📖
4.0 Whitepaper
  • Welcome
  • About Next Earth
    • Foreword
  • 1️Chapter I
    • Race to the Metaverse
    • Ready Player None
    • The Incentive Paradox
    • Metaverse of a Million Businesses
    • The Everything App
    • Blockchain History
    • Breaking down the Cloud
  • 2️Chapter II
    • Pillars of the Metaverse
      • Virtual Land
        • NFT Contract
        • Payment Contract
        • Tiles
        • Map
        • Infrastructure
        • Platform
        • Land Pricing
      • NXTT
        • Token Mathematics
        • High Levels of Volatility
        • Short-Term Dynamics
      • Economy
        • Platform Fees
        • UNIT
        • Staking Protocol
        • Fiat Gateway
        • NFT Tresor
        • Tier System
        • Launchpad
      • Technology
        • Dynamic NFTs
        • Layer System
        • Next Earth OS
  • 3️Chapter III
    • The Second Wave
    • Ambassadors
    • Accelerator
    • Consulting
    • NXTT Grant Program
    • NE Academy
  • 4️Chapter IV
    • Terraforming the Web
    • Next Earth 2030
  • 🫂The Team
    • Management
    • Operations
    • Business Development
    • Product Development
    • Engineering
    • Advisors & Partners
  • References
    • AMAs / Live Streams
    • Official Links
    • NXTT Staking
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  1. Chapter II
  2. Pillars of the Metaverse
  3. Economy

Platform Fees

PreviousEconomyNextUNIT

Last updated 2 years ago

In our original Whitepaper we published our strategy regarding how the platform will operate, which remained the same. Businesses provide services to users. These services use Next Earth infrastructure, therefore they are subject to a Platform Fee payment .

Platform Fees are paid by developers in fiat by debit or credit card. 70% of the fee paid automatically gets sent to an Oracle that buys NXTT from the market and sends the NXTT to the reward pool (60%) and a token burn address (10%). The rest of the fees (30%) consist of Next Earth's revenue, out of which we dedicate a portion to charity. This Platform Fee payment is then broken down into four segments:

Users can stake their NXTT via our Staking Protocol to earn Stake Rewards as explained later in this Chapter.

This economic structure closes the loop between Next Earth Citizens (landowners) and Businesses who monetize them. This relationship is bidirectional: Businesses can provide their services to non-landowners too, but then through their purchase they inherently become landowners and Next Earth Citizens. This is core to our land sale strategy as most Businesses eventually become a reseller of Virtual Land as well.

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