NFT Mechanism

Dynamic NFT Functionality

As an asset certificate, it records important information such as the lock-up period, the right to earnings, asset information, and levels. Users can check the earnings situation or conduct transactions through it at any time.

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NFT transactions

Note: After the trading, the NFT and associated assets will be transferred to the new buyer.

Seller's Operations:

Before withdrawal, the NFT representing the asset certificate can be sold directly on the secondary market like Magic Eden & OpenSea (Coming soon).

Notice: Once the NFT transaction is successful, the production of BGT rewards and BTCswap rewards belonging to this transaction will stop. However, the previously generated earnings can be claimed, and the Deposit tTERP and tTERP rewards will be transferred to the buyer simultaneously.

Buyer's Operations:

After purchasing the NFT, you can connect your wallet on TerpLayer stake to verify the assets and withdraw them after the unlocking of the staked position. If the staked position is not unlocked at the time of the transaction, the BGT rewards and BTCswap rewards will be recalculated and can be claimed by the buyer. If the staked position has been unlocked but not yet withdrawn at the time of the transaction, only the Deposit tTERP and the earnings will be transferred to the buyer. Attention should be paid to the risks due to the processing time of the transaction. If the staked position has been unlocked and the assets have been withdrawn at the time of the transaction, then selling the NFT at this time is meaningless.