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Frequently Asked Questions
What is NFT?
The Non Fungible Token (NFT) is a unique digital creation based on blockchain technology. Any intellectual property created with creative thinking, such as paintings, digital images, recordings, sound, animations, and even Twitter screenshots, can be NFT.
What is a Marketplace?
NFT is a market that regulates all aspects of buying and owning digital creations, issuing ones own NFT, and selling to the secondary market. In the first two months of this year, $ 300 million worth of NFT works were sold worldwide. For example, Opensea, the world is largest market, exploded in January 2021 with sales of $ 86.3 million, just one month later, in February 2021.
What are the advantages of a DAO (Decentralized Autonomous Organization)?
This is the principle of decentralized management of blockchain technology. The advantage is that every NFT member in the market, regardless of individual or organization, has the right to express their views and vote. This principle is a new regime that is independent of anyone at a high level of development. For example, members of our Octagon marketplace will be able to join the DAO during its development and freely express their views on what additional services will be introduced in the future.
How reliable is the smart contract?
NFT is a smart contract that does not change the rights and obligations of both parties to the sale and purchase. The contract works on a decentralized DAO, which saves time and money without any intermediaries, and the advantage of automatic contract execution is that it builds trust.
What if you make a profit from farming?
NFT Farming, which operates in a decentralized finance environment, means that the NFT is purchased with the NFT purchased. Each farm has certain conditions, and the most interesting part is that members receive an NFT bonus as a reward each time they meet those conditions.
Who will pay for Gas Fee?
On blockchain technology, all transactions are made in cryptocurrency. All transactions in the most common currency, Ethereum (ETH), require a small fee each time a smart contract is entered into. This fee can be understood as an energy consumption fee. This fee has its own unit and is equal to 1 GWEI = 0.000000001 ETH = 0.000004 USD.
Is the Solana system the future?
It is an advanced open source blockchain project that allows the use of the technology required to implement decentralized system platforms. It aims to implement platforms on a large scale without any security. All Angry Red Buha Clubs BUHAs are a collection of digital bulls that live on this system.
What is Utility Direction?
NFT is the most advanced trend in digital asset development. It is a comprehensive tool for converting every unique work into NFT, not just digital art, such as music, art, and photography.
What opportunities does Perk offer?
NFT is a discount and bonus offered to all members by the marketplace. This means that NFT is not just a digital asset, but also a real estate equivalent. Behind each excellent NFT collection comes a lot of features.
Who benefits from a drop?
A surprise for the most loyal collectors in the NFT marketplace. For example, our Octagon marketplace team will distribute the Golden BUHA champion by Airdrop in the second quarter of 2022.
Who is eligible to use the Merch store?
Octagon marketplace In 2022, the BUHA collector will open a store for its exclusive members. As this store is paid by NFT, only ARBC collectors will be served, and each item will have a 30-70% discount.
Want to play Dragon Farming Play and Earn?
Members of the Angry Red Buha Club will be able to eat Dragon and produce Dragons with their BUHA. In addition to owning NFT, you can run your own farm and earn a share of the marketplace is net profit. We will be selling dragon eggs in very small quantities in the first quarter of 2022.
Collection
Angry Red Buha Club is a unique collection of 10,000 BUHA NFTs. Our members are divided into 6 main levels by collecting BUHA NFT. Depending on the level of the collector, there are many advantages, such as getting a discounted NFT and a share of the marketplace is net profit. ARBCs Golden Collector, for example, earns 10% of its monthly net profit.