> For the complete documentation index, see [llms.txt](https://steeber.gitbook.io/chaos-birds/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://steeber.gitbook.io/chaos-birds/revenue-share-tokens.md).

# Revenue Share Tokens

A breakdown of the privileges and rules of owning Revenue Share Tokens

![From left to right: Silver, Gold, Platinum, and Diamond](https://3277952833-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FKt6vGKf8dEEDJbWB63Zg%2Fuploads%2FDfb5mB8j1sVvc8qLYOIt%2Ftokens_banner.png?alt=media\&token=7c2fdea9-8426-42f3-8ce1-eb97edd8b20c)

100% of the Chaos Birds project revenue is tokenized with these NFTs. Holders receive a monthly payment according to the proportion of time they held their revenue share token during the previous month. Here's the breakdown:

One Diamond: 40% (non-transferable treasury token)

Three Platinum: 10%

Four Gold: 5%

Ten Silver: 1%

Monthly payments are calculated by taking the total KSM that is earned by the `FChaos5WW9Sq3bo5jKDD2Vp5L14TzETXQ2fsrsne1xyoSxM` wallet in a given month and divvying it up to the revenue share token holders. If the ownership of a token is transferred, the old owner will receive their revenue share proportional to the number of days they owned the NFT during that month, rounded to 4 decimal places.

For example, let's say the project brings in 50 KSM in September. If wallet `A` owns a gold token for 10 days in September then sells it to wallet `B` who then holds it for the remaining 20 days in September, then wallet `A` would receive a total of 0.05 \* 10 / 30 \* 50 KSM = **0.835 KSM** and wallet `B` would receive a total of 0.05 \* 20 / 30 \* 50 KSM = **1.665 KSM**

The original founder created this idea but the [original collection](https://singular.app/collections/8ef755e9850dd2d573-COIN) was messy. A new collection has been created to replace the old one. There were three unique holders of the old tokens and **they have until August 1st, 2022 at 00:00 UTC to migrate and burn their old revenue share tokens in order to receive a new one, otherwise they forfeit their revenue share**.