Magic Board

Scrollpix is an innovative platform that enables the creation, sharing and trading of digital artworks. The basic functioning and revenue distribution of this platform is based on a system supported by smart contracts. Here are details about the Scrollpix board's working principles and revenue distribution:

Magic Board Working Principles

The Magic board is a digital canvas of 250,000 pixels. On this canvas, users can create their own digital artworks. Ownership of each pixel is managed by an Ethereum-based smart contract (PixelCanvas). Here's how this system works:

1. Pixel Ownership and Management:

  • Pixel Ownership: Each pixel is represented by a Pixybit, and this Pixybit is associated with an Ethereum address. Owners earn commission income when pixels are painted.
  • Pixel Management: The management of pixels is handled through Ethereum smart contracts. The color, owner, and price of each pixel are stored and updated in the smart contract.

2. Pixel Updates:

  • Updates: Users can change the colors of pixels for a fee. These updates are processed through the smart contract and recorded on the blockchain
  • Revenue: The fees paid for updating pixels are the source of revenue for the platform.

3. Pixel Pricing:

  • Price: The starting price of each pixel is set at 0.00019 ETH.
  • Sale and Transfer: Pixels can be freely painted between users. This is done securely through a smart contract.

Magic Board Working Principles

The Scrollpix platform generates revenue by charging a commission on every transaction made by users. This revenue is distributed to ensure the sustainability of the platform and to offer rewards to its users. Here are the details about revenue distribution:

1. Commission Income:

  • Transaction Commissions: Users pay a certain commission when they change the colors of pixels or sell pixels. These commissions are the main source of revenue for the platform.
  • Commission Rates: Commission rates are set by the platform management and can be updated over time.

2. Revenue Distribution:

Pixel Owners: Pixel owners receive a share of the commissions from the transactions on their pixels. The revenue is distributed in certain proportions:
  • 8% goes to the NFT owner of the pixel.
  • 90% goes to the person who painted the pixel last. If this person does not exist, this share goes back to the NFT owner.
  • 2% goes to the platform wallet to support the platform.

Platform Revenue: The remaining commission income is used to cover the operating costs of the Scrollpix platform and to develop new features. This income contributes to the growth and sustainability of the platform.

The Scrollpix platform democratizes the process of creating and sharing digital art, while also providing economic opportunities. Pixybits give their owners control over pixels and income, while contributing to the sustainability of the platform. The distribution of income rewards the active participation of users and encourages the growth of the Scrollpix ecosystem. In this way, the future of digital art is shaped together and an innovative digital economy is created.

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