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GMI Launchpad - 80% Refundable NFT

GMI Launchpad: 80% Refundable NFTs​

Welcome to the GMI Launchpad, where we prioritize safety and innovation in the NFT space on the Energi blockchain. One of our key offerings is the 80% Refundable NFTs, designed to protect both creators and buyers, ensuring a secure and trustworthy environment for all participants. Below, we outline the mechanics and benefits of our 80% Refundable NFTs.

What are 80% Refundable NFTs?​

80% Refundable NFTs provide a safety net for buyers by allowing them to refund their NFTs and recover 80% of the mint price at any time. This mechanism ensures that participants can invest with reduced risk, promoting trust and security within the Energi ecosystem.

How Does the Refundable Mechanism Work?​

  1. Funds Management:

    • When an NFT is minted, 80% of the mint price is stored in a smart contract and 20% of mint price is transferred to collection owner.
    • Creator will get 20% of each NFT sales directly in his wallet.
    • The remaining 80% is locked in the contract for potential refunds, ensuring funds are always available for buyers who wish to refund their NFTs.

  2. Refund Process:

    • NFT holders can initiate a refund at any time, recovering 80% of the mint price.
    • Upon refund, the NFT is burned, removing it from circulation.
    • The burned NFT becomes available for minting again, maintaining the same tokenId and tokenURI.

Benefits for Creators​

  • Primary Revenue Source: Creators are encouraged to focus on earning through royalties. This incentivizes the development of high-quality projects that continue to generate value over time.
  • Project Funding: By allowing creators to withdraw 20% of the mint price, they have the necessary resources to build and enhance their projects.

Benefits for Buyers​

  • Reduced Risk: The ability to refund NFTs for 80% of the mint price significantly lowers the financial risk for buyers.
  • Trust and Security: This refundable mechanism aligns with Energi's commitment to safety, ensuring that buyers can confidently participate in the NFT market.

Importance for Energi​

Energi is dedicated to building a reputation as a safe and reliable blockchain. With 95% of projects experiencing significant downturns within a few years, our refundable NFT mechanism aims to shield our users from such risks. By offering indefinite refunds, we ensure continuous protection and maintain trust in our ecosystem.

Key Points​

  • Indefinite Refund Period: Refunds are available forever, reinforcing our commitment to user protection.
  • Secure Funds: 80% of the mint price is always locked in the contract, guaranteeing the availability of refund funds.
  • Burn and Remint: Refunded NFTs are burned and can be minted again with the same tokenId and tokenURI, preserving the collection's integrity.

Conclusion​

The 80% Refundable NFTs on the GMI Launchpad embody our dedication to safety, innovation, and trust. By implementing this mechanism, we aim to foster a secure environment for both creators and buyers, ensuring the longevity and success of projects on the Energi blockchain. Join us in building a safer and more reliable NFT ecosystem.

For more details and to get started with your own 80% Refundable NFT project, visit:

If you need any help, contact our support team.