Ready to start buying and collecting celebrity contracts? Here’s a rundown of how CryptoCelebrities works:
Every available celebrity has one smart contract token. If you buy it, you own it – nobody else can touch it unless they pay you double the price you originally paid for the contract.
Celebrity smart contracts are visible on the Ethereum blockchain, and can only be purchased with Ether. Just like cryptocurrencies, every contract acts as a “coin” or “token” and can only be owned by one person.
You can purchase any celebrity contract that strikes your fancy, as long as you’re willing to pay the price. In the same vein, anyone can purchase your contracts as long as they’re willing to send you 2X what you originally paid for the contract.
(note: hard coded value appreciation is 2X from a contract price of 0 ETH to 0.05 ETH, 1.2X from 0.05 to 0.5 and 1.15X from 0.5 ETH and up).
While you might get a bit misty-eyed over not owning Angelina Jolie’s celebrity smart contract anymore, you won’t baulk at the return on investment. And if you want it back, all you have to do is repurchase it for the new price. Either way, you’ll always be visible on the blockchain as having owned the contract – even if you only owned it for a few minutes.