> For the complete documentation index, see [llms.txt](https://docs.liquidroyalty.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.liquidroyalty.com/quick-start/royalty-token.md).

# Royalty Token

Royalty Tokens by default are **10% Royalty Tokens**, which means for every $10 sales a shop made, $1 will be tokenized and distributed to royalty token holders via Airdrop.

At each RTGE (Royalty Token Generation Event), it doesn't affect day-to-day operations of the merchants, but they are required to follow a **Low float High FDV** model with most of their tokens (74%) locked in a **Performance-Linked Stake,** and 10% of FDV are used to seed initial liquidity**.** Only if merchants hit their annual growth target (100%) a small portion of 10% is unlocked.

Royalty token holders will receive daily airdrops, and snapshot is taken daily shortly before the airdrop happens. 

Dividend deposits are done on a weekly basis - specifically every monday.

## Royalty Tokens List

* SAIL.r (Berachain)
  * Address: [0x59a61b8d3064a51a95a5d6393c03e2152b1a2770](https://berascan.com/address/0x59a61b8d3064a51a95a5d6393c03e2152b1a2770)