Royalty Split Address
Split your royalties to different wallets
Cardano uses the CIP-0027 standard for Royalties, which allows only one address to be used as the receiver address and it also cannot be changed later. With the Royalty Split Address, you can now specify an address that receives royalties and distributes them in different percentages to multiple receiver wallets. It also has the significant advantage of allowing you to change the receiving addresses at any time. You can also use an adahandle as the receiver address, which is useful if the project owner changes.
Go to the Royalty Split Address tab.
In the next step click on 'create new split address'.
Royalty Split Address tab
A new tab will open where you can enter all of the details about the new split address. Please double-check the values you're about to enter here, especially the percentages and addresses or adahandles.
Please provide a unique description for the royalty split address; this will help you in identifying the correct address if you set up multiple royalty split addresses in your account. The primary receiver address is the one that receives the majority of the royalties.
Split addresses can receive up to 50% of the total. Please click the '+' button to add more than one split address. Except for the main address, the split addresses also allow you to specify a date range for each receiving address individually. After you've entered all of the addresses, make sure to activate each one separately.
The threshold is the amount of ADA collected before the distribution begins, which aids in reducing micro-transactions. Every outgoing transaction of the Royalty Split Address takes 2ADA, therefore it makes sense to use a higher threshold to keep the cost low.
After entering all of the details, make sure to activate the Royalty Split Address and click'save'.
By clicking on the edit button in the actions bar, you can change all details of the royalty split address except its own address, such as receiving addresses, percentages, and so on. You can change the information at any time.
Edit your Royalty Split Address
Add your changes and then click on 'save'.
In case you want to use the Royalty Split address with only one receiving wallet because you want to take advantage of the editability, you can do so.
Use the Royalty Splitting address with only one receiver
Enter your wallet address in the 'Main receiver' field and the same address in the'split address' field. Give it any percentage between 1% and 50%; the exact value is irrelevant because you will deactivate this split address. Click on 'save'.
You have complete control of the Royalty Split Address. When you click the 'Export Keys' button, a Zip file containing your address, the sKey, and the vKey will be downloaded.
Export your Keys
If you want to use the royalty split address manually, you can actually import the keys with ADAlite.
Clicking the 'Transactions' button gives you an overview of all incoming as well as outgoing transactions of the address and can be easily exported as csv.