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Phygital Mining

Token-Generating Fashion Collections

Tokenomics

  • Tokenomics Token burn, buyback, no team allocation More →
  • Boosters Enhance rewards with boosting NFTs See how →
  • Achievements Engage with gamification mechanics Explore →

Frequently
Asked
Questions

What is Phygital Mining?
Phygital Mining is our innovative concept that bridges physical fashion with digital tokens and collectibles. It refers to the process where our fashion items, embedded with NFC technology and linked to unique NFTs, can generate digital tokens when scanned. This creates a unique ecosystem where your style interacts with blockchain technology, allowing you to own both physical and digital fashion assets.
What are NFT collectibles in Phygital Mining?
In our ecosystem, each physical fashion item is paired with a unique NFT (Non-Fungible Token). This NFT serves as a digital collectible, representing ownership of both the physical item and its digital twin. These NFTs can have varying rarity levels, special attributes, or unique designs, making them collectible items in their own right within the digital realm.
What is a digital twin?
A digital twin in Phygital Mining is a virtual representation of your physical fashion item. It exists as part of your NFT and can be viewed, displayed, or potentially used in digital environments. This digital twin enhances the value of your physical item by giving it a presence in the digital world, allowing for new forms of interaction and display.
How do I buy these token-generating fashion items?
The process involves purchasing an NFT that corresponds to a physical item:
  • Browse our collections on the website and select the item you want.
  • Purchase the corresponding NFT through our platform.
  • Provide your physical address for shipping the item.
  • Receive your physical item with the embedded NFC chip.
Each physical item is uniquely paired with an NFT, ensuring authenticity and enabling token generation.
How does the NFT relate to my physical item?
When you purchase an NFT from our platform, it represents ownership of both the physical fashion item and its digital twin. The NFT is simultaneously minted and linked to a physical item with an NFC chip. This pairing process ensures security and authenticity. The NFT serves as a digital certificate of ownership, enables the token-generating functionality of your physical item, and allows you to interact with your digital twin in various digital environments.
Can anyone steal my tokens or digital assets from my fashion item?
No, your tokens and digital assets are securely linked to your NFT and personal account, not physically stored in the item. The NFC chip in your garment acts as a key to generate tokens, but claiming them requires both scanning the physical item and connecting the wallet containing the corresponding NFT. This dual authentication process ensures that only the rightful owner can claim tokens and access the digital twin.
How do I claim tokens and how often can I do it?
To claim tokens:
  • Use your smartphone to scan the NFC chip embedded in your fashion item.
  • You'll be directed to our website where you need to connect the wallet containing the NFT that corresponds to your physical item.
  • Once authenticated, you can claim your tokens.
You can do this daily to generate new tokens. The process ensures that only the owner of both the physical item and the corresponding NFT can claim tokens.
What can I do with my tokens and digital twins?
Tokens and digital twins can be used within our ecosystem in several ways:
  • Access exclusive digital content and experiences
  • Participate in governance votes for future collections
  • Get priority access to new product launches
How many tokens can I claim?
The number of tokens you can claim is based on our distribution model. For each new collection, 0.5% of the remaining tokens allocated for distribution are released. This means the number of available tokens may vary for each collection. The specific amount you can claim will depend on the item you own and the current distribution phase. Check the details of your NFT and the current collection information for more specific numbers.
What happens if my token-generating fashion item is damaged?
If your physical item is damaged, please contact our customer support. Depending on the nature of the damage, we may be able to repair or replace the NFC chip. In some cases, we might issue a new physical item and update the linkage to your existing NFT, ensuring you retain your token-generating capabilities and ownership of the digital twin.
Can I transfer my tokens, and how do NFTs relate to token claiming?
  • Tokens can be transferred between users within our ecosystem.
  • To claim tokens, you must own the corresponding NFT for a physical item.
  • Each NFT provides different boost levels for token generation, making some NFTs more valuable than others.
  • NFTs themselves are collectibles, each with unique attributes and potentially varying rarity.
  • You can trade or sell your NFT, transferring both the right to claim tokens and the collectible aspect to the new owner.
This system ensures that NFT ownership is crucial for token generation while also creating a dynamic collector's market for our digital fashion assets.
How do NFT boosts work?
  • Boosts can increase the number of tokens you can claim from your physical item.
  • There are three main types of boosts:
    • Time-limited boosts: Active for a specific duration (e.g., 6 month, 2 years)
    • Claim-limited boosts: Valid for a set number of claims (e.g., 30 claims)
    • Random boost percentages: Randomly generated, ranging from 0% to 20%
  • Boost levels may vary based on the rarity, collection, or special attributes of the NFT.
  • You can view the boost details of your NFT in your digital wallet or on our platform.
  • Strategically using boosts can significantly enhance your token generation capabilities.
This dynamic boost system adds an exciting layer of strategy and value to collecting our NFTs, beyond just the visual and collectible aspects. It encourages active engagement and creates a more dynamic token generation experience.
What makes your NFTs collectible?
Our NFTs are highly collectible for several reasons:
  • Unique Digital Art: Each NFT features a distinct digital representation of its corresponding physical item.
  • Rarity Levels: NFTs come in various rarity tiers, from common to ultra-rare.
  • Special Attributes: Some NFTs may have unique characteristics or abilities within our digital ecosystem.
  • Limited Editions: Certain collections or items may be released in limited quantities, increasing their collectible value.
  • Historical Significance: Early or special edition NFTs may gain value based on their place in our platform's history.
  • Boost Variations: The varying boost levels add another dimension to collectibility and value.
Collecting our NFTs offers both aesthetic pleasure and potential functional benefits within our ecosystem.
PHYGITAL MINING OFFERS
  • Exclusive Fashion NFTs
  • Token Generation via NFC
  • Digital Twin Technology
  • Limited Edition Collectibles
  • Community Governance
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