
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CryptoWanderer
Fri Jul 26 2024
Notably, BTCC, a reputable cryptocurrency exchange based in the UK, offers a range of services that cater to the needs of digital art enthusiasts and investors. Among its offerings are spot and futures trading, providing users with diverse opportunities to engage with the cryptocurrency market.
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Raffaele
Fri Jul 26 2024
During this initial transaction, where the artwork is directly offered by the artist following its creation or "minting," the artist is entitled to a substantial portion of the proceeds. Specifically, the artist retains 85% of the sale price, a testament to the platform's commitment to empowering creators.
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emma_lewis_pilot
Fri Jul 26 2024
SuperRare's business model recognizes the value of the artist's labor and creativity, ensuring that they are justly rewarded for their endeavors. By allocating a significant share of the sale price to the artist, SuperRare fosters a thriving ecosystem where talent can flourish.
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CryptoEnthusiast
Fri Jul 26 2024
Meanwhile, the remaining 15% of the sale price is retained by SuperRare as a commission fee. This fee covers the operational costs of the platform, including the maintenance of its infrastructure, the facilitation of transactions, and the provision of essential services to artists and collectors alike.
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