- 5L Total Items
- 10 Total Owners
- $300 Floor Price
Launchpad to Buy Your Sandalwood NFT
Join our exclusive NFT Launchpad and mint your very own Sandalwood NFT, a digital asset backed by real-world value. Each NFT is minted on top of the UBIT Smart Chain, ensuring security, transparency, and seamless transactions.
Eco-Friendly Investment: Each NFT represents a real sandalwood tree, bringing you closer to nature while building wealth.
Resalable After 180 Days: You can resell your Sandalwood NFT in the marketplace after 180 days, once the tree has matured to a valuable stage.
A Journey from Seed to Tree: The Growth of Your NFT
Our NFTs are dynamic, evolving just like the trees they represent. Over time, your Sandalwood NFT will visually update to reflect the growth of your tree:
Seed Stage: Initial NFT represents the planting of your sandalwood tree.
Plant Stage: After 6 months, your NFT evolves into a young plant.
Tree (Layer 1): At the 12-month mark, your NFT updates to a developing tree.
Plant Stage: After 6 months, your NFT evolves into a young plant.
This unique lifecycle makes each NFT not just a collectible, but a growing asset that parallels the natural development of your tree.
Advantages of Sandalwood Tree NFTs
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1
Unlimited Potential
Sandalwood NFTs provide an opportunity for investors to participate in an eco-friendly and sustainable venture with virtually unlimited potential. As the sandalwood tree grows, so does its value. The scarcity of sandalwood and its high demand in industries such as cosmetics, perfumes, and medicinal products contribute to the increasing worth of each NFT over time. Furthermore, NFTs on the blockchain allow seamless fractional ownership and future innovations like tokenizing other valuable assets, making the investment landscape ever-expanding.
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Immutability
One of the most crucial aspects of blockchain technology is its immutability. Once a transaction or record is made, it cannot be altered or deleted. This ensures that your investment in Sandalwood Tree NFTs is permanently and securely recorded on the blockchain.
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3
Easy to Buy and Sell
Sandalwood Tree NFTs are designed with user convenience in mind. Our platform makes it easy for users, whether experienced in blockchain or not, to purchase, hold, and eventually resell these NFTs.
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4
Transparency
Transparency is at the heart of blockchain technology, and with Sandalwood Tree NFTs, every aspect of your investment is visible and verifiable. This includes tree planting, growth stages, environmental impact, and financial returns, all tracked and viewable on the blockchain.
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5
Ownership Protection
When you invest in a Sandalwood Tree NFT, your ownership is securely protected by the blockchain’s decentralized nature. Unlike traditional investments, where ownership records can be lost, forged, or altered, NFT ownership is secured by cryptographic signatures and recorded on a distributed ledger.
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Security
The UBIT Smart Chain on which your Sandalwood NFTs are minted ensures the highest level of security. Blockchain technology is resistant to hacking, fraud, and unauthorized alterations, making it one of the most secure systems for handling digital assets.
Frequently Asked Questions
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What types of NFTs are available for minting?
All NFTs available for minting fall under a single collection. They start as a "Seed" and automatically upgrade to "Plant" and "Tree Cover" over time. Each NFT is a unique ERC-721 token.
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Where is the NFT metadata stored?
All NFT metadata, including the Seed, Plant, and Tree covers, are stored securely on IPFS using Pinata. This ensures the decentralized and immutable storage of metadata.
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What are the available payment options for minting NFTs?
Users can mint NFTs using UBIT Coin. Users are responsible for covering the NFT price along with the gas fees.
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How does lazy minting work on the Launchpad?
In lazy minting, the NFT is not immediately minted when the metadata is created. Instead, it is minted on-chain only when the user decides to purchase it, making the process more gas-efficient.
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Is there a marketplace fee for buying and selling NFTs?
Yes, there is an application fee of 4% for both buying and selling NFTs in the Marketplace.
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How does the upgrade mechanism work for NFTs?
The NFT automatically upgrades from Seed to Plant, Plant to Tree (Layer-1), and Tree (Layer-1) to Tree (Layer-2) over 6-month intervals, starting from the date of minting.
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Can I re-list my NFT in the Marketplace?
Yes, once you hold an NFT, you can list it for sale on the secondary marketplace.
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What purchase modes are supported in the marketplace?
The Marketplace supports two purchase modes: Instant Buy and Bidding. Bidding will be enabled 24 hours after the NFT is listed for sale in the marketplace.
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What happens if I sell my NFT before it reaches the next upgrade stage?
The new owner of the NFT will continue the upgrade process from where it left off, based on the original minting date. This ensures that the value of the NFT reflects its growth over time.
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Why UBIT Smart Chain?
The UBIT network is chosen for its robust security, wide adoption, and strong support for decentralised applications. It provides a stable and reliable environment for minting, buying, and selling NFTs.