Frequently Asked Questions
NFTR is an NFT naming Registry on the Ethereum blockchain.
NFTR can be affectionately referred to as Nifter.
The RNM token is the vehicle through which users can name their NFTs, or share in the platform via staking.
Hold Farming: RNM can be farmed by Holding a curated NFT with a registered name (proportional share of 9 million RNM across 3 months per curated project)
Stake Farming: Staking RNM to the RNM token contract (proportional share of 168 million RNM across 24 months)
GTK Spending: Spend a Golden Ticket (proportional share of 75 million RNM across 12 months)
Naming Rewards: Earn RNM rewards for naming NFTs (proportional share of 234 million RNM across 24 months)
An NFT’s name, redemption rights to unclaimed RNM, and future RNM accrual rights transfer to the NFT’s new holder.
NFTR will be live on the Ethereum blockchain.
Initially, NFTs can be named for 0.05 ETH. Beginning on day 91 of a live RNM token, NFTs can be named for the user's choice of 1000 RNM or 0.05 ETH.
100% of ETH proceeds are distributed to RNM Stakers (90%) and GTK stakers/spenders (10%) beginning upon the launch of the RNM token. Prior to the token launch, accrued ETH will be allocated by the Nifter team to serve as trade pair liquidity, in addition to permitting team expansion and project marketing.
Upon the launch of the RNM token, 100% of RNM proceeds will be burned.
10% of platform ETH revenue will be split pro-rata to GTK spenders and stakers, with both staked and spent tickets being counted equally. However, spent GTKs will receive platform revenue share perpetually, whereas staked tickets will benefit only while they are staked.
The logo depicts a baby being baptized, symbolic of the naming of an NFT, as well as the burning of the RNM token within the naming process.
Yes, Curated project holders can activate Hold Farming by naming their Curated NFT (free + gas).
The team hasn't decided upon what will happen with inaccessible special names. It's possible they will be orphaned, inaccessible forever.
Golden Ticket Spenders will remain eligible for GTK Holder benefits. They will not be able to participate in future opportunities that may involve Spending GTKs, since they have already Spent theirs.
Yofiss - Developer
JackSanYoda - Developer