Rental reward system (Own2Earn)

Rental Reward System

In Open Meta City, rental income is paid in the form of virtual points, OMC, once a day to all citizens with NFTs. Rental income is graded by building and paid differently.

[Rating used]

• The basic tier is based on the actual transaction price

• Average market tier, based on the average market price calculated through transactions.

You will be paid at the higher base tier and the average market price tier. However, until the internal market opens, you will receive rental income at the default tier as all average prices are the same, and the average price tier display will be the same as the default tier.

How to get today's rental income

Once a day, citizens of Open Meta City will receive a "Rental Income of the Day" by summing the rental income of each NFT they own. There may be fluctuations in rental income due to the following circumstances.

• Only registered NFTs will receive rental income, not 'unregistered NFTs'.

• Newly registered NFTs will receive rental income from the "day after" they are registered.

• Any rental income not received today will not be accumulated and will disappear.

• Today's rental income will be paid out after the 'changed rating' is reflected.

• The rental income and tier weighting will be tied to the total cumulative OMC payout in the future and may change if halving is required.

Future updates planned