DMEX NFT

1. What is mining power NFT?

NFT stands for non-fungible token. What does fungible means? For example, popular tokens like BTC and ETH are both fungible tokens. Every BTC or ETH token is identical, they all have the same value and are completely interchangeable. On the other hand, non-fungible token is not interchangeable. Every single NFT is unique and one of its kind.

2. Why does DMEX tokenize mining power into NFT?

This is because every mining power product on DMEX is different and unique. Those differences include node information of the mining power providers, mining power valid period, quantity of effective mining power, the corresponding mining incomes, etc. These variables are better represented by NFT.

NFT are easily tradable, this feature makes Over-The-Counter tradings and DeFi activities much more convenient.

3. Can I sell my mining power NFT to others?

The answer is YES. The tokenization of mining power makes it possible for everyone to easily buy and sell mining power, this greatly improved mining power assets' liquidity. You are free to trade your mining power NFT on the DMEX marketplace at any time.

4. What are the advantages of DMEX mining power NFT?

By tokenizing effective mining power into NFT, DMEX greatly lowers the entry barriers for average users to participate in crypto mining. You need only to buy NFT to obtain the corresponding mining incomes. You can trade your mining power NFT on DMEX marketplace at any time. Meanwhile, you can also participate in various DeFi activities to earn multiple mining incomes. The advantages of DMEX mining power NFT are multi-fold:

a. Profitable. DMEX provides only effective mining power from quality mining machine vendors. You can buy mining power NFT product today and start earning mining income tomorrow.

b. Transparent. DMEX tokenizes mining power into NFT and uploaded it to the blockchain, thereby all records of mining power NFT are tamper-proof. You can easily verify your NFT details at any time.

c. Tradable. You can sell your mining power NFT on DMEX marketplace at any time.

d. High liquidity. With mining power NFT, you can participate in mining power NFT collateral loan to earn a higher mining income.

5. How do I check the mining income of my FIL mining power NFT ?

Filecoin is designed to reward long term network contribution. 25% of the mining rewards are made immediately available to improve FIL miners' cash flow and short-term profitability. 75% of the mining rewards will be released linearly over a 180 days period to guarantee FIL miners long-term profitability You can check your mining income in the DMEX DApp on the 'My NFT' page.

6. What are some key numbers on DMEX's mining power NFT?

The price for our newest FIL mining power NFT product is 15 FIL per T. You will also receive a 15 FIL cashback after 540days. You can also opt to extend the mining period to 1080 days.

DMEX charges 20% of the total mining income as service fees. The rest of your mining income will follow the official Filecoin mechanism: 75% of the block rewards will be released linearly over 180 days while 25% are made immediately available to improve miner's cash flow and short-term profitability.

7. What does it mean that when I paid 15FIL to purchase 1TiB of FIL mining power, I will get a 15 FIL cashback after 540days? So your mining power NFT is essentially free? How do you make money then?

DMEX mainly makes money on the platform service fees. There are other centralized platforms selling FIL mining power at a lower price but with zero cashback. You are free to compare the current price and future income potential between DMEX and other platforms.