Navigating the World of NFTs
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Questions and Answers

What is the recommended action before making any purchase or trade in the NFT market?

  • Conduct your own research and due diligence (correct)
  • Ignore the risks associated with the market
  • Assume that the market is stable and reliable
  • Trust the guarantees and warranties provided by the market

    • What is the fee to create a single NFT through the NFT factory?

  • 1 EBEN
  • 10 EBEN
  • 50 EBEN
  • 5 EBEN (correct)

    • Who is responsible for the availability of the image URL for a created NFT?

  • The token creator (correct)
  • BenSwap
  • NFT Market Watcher Group
  • NFT Factory

    • What is the main disclaimer regarding the NFT market?

    <p>The market is subject to manipulation and fraud</p> Signup and view all the answers

    What is the fee to create a single NFT using the NFT Factory?

    <p>5 EBEN</p> Signup and view all the answers

    Who is responsible for the availability of the image URL of a created NFT?

    <p>The token creator</p> Signup and view all the answers

    Question 1

    <p>What are some risks associated with participating in the NFT market?</p> Signup and view all the answers

    Answer 1

    <p>The NFT market is highly speculative and volatile, with fluctuating and unpredictable values, and is subject to manipulation and fraud. Participating in the market carries significant risk.</p> Signup and view all the answers

    Question 2

    <p>What is the fee to create a single NFT through the NFT Factory, and what happens to the fee?</p> Signup and view all the answers

    Answer 2

    <p>The current fee to create a single NFT is 5 EBEN, and 100% of the fee is directly burned and cannot be refunded.</p> Signup and view all the answers

    Question 3

    <p>Who is responsible for the availability of the image URL for an NFT created through the NFT Factory?</p> Signup and view all the answers

    Answer 3

    <p>The token creator is responsible for the availability of the image URL for an NFT created through the NFT Factory. BenSwap does not copy or custody the image during the process.</p> Signup and view all the answers

    By purchasing or trading in NFTs, you assume all ______ associated with the market.

    <p>risk</p> Signup and view all the answers

    Our NFT market works for any ERC721 contracts that support the interface of ______.

    <p>ERC721Enumerable</p> Signup and view all the answers

    Anyone can conveniently create tokens through our NFT factory. We are not responsible for the meaning, validity, image availability, image uniqueness, etc. of the created NFTs.

    Signup and view all the answers

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