Soltype
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What is Soltype?

Highlights

Fair profits for authors
  • Literary NFT sale.
  • Royalties from secondary sales.
  • Community tipping.
Rewarding promotion
  • Incentivising fans, readers, and investors to promote authors' literary NFTs .
  • Incentivising fans, readers, and investors to tip authors' literary NFTs.
Establishing meaningful connections
  • By tipping a literary NFT, fans, readers, and investors get access to an author's community, and get to engage with the text, the community supporting the work, and the author herself.

A game-changing model

At Soltype we are reinventing the way authors distribute, monetize, and promote written work. We do that by leveraging blockchain and the disruptive business models unlocked by crypto, NFTs, and decentralized systems. By introducing literary NFTs, Soltype allows for an entirely new set of properties to be integrated into the literary industry.

What's in it for me?

Soltype aims to make blockchain technology easy to use, accessible, and useful for authors, readers, and investors alike.

Authors

  • Fast initial sale
  • Money from initial sale
  • Money from secondary sale royalties
  • Money from fan tipping
  • Get a decentralised sales-force incentivised in promoting your work
  • Feedback directly from your community
  • Access to a database of relevant buyers, tippers and readers

Readers

  • Open access to all written pieces published on Soltype
  • Option to support your favourite authors and access her exclusive social reading experience by tipping

Investors

  • Buyers
    • Invest in the works of upcoming writers, and earn by selling at a higher price than the price you paid
    • Earn Ambassador badge
    • Access to exclusive social reading experiences (highlight the phrase of your choice and comment what you want)
    • Connect with like-minded communities
    • Earn a percentage of the tipping that your owned literary NFT receives
  • Tippers
    • First 10
      • Earn SOL rewards when 100 tips occur
    • All
      • Earn Supporter badge
      • Access to exclusive social reading experiences (Highlight the phrase of your choice and comment what you want)
      • Connect with likeminded communities

A social reading experience

Rewarding promotion

Soltype's innovative model rewards users who promote literary NFTs. It turns authors’ buyers and tippers into a decentralised sales-force that markets their written work.

Re-selling Literary NFTs

By making use of the following model, authors at Soltype can both strengthen their brands and increase their profits (from both initial sales and royalties from secondary sales). Let's take a closer look.
  1. 1.
    Author transfers 1 SOL to a promotion pool to list her/his 1/1 literary NFT
  2. 2.
    Buyer 1 purchases author's literary NFT
  3. 3.
    Buyer 1 resells author's literary NFT and earns 50% of the pool as reward
  4. 4.
    Buyer 2 resells author's literary NFT and earns 30% of the pool as reward
  5. 5.
    Buyer 3 resells author's literary NFT and earns 15% of the pool as reward
  6. 6.
    Soltype takes the remaining 5% of the pool as a service fee

Tipping Literary NFTs

By tipping a written work, readers, fans, and investors gain access to an exclusive social reading experience in which they can comment, highlight favourite phrases, and connect directly with other fans of the work. Moreover, tipping at Soltype unlocks a one-of-a-kind promotion for authors as it incentivises tippers to find more tippers:
  1. 1.
    A reader tips a literary NFT with 0.1 SOL of which
  2. 2.
    After 100 tips, the tipping pool is distributed as follows:
    1. 1.
      50% of the pool goes to the first 10 tippers/promoters (they each receive 5% of the total pool)
    2. 2.
      30% of the pool goes to the author of the literary NFT
    3. 3.
      10% of the pool goes to the current owner of the literary NFT
    4. 4.
      Soltype takes the remaining 10% of the pool as a service fee
  3. 3.
    All the tips following the initial 100 tips are distributed as follows:
    1. 1.
      50% of each tip goes to the author of the literary NFT
    2. 2.
      20% of each tip goes to the first 10 tippers of the literary NFT
    3. 3.
      20% of the pool goes to the current owner of the literary NFT
    4. 4.
      Soltype takes the remaining 10% of the pool as a service fee