In Star Atlas, a secondary market transaction refers to the buying and selling of assets between users, rather than directly with the issuer of the assets. Unlike primary market transactions where you interact with ATMTA, the lead developers of Star Atlas, secondary market transactions occur between players.
Referral Commissions on Secondary Sales:
If you've introduced someone to Star Atlas through the Starpath referral system, you are entitled to commissions when they partake in secondary market transactions. Let's break down how this works:
For each sale on the marketplace, a base fee of 6% is applied (this can be reduced by locking ATLAS). Out of this fee, 1/3 (or 2% of the transaction) goes directly to the DAO (Decentralized Autonomous Organization), and the remaining 2/3 (or 4% of the transaction) is allocated to ATMTA.
As a referrer, you will receive a 25% commission on the ATMTA's portion of the secondary market royalty fees your referee pays. In essence, this means you'll earn a commission from the 4% fee that goes to ATMTA. It’s essential to note that the DAO fees remain untouched and are not included in the referral commission.
For more guidance on how to buy an NFT in Star Atlas, please visit: How to Buy an Item