Collect NFTs and earn weekly rewards
The creation of value for artists and collectors is encoded in Pianity’s DNA. As we rapidly progress with our roadmap, Pianity will continue to unveil amazing features and provide an ever-larger set of possibilities to our community of musicians and collectors.
We are excited to introduce an innovative reward-distribution methodology that incentivizes long-term collectors to keep collecting: Profit Sharing NFTs.
Pianity developed this reward-distribution system to valorize collectors for their support to musicians. Every collector on Pianity receives a weekly reward proportional to the size of its NFT portfolio.
It is paid in $PIA and directly added to your wallet.
Why are rewards distributed to collectors?
The music industry is broken and we are on a mission to fix it. Everyone helping us to bridge that gap should be rewarded at least as much as us. With this philosophy, we’re the only Profit-Sharing community in the music industry!
To keep earning this reward, a collector needs to buy at least 1 NFT per month, no matter its value.
When are rewards distributed?
Rewards are distributed every Thursday. It is an automated process that does not need any action from your side.
The annual percentage yield (APY) for collectors is currently above 85%!
How are rewards distributed?
We compute your weekly reward based on three parameters:
- The total value of your NFT portfolio (as of the previous Sunday)
- The total value of NFTs in circulation on Pianity
- The total amount of the weekly reward.
Your reward is the ratio between your portfolio value and the market value, multiplied by the weekly reward.
Example: If you own 10% of the NFTs in circulation you will earn 10% of the reward distributed that week.
How is the total value of my NFT portfolio computed?
It is the sum of the values at which you acquired your NFTs.
Is my wallet balance taken into account?
No. Only the value of your NFTs counts.
For how long are the rewards distributed?
To keep earning this reward, a collector needs to buy at least 1 NFT per month, no matter its value.
