FAQ

FREQUENTLY ASKED QUESTIONS

We Hope You Find What You are Looking for. Explore FAQ`s.

What is DAO?

A decentralized autonomous organization (DAO) is an emerging form of legal structure that has no central governing body and whose members share a common goal to act in the best interest of the entity. Popularized through cryptocurrency enthusiasts and blockchain technology, DAOs are used to make decisions in a bottom-up management approach

What is NFT?

A non-fungible token (NFT) is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership.^[1] The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded. NFTs can be created by anybody, and require few or no coding skills to create.^[2] NFTs typically contain references to digital files such as photos, videos, and audio. Because NFTs are uniquely identifiable assets, they differ from cryptocurrencies, which are fungible.

What is Membership NFT?

NFT-based memberships are exclusive programs that use NFTs as access keys to unlock a variety of services and rewards.

What is the benefit of membership NFT?

Manage membership

Reward, create fan club

What is NFT royalty?

NFT royalties are payouts that compensate the original creator every time a secondary sale of their digital asset occurs. The royalty percentage is set by the creator at the time of minting, commonly around 5-10%. This percentage is taken from the sale price and sent to the creator.

How does royalty splitter work?

Add wallet addresses of each contributors when you establish your DAO. When NFT produced by DAOs are sold in marketplaces, DeCir royalty splitter collects all royalties from across major NFT market places and pool in your DAO treasury. Contributors are entitled to claim its royalties anytime based on their assigned royalty percentage.