Presentation is loading. Please wait.

Presentation is loading. Please wait.

Q: What is an ERC-721 Token? A: ERC-721 is a free, open standard that describes how to build non-fungible or unique tokens on the Ethereum blockchain.

Similar presentations


Presentation on theme: "Q: What is an ERC-721 Token? A: ERC-721 is a free, open standard that describes how to build non-fungible or unique tokens on the Ethereum blockchain."— Presentation transcript:

1 Q: What is an ERC-721 Token? A: ERC-721 is a free, open standard that describes how to build non-fungible or unique tokens on the Ethereum blockchain. While most tokens are fungible (every token is the same as every other token), ERC-721 tokens are all unique. 

2 Q: How are the Kubo ERC-721s unique?
A: Each Kubo ERC-721 is unique by serial number that allow for tracking and connection to the precious metal backing each token.

3 Q: How are each Kubo ERC-721 backed?
A: Kubo, Inc., has entered into a contract with a precious metals company, which will place on reserve the backing metal of each token once each token is sold.

4 Q: How are these ERC-721 tokens backed?
A: Each KuboGold is backed by 1/20th (0.05) of an ounce of Gold held in reserve. Each KuboSilver is backed by 1/10th (0.10) of an ounce of Silver held in reserve. *Value is based off of spot price and changes daily.

5 Q: How do I convert these tokens to Gold or Silver?
A: Once you collect enough tokens to convert to a physical gold or silver piece you will go to the redemption section of KuboGold.com and follow the process.

6 Q: Can we see the contract?
A: Due to Non- Disclosure we have been authorized to show the redacted version.

7 Q: If these ERC-721s are purchased with Kubo, will those Kubo be burned?
A: No. As Kubo, Inc., has to make a payment to the precious metals company every time a token is sold, then Kubo, Inc., must have a way to pay for the backing metals.

8 Q: Can I use my KuboGold or KuboSilver towards a MasterNode?
A: Yes. We will provide a link on KuboGold.com to convert you KuboGold or KuboSilver to the 20M Kubo needed for a locked MasterNode.

9 Q: When can I buy KuboGold or KuboSilver?
A: Starting August 1, 2019.


Download ppt "Q: What is an ERC-721 Token? A: ERC-721 is a free, open standard that describes how to build non-fungible or unique tokens on the Ethereum blockchain."

Similar presentations


Ads by Google