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Minting NFTs

Newly minted NFTs can only be purchased from the MetFi app. NFTs are purchased with BUSD. Standard transaction gas fees on BSC are paid in BNB with a recommended minimum of 0.01 BNB required.

Users login and connect to the app with a BSC compatible DeFi wallet such as TrustWallet or MetaMask but any WalletConnect compatible wallet should work. Once inside the app, the user selects the NFT that they wish to purchase and any additional MFI tokens that they want to buy and stake to the NFT. Buying additional MFI tokens is optional. 10% of the value of the NFT is gifted to the user as complimentary MFI tokens and automatically staked to the NFT at the time of purchase.

Purchasers are asked to choose a username that will serve as their referral link. Skipping this step will create a system-generated username that the user can change at a later date. The username is stored on-chain in the NFT so changing it later will incur a small transaction fee (gas).

The purchaser may or may not be asked to enter the username of a referrer. If the purchaser accessed the app via a referrer link this field will not appear as the referrer data is stored in the purchaser’s web browser after the app has loaded. If the purchaser did not click a referrer link to enter the app they will be asked to enter the username of a referrer, if they don’t have one they can ignore this field and complete their NFT purchase.

If a new user is interacting with the app for the first time and is purchasing an NFT they will need to approve the spending of the BUSD in their wallet. This is standard procedure for all DeFi platforms and does not give MetFi the ability to spend any of those funds without their explicit prior consent.

After approving that BUSD can be spent the user is presented with a refreshed button which when clicked asks them to approve the purchase of the NFT and any additional MFI tokens that they are purchasing.

After the NFT has been purchased it is placed in the appropriate matrix(s) and the purchaser gains full access to the MetFi platform.

To prevent overbuying of NFTs there is a limit of one wallet per MetFi account.