Tokenizing Items
Overview
Tokenizing an item is a new step forward to empower our players to monetize their virtual assets and efforts into monetary gain. Instead of purely relying on the $TOP token; we developed a system that allows the players to tokenize the NFTs and list it on OpenSea.
How does it work?
When player decides to tokenize their assets into NFTs, they will be paying a fee in $TOP. This fee is determined by several factors: Tokenization Speed and Tokenization Duration.
Tokenization Speed
It will cost a lot of money if we do the tokenization one by one, and won't be a sustainable business model for long term. Therefore, we developed the contract to have a Batch Mint mode; where we can mint multiple NFTs in 1 transaction.
Tokenization Speed means how fast you want the NFTs to be ready; the $TOP cost is proportional to how fast you want the tokenization occur. By default, we tokenize in batch of 5000 NFTs at once.
Tokenization Duration
We don't want the marketplace to be flooded with bunch of NFTs; therefore, tokenization should be a consideration, not just a click. The Duration means how long the NFTs until it's burned, the default is 24 hours, but players can opt into longer duration by paying more $TOP.
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