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  1. NPICK Utility

NPICK Swap

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Last updated 2 years ago

NPICK coins and SNS platform tokens are not flowed out of the NPICKBLOCK platform.

If a user who wants to hold or utilize NPICK coins in an external wallet transfers the NPICK coins externally, NPICKBLOCK swaps them to NPICK tokens via the NPICK Swap and sends them to the external wallet. Since SNS platform tokens are minted based on assets that SNS platform stocked with NPICK coins, if you want to send SNS platform token assets to the outside, you must swap them with NPICK coins and send NPICK coins to the outside wallet.

The NPICK coin is minted and burned through the NPICK Swap every time the user flows the NPICK token in and out.

In NPICKBLOCK NFT Marketplace, NFTs of various products and services are sold as either NPICK coins or SNS platform tokens, so if your NPICK coins or SNS platform tokens are insufficient for NFT purchases, NPICK coins or SNS platform tokens can be exchanged for NFT purchases by NPICK Swap.

[Figure 8. NPICK Swap]