When you trade NFT with other users on the OURSONG platform, we will charge the buyer/seller a handling fee based on the transaction price and allocate a portion of the transaction price to the creator who issued the NFT (e.g., the user who sold the NFT for the first time). The details of the transaction fee and the creator's share of the transaction price on OURSONG are as follows:
First Sale
Revenue | Handling fee | |
NFT creator (seller) | 87.5% | 12.5% |
Buyer | - | 2.5% |
Secondary Market
Revenue | Handling fee | |
NFT creator | 10% (Royalty) | - |
Buyer | - | 2.5% |
Seller | 87.5% | 2.5% |