sBWPM

Membership Tokenization

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

Deposit 1BWPM in sBWPM contract and get 1sBWPM. There will be a swap fee.

Withdraw

Return 1sBWPM to sBWPM control and receive 1sBWPM. There will be a swap fee.

BWPM ↔ sBWPM 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.