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Redemption Bank
 * My Redeemables
   
 * Register as Issuer
   
 * Create Redeemables
   
 * Shatner Promotion
   

 * JUNGLE
   JungleWAX
   
 * Login
   
   
   


PLEASE LOG IN.


WHAT IS THE REDEMPTION BANK?

It's a place where issuers of coupons can designate some NFTs as redeemable, and
users can redeem the NFTs, creating an easy to find record for the issuer.


WHAT'S THE POINT?

The redemption bank makes it easy for non-blockchain things to be tokenized by
reputable parties. For example, an NFT can be redeemable for a physical object,
or for an item in a non-blockchain game.


HOW DOES IT WORK?

Redeeming an NFT meaning it gets transferred to the Redemption bank and burned.
The Redemption bank:

 1. ensures the NFT has been designated as redeemable
 2. helps the user create a memo with information required by the issuer
 3. creates an easy-to-find record on the blockchain for the issuer to use
    internally


EXPIRATION DATES?

The issuer specifies an experation date for all of the redeemables. Each NFT can
also have its own expiration date. It must be unix timestamp in an idata field
called "exp".

One does to supercede the other. To redeem a coupon, it must be before BOTH
dates.


FASCINATING! WHERE CAN I LEARN MORE?

Visit the Simple Asset Telegram channel.

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