It’s been a while since we started working with our class payment system, but we want to make it more polished, so we are about to simplify things when it comes to payments.
Updated Project Creator Payment System
Starting Monday, October 28th we are canceling class based payment system to introduce a flexible payment model in 3 parts.
1) Base LEDU payment*
Here are the main criteria that will be used when pricing your projects:
- Complexity of the project
- Your experience/degree/achievements
- Length of the project
All this will affect the final price of the project.
*You can also choose to be paid in cash, BTC or a combination of them.
2) Quarterly LEDU payment based on views
All project creators will be rewarded LEDU tokens as partial compensation for their work.
The amount of LEDU tokens allocated monthly to each project creator is calculated based on their proportional view-time. The proportional view time of a project creator is their total view time divided by total Education Ecosystem view time.
How exactly payments are calculated and will be made is explained in section 3.2.2 of our whitepaper.
3) Perpetual monthly payment
Last but not least is a perpetual payment after the project breaks even
Once we’ve met our operational costs and the project break-evens, we’ll continue paying you on a 50-50 basis—indefinitely. This means that if the project costs break-evens, we’ll keep 50% of the revenues and pay an extra 50%, which will be split among all the project creators on the platform. So, even if you do not create any project for 5 years, you’ll continue to earn perpetually from the projects you created.
You can read more about it in a separate blog article HERE.
We hope this approach will increase your interest in working with us and bring many new awesome projects!