How does Biophilia's Minted NFT Work?

Biophilia's Minted NFT follows a unique set of rules and offers distinct benefits. Here's an overview:

Royalty Fee: There are two kinds of royalty fees associated with each NFT minted by Biophilia.

1. 5% Royalty Fee: This is the primary royalty fee that is automatically applied to subsequent sales of the NFT. The 5% royalty fee transfers to the person who triggers the conditions for ownership transfer.

2. 2% Royalty Fee (Exclusive to the Primary Owner): The second royalty fee is the 2% royalty fee that is exclusive to the primary owner. This 2% royalty fee is only triggered when the first person triggers the transfer of the 5% royalty fee. Once this condition is met, the primary owner will start receiving this new 2% royalty fee every time the NFT is traded. It's a unique benefit reserved for the primary owner, further incentivizing their participation.

Maximum Earnings: It's important to note that only the 5% royalty fee has limits in terms of maximum earnings initially. This limit is set at x50 of the total purchase price or a maximum of $200k, whichever comes first. This limit considers the earnings from the 5% royalty fee only, excluding any profits made from trading the NFT itself.

Ownership Transfer: Each time the transfer of ownership is triggered for the second time up to the seventh time, the maximum earnings multiplier limit increases to x5, and the maximum amount increases to 20% of the total purchase price. After the seventh time, the maximum earnings limit returns to the initial limit. This cyclical structure allows for ongoing excitement and opportunities for participants as they have the potential to earn higher royalties and then reset for new cycles of earnings.

The Catch: In the NFT Marketplace, buyers may not be aware if the NFT they are purchasing is close to reaching the maximum earnings threshold for the 5% royalty fee. As a result, many individuals are motivated to be the last purchaser who fulfills the condition and triggers the ownership transfer. This creates a sense of excitement and an element of chance for buyers, as they vie to win the opportunity.

Why is it Desirable? Every NFT minted by Biophilia is supported by various events and marketing initiatives, enhancing its popularity and trading potential. These NFTs are associated with special events, movies, and promotions organized by the Biophilia Team. As a result, they offer additional benefits and garner significant interest from traders. Unlike other existing NFTs, where royalties are solely enjoyed by the creators, Biophilia's NFTs provide an opportunity for both creators and traders to benefit from ongoing events and promotions.

Biophilia's Minted NFTs present a unique opportunity for buyers to participate in the excitement of reaching the maximum earnings threshold for the 5% royalty fee while enjoying the added benefits and popularity associated with the Biophilia ecosystem. Early adopters, as primary owners, also get the advantage of an exclusive 2% royalty fee to further incentivize their participation.