💲Obsidian Royalties

Obsidian introduces Royalties, a feature designed to foster the growth of the Cronos ecosystem by redistributing aggregator fees collected during token transactions. This initiative empowers project founders with funds to support development and marketing efforts, ensuring a sustainable future for projects on Cronos.

How It Works

• Aggregator Fees: Each transaction on Obsidian collects a 0.5% aggregator fee.

• Royalties Distribution: These fees are sent to the Obsidian Royalties contract and distributed as follows:

  • 50% to Partner Projects: Partner projects and tokens with qualifying liquidity will receive a share of the aggregator fees collected specifically from transactions involving their token (usually from token purchases).

  • 50% to $ROBIN Auto-Burn: The remaining fees are automatically swapped to $ROBIN and burned 🔥 during each royalty claim, supporting Obsidian's meme token and reducing its supply.

Benefits to Projects

1. Partner Projects:

   • Obsidian will share transaction fees with projects using their services.

     • First Partner: puush.fun

       • All graduated tokens will receive 50% of the aggregator fees collected from their token transactions.

2. Liquidity-Based Eligibility:

   • Tokens with more than $10,000 USD liquidity on Obsidian are automatically eligible for royalty benefits.

3. Legacy Projects:

   • As a token of appreciation, we are giving back to projects that have supported Obsidian since its inception:

     • RETRIB, FAF, ENiG, CRORA, BUI, LION (Lionel), PAPACRO, WARIO, and PMR.

These projects will receive permanent royalty benefits derived from the aggregator fees collected from their tokens.

How to Claim Royalties

Project founders can claim their royalties in just two steps:

1. Set Up Your Claim:

   • Create a ticket in our Discord server, and our team will assist you in setting up your royalties.
2. Claim Royalties:

   • Once set up, you can claim your royalties directly on the Obsidian Royalties page.

Important Note

Only the aggregator fees collected from transactions involving your token will be eligible for royalties. Typically, these fees are generated from token purchases but not sales.

Unclaimed Tokens

Unclaimed tokens within the royalties contract won't go to waste! They will be used for:

• Mystery Prizes: Exciting rewards for platform users.

• Other Rewards: Incentives to engage and grow our community.

Our Vision

The goal of Obsidian Royalties is to provide sustainable funding solutions for Cronos projects. By empowering both small and large projects, we aim to create a thriving ecosystem that fosters innovation and growth on the Cronos chain.