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DiviD Fractional Collectibles Whitepaper

18
  • The “DiviD” Concept
  • Benefits of Fractional Ownership in the Collectibles Market
  • DiviD Platform Components
  • $DIVID Token Utility
  • DiviD’s Tokens Are Not Securities
  • $DIVID Tokenomics
  • $DIVID Token Rewards
  • DETAILS 01. MARKETPLACE ITEMS
  • DETAILS 02. ITEM LISTING
  • DETAILS 03. OWNERSHIP TOKENS
  • DETAILS 04. TOKEN MARKETPLACE LISTING
  • DETAILS 05. SECURE INSURED STORAGE
  • DETAILS 06. ITEM RE-SALE
  • DETAILS 07. OWNERSHIP TOKEN REDEMPTION
  • DETAILS 08. PLATFORM ADMINISTRATIVE FEES
  • DiviDEX Ownership Token Exchange
  • CoinOppâ„¢ Mystery Box Vending Machine
  • Roadmap
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DETAILS 08. PLATFORM ADMINISTRATIVE FEES

Platform fees are charged for maintenance and administration of the DiviD Fractional Collectibles Marketplace as well as for secure asset storage and insurance costs. Platform fees are charged to:

Sellers

Dealer Partners selling fractional ownership interests in their collectibles are assessed platform fees when an item’s ownership tokens are sold in the marketplace. Fees are deducted from the proceeds paid to Dealer Partners. There are no up-front item listing fees.

Item Listing ValueFeeNote
$1001-$25003.0%
$2501+2.0%

Example: Item A is listed in the marketplace for $5000. After platform users buy 100% of the item’s ownership tokens, DiviD pays the seller for the item, minus a platform fee of 2.0% on $5000, totaling $100.00. Dealer receives the balance of $4900.

Buyers

Purchasers of collectible item ownership tokens are assessed a flat 1.5% platform fee at the time of purchase regardless of item’s listing value.

Redemption of Ownership Tokens

Ownership token holders are assessed platform fees when their ownership tokens are redeemed after re-sale of the item to a 3rd-party. Fees are based on the selling price of the item and are deducted before sales proceeds are distributed to holders.

Token redemption fees:

Item Resale ValueFeeNote
$1001-$25002.5%
$2501+1.5%

Example: Continuing with the example above, Item A is re-sold for $8500. Abigale owns 10% of the item’s ownership tokens and will receive 10% of the sales proceeds ($850) less platform fees of 1.5% ($12.75). Thus, Abigale will receive $837.25 upon redemption of her ownership tokens through the platform.

Any token holder who acquires 100% of a physical collectible’s ownership tokens is required to redeem them for possession of the item. Fees are based on the item’s value (as above) at the time of the holder’s 100% acquisition, determined by the total price the holder paid for the item’s ownership tokens. Platform fees, along with shipping, and any storage and insurance fees accrued, must be paid by the redeeming token holder prior to release and shipment of the item.

ⓘ ​Fees may periodically be adjusted to align with current market conditions and general industry trends.

DETAILS 07. OWNERSHIP TOKEN REDEMPTIONDiviDEX Ownership Token Exchange

DiviDCollectibles.com

Your chance to own a piece of high-value collectibles, and earn while you hold!

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Comstock Digital, LLC
d.b.a. DiviD Fractional Collectibles Marketplace

All rights reserved.

Member

  • American Numismatic Association

Resources

  • Whitepaper
  • Testnet Bug Report

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