You’ll see the term ‘average price’ used on Royal to capture the average of what a given set of tokens is trading at.
Avg. price is the average USD price of the last 5 tokens sold, calculated by tier.
- If there are less than 5 sales, we use the average price of all of the sales.
- If there are 0 sales, we use the original list price of the token.
Many NFT projects use floor prices to calculate collection value. We do not, for the following reasons:
- Our collections have multiple tiers of tokens inside of each collection. A 'floor price' as it is represented on OpenSea will only track the lowest price of the lowest tiered token. This does not reflect the price of a Platinum or Diamond token.
- Trailing average per tier is a more accurate metric of what the market values the token at. In the future, this will also allow us to better convey the value of tokens with consumed extras vs. those with unconsumed extras.