akaSwap Artist Club Intervention, Occupation, Play (Foreword)

Jul 24, 2022

The club's profit sharing, to this day, I still think it is the most remarkable part of the whole mechanism.

akaSwap added a new feature " Artists Club " some time ago. It's not a big deal to include a creator's club on the platform, but the application of smart contracts makes it unique. It opens up more imaginations to interact with collectors and the community.

In the artist club, you can choose to pledge aka dao to join the artist club. For different artist clubs, the club owner (artist) sets the acceptable pledge limit for the club, as well as the minimum threshold and upper limit that each member can pledge. If you want to join the club, but you don't have enough aka dao, you need to exchange a small amount of Tezos for aka dao (1 tezos=10.38 aka dao). If you quit the club for some reason, the pledged aka dao will be returned in full.

If you are not a temple user, you can exchange aka dao here.

In other words, sacrificing part of the flow of funds in exchange for membership in the club. As far as the actual property is concerned, there is only the gas generated during the consumption action. After joining the club, your pledge will need to wait seven days for the spell to take effect. When it takes effect, it will be able to enjoy the club's related profits.

The club's profit sharing, to this day, I still think it is the most remarkable part of the whole mechanism. Each club has an exclusive contract address, and tezos entering that contract address will be distributed to all members who have completed the pledge according to each person's pledge ratio (the platform will first extract 2.5%). In other words, the more people who press, the more profit the club can get if it generates revenue.

Although I'm not a mathematician, it sounds good, right? It's basically just lying around and earning.

In the club, you can see the relevant club information. Contains co-creations and member lists.

But again, the owner of the club has the authority to expel members from the club. Therefore, artists can judge which supporters can create higher value in this symbiotic relationship through commissioned tasks, or the interaction status of members and projects. It can also determine which members can stay and which will terminate the relationship within the limited membership quota.

On the page of the co-created products in the support club, you can also see which works are currently distributed to the club. In contrast, members can clearly know which works are traded, which can generate benefits for the club. To put it more bluntly, everyone knows which works should be pushed hard if they want to make a profit. It is a pity that akaSwap has not yet connected to many platform protocols, so even if some works are distributed to the support club, they cannot be displayed at this stage (such as: fxhash, objkt). But this does not affect the ingeniousness of the Artists Club contract - in the case of not concatenating the platform agreement, the income is evenly distributed to the users (club members) of akaSwap using the profit sharing contract.

Join the Yi-Wen LIN club to get the airdrop gift "Imprints", unfortunately it was full when I was still sleeping.

For such a contract model, as well as the club governance system, there is certainly more that could be better. Frankly speaking, it is only in the trial operation stage, and my friends and I have a lot of fun. Looking forward to more detailed management functions and interaction possibilities in the future.

Current list of clubs on akaSwap: