Tokens & NFTs

A collection defines how many tokens back one NFT. With one billion tokens and one million tokens per NFT, the initial maximum is 1,000 NFTs. Whole backing allocations held by participating wallets determine their token-backed NFT count. Infrastructure contracts can opt out of NFT materialization.

A token-backed NFT is not yet an earning NFT. If your balance drops below its backing requirement, an unactivated NFT can be dissolved. The token and NFT sides are synchronized by the collection’s transfer rules; selling an unactivated NFT also moves its backing allocation. Do not treat the two as independent assets you can sell twice.

When a token purchase materializes an NFT, the collection can request its artwork using Pyth Entropy. You do not need to burn tokens to reveal it. The placeholder remains visible until the random result has been delivered. Requests and delivery are asynchronous, so reveal is not guaranteed to complete in the purchase transaction.

The collection needs an ETH reveal reserve. If funds or delivery are unavailable, the NFT stays pending rather than receiving a predictable fallback. Once fulfilled, the assigned artwork cannot be rerolled. An unactivated NFT that later dissolves returns its artwork to the available set for a future draw.

Activation burns one full backing allocation and makes its NFT permanent and eligible for the collection’s funded NFT rewards. It preserves the assigned artwork. Activation is irreversible: this release has no door that burns an activated NFT to recover the original tokens.

A permanently activated NFT can be transferred or sold independently of the tokens that were burned. It no longer dissolves when its owner’s fungible-token balance decreases. Receiving or buying enough tokens alone does not activate rewards.

Burning permanently gives up the token allocation. Rewards depend on actual funding and are not guaranteed.

Total token supply decreases when tokens are actually burned. Activation converts the holder’s economic position into a permanent NFT; a buyback burn retires tokens without creating an earning NFT for the buyback contract.

Initial backing value is the initial token price multiplied by tokens per NFT. It is not an NFT floor guarantee, cash held in reserve, or a promise that the NFT can be redeemed for that amount. Secondary NFT prices depend on listings and demand.