Content-Minting

For each piece of work, as soon as the Creator is signing in in The Sybel Ecosystem, a NFT is minted, owned by the Creator, present in the Creator's custodial wallet.

By burning TSE and SMT, Creator can supply some fractions of this NFT with different rarities :

• Legendary

• Epic

• Rare

• Common

• Standard

One Standard Token is automatically minted for free as soon as a User claim it after having interacted with the content.

For the rest of the different types of fraction, Creator must burn :

Rarity	Tokens burned to supply one fraction
Legendary	200 SMT
Epic	100 SMT
Rare	50 SMT
Common	10 SMT
Standard	0

Every fraction is minted once bought by a User or an Investor. The Initial Price is the same for each Creator and for each work. It is defined as below :

	Initial Price
Legendary	400 SMT
Epic	200 SMT
Rare	100 SMT
Common	20 SMT
Standard	One for Free

Fraction Price Index Formula

The Current Price (CP) of a fraction a Content i with a rarity j is recalculated every week depending on different variables :

$$CP_{ij}(w)=CP_{ij}(w-1) \times \left( x + \cfrac{\sum_{k=1}^{w-1}\rho_{ij}(k)}{\sum_{k=1}^{w-1}\sigma_{ij}(k)}\right)^{\left(y+ \cfrac{\rho_{ij}(w-1)}{\rho_{ij}(w-2)}\right)}$$

$w$: current week $\rho(k)$: number of fractions minted during week k $\sigma(k)$​: number of fractions supplied during week k $x, y$​: System Parameter

Creators can choose to supply their fraction at once or within a defined period of time. The Current Price is always ta the moment of the minting.