money
Will I make money from my records on DigiClerk (DC)? The answer is yes, but not yet.
Currently, we want Founder Members, who want to get in at the beginning, to support us their one off subscription and enthusiasm.
Critical density of subscribing members
Once there is a critical density of annual subscribing Members, then Members will take a share of the monthly subscriptions to their electronic DC wallets (which are not live yet). These Members must be Data Owners and have records on the platform.
my records
Criteria
So, to have the ability to make money, the Member must be either a Founder Member or Member and be Data Owners (DOs). DOs have their records uploaded and displayed on the platform. They must have subscribed once as a Founder Member or be a subscribing Member. No money in, no money out.
Calculation
The monthly subscriptions fees will be divided between DC and eligible Members. At first the calculation will be based on the volume of records each Member has on the platform. Later, as DC develops the quality assurance (QA) and dynamic data system, the calculation will be replaced by an algorithm. The algorithm will include factors such as:
- volume of records
- quality of records
- amount of ‘likes’, ‘views’ and ‘downloads
- feed back from Members
image from one of the 2,000 + records on the yachting collection
However, to be clear, this isn’t going to start until the business can self fund this.
Electronic wallets
DC will use electronic wallets and credits in order to level out exchange rate differences around the world.
Download fees shared too
Separate to all of the above, if a record is downloaded then the download fee is shared in proportion with the Data Owner (DO). The fee proportion will be put in the DO’s electronic wallet. Also, DC has been requested to provide a trading function that allows DO’s to state if their record is for sale. The trade facility is being explored at the moment.