A NFT core is a required feature needed to create a core - fused NFT.
NFT cores with the same N(number of EP) value are interchangeable.
How to create a NFT Core
NFT core can be created by connecting EPs with one another, creating a sequence of EPs.
The length of this sequence of EP is denoted as A.
The more valuable a core-fused NFT is, the higher the value if number of EP contained in the NFT core is needed for its core
Each connected EP requires a fee of 0.01SAE
For instance
Let the number of EP contained in the NFT core be denoted as (A)
So, if a user wants to create an NFT core by connecting some amount of EPs, the total cost to create the NFT will be calculated as follows:
Formula of SAE tax = (A-1) × 0.01 SAE
All fees collected will be allocated to the treasury to support the development and maintenance of the system.
NFT Core's Price Calculation
The guidelines of calculating NFT Core's price:
The amount of SAEs locked into 1EP for charging is 0.1SAE
The cost of fusing NFT cores or analysing NFT cores into two parts is = 0.01 SAE
The criteria of an NFT core are as follows:
The number of EPs in one NFT core is called (N)
The market price of one uncharged EP ( Price EP)
We can use the above data to calculate the price (NFT core):
The price of (NFT core) = A × Price (EP) + A × 0.1 SAE + ( A-1) × 0.01 SAE
Where A = number of EP contained in the NFT core
Fusing and Parsing Cores
Fusing and Parsing NFT cores is the process of creating new NFT cores from available NFT cores
NFT cores can go through a fusion process to create a new NFT core with a higher N value and vice versa ( where N is the number of EPs in one NFT core )
NFT cores with N greater or equal to 2 (N>=2) can go through a parsing process to create several new NFT cores with smaller (N) values
Note: This process requires SAE as a fee.
Fusing
Fusion is the process of creating a new NFT core with a higher (N) value
When fusing several cores , a new connections are created between the EPs that are present and this process of creating new connections requires SAE to be used as energy
In the case of combining (A) blocks of NFT - Core to form a new NFT core with a larger value, the total amount of SAE to be paid is calculated by using this formula below ⬇️
SAE tax = (A - 1) × 0.01 SAE
For instance, the cost of combining 3 NFT cores is calculated as : SAEtax = (3-1) × 0.01 SAE = 0.02 SAE
Parsing
Parsing is the process of creating new NFT cores with a smaller (N) value than the old NFT cores with (N>=2)
Similarly, when splitting a core, each time a block of NFT - Core is split into (A) smaller blocks of NFT core , a fee of (1SAE) needs to be paid :
SAEtax = (A-1) × 0.01SAE
The initial fee of 0.01SAE can be adjusted based on demand and market prices at the actual time
In addition, the owner of the NFT core can also completely decompose the NFT core to withdraw the initially staked SAE locked in the EP .
After completing the entire decomposition process, the EP will return to its initial state (Locked EP) and the number of the locked EPs will be transferred to the Treasury of SA World.
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