A secure way to lock your NFTs for a specific time period. Ideal for controlled NFT distribution and ensuring that team or special edition NFTs are transferred only when intended.
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Lock Your NFT
- Choose the NFT you wish to lock.
- Specify the beneficiary who will receive the NFT when the lock period ends.
- Set the lock duration.
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During the Lock
- Only the beneficiary can extend the lock duration.
- All lock details are publicly viewable.
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When Lock Ends
- Anyone can trigger the withdrawal
- Only the beneficiary account will receive the NFT
- All fees are paid in DAVINCI tokens
- Maximum fee: 200 DAVINCI
- Fee structure:
- Creating a new lock: 50 DAVINCI
- Extending lock duration: 50 DAVINCI
- No fees for:
- Withdrawing unlocked NFT
- Checking lock information
- Token association operations
- Some accounts can be fee-exempt
- Hedera NFTs (excluding those with royalties and fallback fees).
- NFTs with royalties and fallback fees.
- Multiple NFTs in one lock (each NFT requires an individual lock).
- Creator: Person who creates and sets up the lock
- Beneficiary: Person who receives and withdraws NFT can be the Creator or different people!
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Beneficiary can:
- Extend the lock duration
- Withdraw NFT after lock ends
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