CID NFT and Mini Point Redemption Protocol
The value of CIDs is based on the number of digits, watermarks, design, mining power and rarity of existence (for e.g. the ‘kusama edition’ NFT are just 100 sets in existence). Users often desire lesser digits CID numbers due to the increasing difficulty of obtaining it. The 6, 7 and 8 digits cannot be obtained by registration anymore except giveaways, auctions or exchange among users. We came up with a unique idea for users to use their Mini-points and CID NFTs to acquire a lesser digit CID.
ComingChat has made it possible for users to exchange their Mini-points for CID NFTs. Users with CID NFTs also have an option to exchange for lesser digit CID NFTs.
How can users get more CIDs with lesser digits?
User either redeem Mini Points for a CID or users can redeem CID with lesser digits CID.
Mini points redemption rules for CID
100 mini points can be redeemed for 1 random 8-digit CID
30 mini points can be redeemed for 1 random 9-digit CID
15 mini points can be redeemed for 1 random 10-digit CID
5 mini points can be redeemed for 1 random 11-digit CID
2mini points can be redeemed for 1 random 12-digit CID
Mini points redemption designated address:
● Every redemption should be sent from one address.
● Every redemption should be sent in one single transaction.
● If the transaction is less than 2 Mini-points, users will not receive any redemption and the Mini-points for redemption will not be refunded.
● Every redemption is non-refundable.
● Redeemed NFT will be released to sender’s address in 30 minutes.
CID Digit Redemption
Two 12-digit CID NFT’s = One 11-digit CID NFT
Two 11-digit CID NFT’s = One 10-digit CID NFT
Two 10-digit CID NFT’s = One 9-digit CID NFT
Five 9-digit CID NFT’s = One 8-digit CID NFT
CID redemption designated address:
● The CID NFTs for redemption must be transferred within 24 hours to be successfully accepted.
● Please remember to send all CIDs from the same account
● Never send the CID NFT you have used to login on the ComingChat App
● All transactions will be charged 1.25 Mini Point as gas fee.