When you acquire a Solethium Object, you take ownership of that object and it will automatically increase in price.
This is the table defining what will be the price increase depending on Solethium objects current price.
|Price Range||Price Increase|
|0 ETH – 0.05 ETH||X 2 (100%)|
|0.05 ETH – 0.3 ETH||X 1.7 (70%)|
|0.3 ETH – 1.0 ETH||X 1.5 (50%)|
|1.0 ETH – 5.0 ETH||X 1.4 (40%)|
|5.0 ETH – 10.0 ETH||X 1.3 (30%)|
|10.0 ETH – …||X 1.2 ( 20%)|
Developer cut: 2.5 % fixed.
You may purchase any Solethium Object you want, and any other party may purchase a Solethium Object from you if the other party is willing to pay a higher sum. The price itself and price increase definition of the Solethium Objects are coded into the smart contract itself. That means they can’t be changed by anyone, including the App creators. Bear in mind that you may not stop another party from purchasing a Solethium Object that you currently own. Also, no other third party may stop you from purchasing a Solethium Object that you wish to own. Whichever party is willing to pay the current cost of the Solethium Objects may own it after he or she completes the transaction.
Bob owns Sun ( 3% PARENT gain) and Hermes Trade Station (+ 0.4 percentage point), totalling 3.4 % PARENT gain.
Lucy owns Earth. She bought Earth for 1 ETH. Next price will be 1.5 ETH.
Sam is buying Earth from Lucy for 1.5 ETH.
- 3,4 % from 1.5 ETH ( 0,051 ETH ) will go to Bob as his PARENT gain (he holds Sun, the Earth’s PARENT object)
- 2,5 % from 1.5 ETH ( 0,0375 ETH ) will go to developer
- 5 ETH – 0,051 ETH – 0,0375 ETH = 1,41 ETH will go to Lucy. Her profit is 0,41 ETH since she bought Earth for 1 ETH.