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https://opensea.io/collection/zorbs-eth
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Callum Wanderloots ✨
@wanderloots.eth
https://zora.co/collect/base:0xc3e50ad555043720a98980f7570375bb5f903088/1?referrer=0x316822580ee3725209fD96b1208ef53b73825E56 Okay I'm curious now, with the change to @zora, what happens to existing tokens? e.g., here's a solar eclipse animation from last year. There are 147 tokens minted, but how does that translate to the 1 billion coins for new posts?
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Carter | 🏳️🌈
@incarterseyes.eth
The coins upgrade is only for new posts made after yesterdays update. It does not apply to older posts, only new ones.
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Callum Wanderloots ✨
@wanderloots.eth
another q @incarterseyes.eth: I understand there is a 1% fee with various splits depending on referrals, on zora vs 3rd party, etc. but happens with the initial purchase? e.g., if I buy $100 of a coin from a creator, what happens to the $100? does it go to the creator + their portion of the fee, or is it purely deposited in the uniswap LP?
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Carter | 🏳️🌈
@incarterseyes.eth
All trades (regardless of what platform they happen on) will have a 1% trade fee, with the creator earning half of the 1% fee. The other 99% is used to make the trade in the pool. However, if the trade happens ON Zora, an additional 1% trade fee is added, with half of that fee being earned by the creator. The other 98% fee is used to make the trade in the pool. As the creator, when you make a post and if you do the initial first when posting, you’ll earn rewards in it(since it’s a trade) and the rest goes to the pool since that’s where you’re buying from.
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Callum Wanderloots ✨
@wanderloots.eth
Okay, I think I get it. But then, doesn't most of the value accrual happen purely in the liquidity pool? What is the incentive to the creator to post content if they don't get access to the payments, aside from part of a 1% fee and the initial 10 million (1% of total supply)?
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