💳How much does it cost?
Cost per AUDIO NFT
The minting price is dynamic and geared to preserve initial investment value in US dollar terms.
The pricing system will only ever increase minting price.
The minting price for one Audio NFT is currently set to 20 FTM. The value in US dollar is $4 USD (20 FTM x (0.20 USD per FTM)).
If and when the value of FTM drops below 50% (1 FTM = 0.10 USD) the mint price will increase to 40 FTM with a value of $4 USD.
If and when the value of FTM increases the pricing system will not increase the minting price.
The pricing system ensures that Artists and Creators do not suffer a loss of their initial investment and incentivizes early adoption of the platform. If and when the price of FTM increases the Artists and Creators will gain more from their Royalties as all royalty payments are made in FTM.
Before a price increase there will be an announcement and a 7-day period where all AUDIO NFT holders will need to withdraw their outstanding Royalties.
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