Also read TSB white paper to see where the money flows. Similar to Axie, transaction fees (e.g. 2-5%) do not flow to the company (Sky Mavis/ Animoca). Some fees are redistributed back to the community and the remainder could be paid out to token holders if enough holders are in agreement.
SAND Fee Capture model = 5% of all transaction volume carried out in SAND tokens (Transaction Fees) shall be allocated with 50% to the Staking Pool as rewards for token holders that Stake SAND tokens and 50% to the ''Foundation.''
Company ASSETs/ token: Sales of ASSETS created and developed by the company (LANDS, ASSETS, Attributes, others)
TSB is a decentralised game/metaverse that is developed and operated by Animoca, but not owned by Animoca. SAND holders can be viewed as the owners - their votes will govern how it evolves.
If Animoca held 20% of SAND, then they would earn the following from marketplace transaction fees:
5%/2/20% = 0.5%Animoca also generate revenue from LAND sales (but there is a finite supply), premium NFTs (equivalent to in-game items) and subscriptions.
Sky Mavis get paid a maintenance fee for operating Axie, but I'm not sure how this fee is calculated. Presumably Animoca has a similar arrangement, but this has not been disclosed. Given that 2.5% of every transaction goes to the Foundation Pool, my guess is that some of these funds are used to pay Animoca a maintenance fee.
