🌌5SKY NFT Project
Introducing 5SKY.org: The Nexus of NFT and Collaborative Trading
What is 5SKY.org? 5SKY.org stands at the forefront of decentralized NFT markets, pioneering an innovative team-based trading system centered around invitation codes. At its core, it's more than just a platform for buying and selling; it's an educational journey. Inviters are entrusted with guiding newcomers through the complex landscape of cryptocurrency wallets, familiarizing them with the intricacies of the digital currency market, and providing an introduction to NFTs. By facilitating this learning process, 5SKY.org not only uplifts the community's digital currency literacy but also empowers individuals to generate income through technological education.
The 5SKY Pricing Tiers for NFTs:
1
Level 1
1
5
100 Tether (USDT)
2
Level 2
5
25
500 Tether (USDT)
3
Level 3
25
125
2,500 Tether (USDT)
4
Level 4
125
625
12,500 Tether (USDT)
5
Level 5
625
3,125
62,500 Tether (USDT)
Users can purchase an NFT from any level, starting from Level 1, and later upgrade to a higher tier by merely paying the difference in the respective amounts.
Upgrading to a new level grants users all benefits associated with that tier, including increased lottery chances.
It's important to note that a downgrade isn't permissible; once you ascend to a particular level, there's no turning back.
There's a cap on user invitations based on their current level. For instance, if a Level 2 user has already filled their first ring of 25 users, they can't invite new users to their first ring. Any attempt to purchase using that user's invite code will be unsuccessful. Each user must operate within the confines of their level's planet limitation for first-tier invitations.
Understanding the Post-Purchase NFT Process on 5sky.org
So, what exactly happens after you purchase an NFT on 5sky.org? How is the transaction structured and how do participants profit?
Our platform operates on a decentralized basis using smart contracts. For those interested in a more in-depth technical understanding, we recommend heading to our developer section. Rest assured, all processes are handled via smart contracts, with our site merely acting as a display and processor for the smart contract logs.
Historically, the power of education and knowledge acquisition has always paved the way for future generations. We firmly believe in this notion on our platform. The knowledge we gain today is indebted to the generations that came before us, setting the stage for our current circumstances. By embracing this mindset, the value we obtain from learning today benefits our ancestors and sets a prosperous path for us.
Now, onto the specifics:
Upon the purchase of an NFT, 25% of the proceeds from any NFT token bought by the invited individual is paid as a teaching fee to the direct educator.
The second-tier individual, who directly invited the first-tier participant, receives 15% as a support reward.
Those in tiers 3, 4, and 5 respectively, each obtain 5% as a reward for every learner they invite.
In total, 55% of the payment from the invited user is distributed among the chain of referrals. If there are fewer than five individuals in the chain, the remaining amount from the 55% gets allocated to the last person in the line.
Furthermore, 20% of the user payment is used to purchase the 5sky token on the decentralized exchange, PancakeSwap. Of this, 15% goes directly to the invited user, and 5% is transferred to the lottery contract. Depending on the NFT plan purchased, the user receives lottery chances, valid for all future draws. For instance, if I have one chance, I could potentially win in the 25th lottery draw and still have opportunities in subsequent draws. A separate article elaborates on the lottery drawing process in detail. Draws are held every 25 days from the date of the last draw.
In summary, 55% goes to group sharing, 20% to the user in token rewards and lottery chances, totaling 75%. The remaining 25% serves as the creator's fee and is reserved for the development of the 5sky team.
Additionally, during the NFT purchase, an extra 5% of the NFT amount is taken upfront as a provisional charge to cover transaction fees. Any surplus from this fee is immediately and fully refunded to the user post-transaction. For example, for a 105 USDT NFT, a payment of 110 USDT is made, from which, typically, 4 USDT is instantly returned to the user. All these transactions can be verified on the blockchain, and for a deeper dive, users can review the smart contract chapters for 5SKY LTI (Core) and lottery.
When an NFT is transferred, the new owner also assumes ownership of its associated team. This is because teams are essentially represented as NFTs, structured in a parent-child hierarchy. Consequently, upon the transfer of an NFT to a new owner, they will receive all new rewards associated with that team.
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