sBWPM
Membership Tokenization
Last updated
Was this helpful?
Membership Tokenization
Last updated
Was this helpful?
sBWPM is a (FT) token obtained by depositing BWPM (NFT). 1sBWPM guarantees 1BWPM.
sBWPM is a smart contract compliant with ERC20 (KIP7) specification and supports switching between BWPM ↔ sBWPM. BWPM holders deposit BWPM in smart contract and obtain sBWPM tokens. You can switch the sBWPM token back to BWPM via the same smart control.
sBWPM is a Klaytn Compatible Token (KCT). Therefore, it can be exchanged for KLAY and other KCT tokens (KDAI, KUSDT, KSP, etc.).
Deposit 1BWPM in sBWPM contract and get 1sBWPM. There will be a swap fee.
Return 1sBWPM to sBWPM control and receive 1sBWPM. There will be a swap fee.
A fee (10KUSDT) will be charged for switching between BWPM and sBWPM. Swap fees are passed to Treasure contract and distributed to BWPM holders.
