Claiming and Burning NFTs for Coins

You can claim coins or receive more coins by burning your NFTs from the collection. Follow this step-by-step guide to navigate the process effectively.

Claiming Coins Using Your NFT

• Navigate to the Trading Page of the Collection

  • Go to the Trading Page of the NFT collection you hold.

  • Locate the Claim/Burn section on the page. This is where you can manage your NFT and claim coins or burn NFTs for additional coins.

  
• Click on "Claim"

  • In the Claim/Burn section, click the "Claim" button to begin the process of claiming your allocated coins.

  • You may be prompted to approve the transaction in your wallet.

• Approve the Transaction

  • Your wallet will ask for confirmation to approve the claim. Review the transaction details and approve it.

  • Once approved, the system will process the claim.

• Receive Coins

  • After the transaction is processed, your wallet will be allocated the specified number of coins.

Burning NFTs for More Coins

• Navigate to the Trading Page of the Collection

  • Visit the Trading Page of the NFT collection you wish to burn.

  • In the Claim/Burn section, locate the option for burning your NFTs.

• Click on "Burn"

  • To begin the burning process, click the "Burn" button.

  • A prompt will appear asking you to approve access for burning your NFTs.

• Approve the Access Request

  • Review the prompt and approve the request to allow the platform to access your NFTs. This action grants the platform permission to burn your NFT.

• Confirm the Burn

  • After granting access, you will need to click the "Burn" button again to send your NFT to the burn address.

  • Once you confirm, your NFT will be permanently burned and removed from your wallet.

• Receive More Coins

  • Upon successful burning, you will be rewarded with more coins.

  • The number of coins you receive will be based on the burn mechanism defined by the collection.

Important: After burning your NFTs, they cannot be recovered and also cannot be used to claim, so ensure you are certain before proceeding.

Notes:

• Coin Allocation After Claiming or Burning: Coins kens will be allocated to your wallet immediately after the transaction is processed and confirmed.

• Wallet Approval: Always approve transactions in your wallet to complete the claim or burn process.

• Trading Coins from Claiming/ Burning: The coins claimed will be locked from trading until the coin has hit Uniswap. It will then be unlocked and becomes tradeable on Uniswap and ERC721ex.