NEITH NFTs is the world's first NFT that conveys value via an underlying asset.
You can exchange NEITH NFTs for the covenanted amount of WEMIX at any time after the Covenant Date. NEITH NFTs is the world's first NFT that conveys value via an underlying asset.
The World's first protocol-based NFTFi
NEITH NFT combines DeFi and enables NFTFi, a decentralized protocol that facilitates Lending, Swaps, Staking, and more.
NEITH Vault and NEITH Altar
The NEITH Station consists of NEITH Vault, where the NEITH Covenant is stored, and NEITH Altar, where NFTs are burned. Claim to burn your NFT in the NEITH Altar receive the promised amount of affixed WEMIX.
You can purchase the NFT in the Marketplace via auction or fixed-price sales. The gas fees will be applied in WEMIX.
NEITH NFT can be traded freely at any time prior to the Claim, and holders can engage and communicate with others who own the same collection. Increase the value of your NFTs through collective potential.
Upon the Covenant Date, you can proceed with the claim process. By selecting Covenant Claim, the selected NEITH NFT is burned in NEITH Altar and the amount of WEMIX stored in NEITH Vault will be transferred to the Wallet.
* Gas fees will occur upon Claim.
The Neith NFT is based on the Appreciating Value of the asset, Neith Covenant, and incorporates both Utility and Premium Value, allowing the community to utilize the stability of NFTs in DeFi.
To determine whether an NFT has Utility Value, the following question must be asked: “Will owning this NFT enhance my life”. If the answer is “yes”, then the NFT is deemed to have Utility Value.
We expect the value of NFTs as assets to grow steadily over time. If you anticipate that the price of your NFT will increase after a year, you are expecting an increase in its Appreciating Value.
Premium Value is a new form of value that is not based solely on its utility or monetary worth, but rather on its mere existence and ownership.
NEITH NFT can be traded prior to the Claim. Make sure to check the claim status of the NFT you want to trade.
You can communicate with other NEITH NFT holders to increase the value of the NFTs. Meet up with NEITH NFT Holders in PAPYRUS!
Only the holder of the NEITH NFT is authorized to claim. Ownership transfer will not affect the Covenant Date.
*Each information may differ for each collection.
All NFTs will be burned upon Claim.
A prefixed number of WEMIX can be set in the NFT upon discussion with the NILE operations team, or NILE operations team may set a prefixed number of WEMIX prior to listing of the NFT for sale.
WEMIX under NEITH Covenant is stored in the NEITH Vault. The Vault address will soon be disclosed for transparent operation.
*Those who claim WEMIX will be subject to taxes, and related information will be included in the guide given when claiming.