---
title: Setting up Royalties
slug: setting-up-royalties
docTags: 
createdAt: 2023-02-24T12:56:55.000Z
---

:::hint{type="warning"}
To gain royalties you will need to connect your own personal digital wallet so that said royalties have a destination.
:::

To create a new smart contract with royalties you can either click the "Contracts" button from the dashboard, or head over to the "Contracts" tab in the navigational bar and create a new contract from there.

![](https://api.archbee.com/api/optimize/iVnwL3VK0gwA09LzaHI_R/ElneLoi8a3smH8tdId4Yz_image.png)

## Royalty Amount

During the creation of a smart contract you will have the option to add royalty amount through the "Royalt Fee Points" field.

The following is a conversion of how the points translate into percentages of sales

| Fee Points | Percentage of Sale |
| ---------- | ------------------ |
| 1          | 0.01%              |
| 10         | 0.1%               |
| 100        | 1%                 |
| 1000       | 10%                |
| 10000      | 100%               |



![](https://api.archbee.com/api/optimize/iVnwL3VK0gwA09LzaHI_R/eV5C9wTWrKwakyNKJKbuV_image.png)