From f313f3f0d48791064fd618c10a1fb8ba44427d86 Mon Sep 17 00:00:00 2001 From: "almndbtr.eth" <78528185+almndbtr@users.noreply.github.com> Date: Tue, 22 Feb 2022 03:26:02 -0800 Subject: [PATCH] fix(docs): clarify percentages upon victory ## Summary Closes https://github.com/PartyDAO/partybid/issues/78 This updates the copy for a winning PartyBid. --- README.md | 4 +++- 1 file changed, 3 insertions(+), 1 deletion(-) diff --git a/README.md b/README.md index f6d4ffd..a8baa9c 100644 --- a/README.md +++ b/README.md @@ -13,7 +13,9 @@ To keep up with PartyDAO, follow [@prtyDAO](https://twitter.com/prtyDAO) on Twit - Anyone can contribute ETH to the PartyBid while the auction is still live - Anyone who has contributed to the PartyBid can trigger a bid on the targeted NFT auction - After the auction closes, if the PartyBid won the NFT, the token is fractionalized; all contributors whose funds were used to win the auction are rewarded with ERC-20 tokens representing a fractionalized share of the NFT. Tokens are fractionalized using [fractional.art contracts](https://github.com/fractional-company/contracts) -- If a PartyBid wins the NFT, a 2.5 ETH fee and 2.5% of the fractional token supply is transferred to the PartyDAO multisig. +- If a PartyBid wins the NFT, PartyBid charges a total fee of 5%: + - 2.5% of the ETH used in the purchase + - 2.5% of the fractional token supply is transferred to the PartyDAO multisig ## Functions