Call for all the Sypool NFT collectors: Sypool NFT redemption is now available
As one of the first assets on the newly launched DeFine NFT PAD, Sypool launched Initial NFT Offerings on the DeFine platform early this month. DeFine contributors are excited to see a total of 492 Sypool NFTs were sold out immediately after listings.
After the successful purchase of the NFT, the mystery box will be automatically opened. Users can choose to keep the NFT until the redemption date or trade it on the DeFine marketplace. Each level of NFT corresponds to different rights and each NFT holder will have the right to redeem SYP tokens at the price of $0.04 in a specific period.
From 16:00 on September 18 to 8:00 on October 19 (UTC+8), the redemption page of SYP for Sypool NFT on the DeFine platform is available.
Redemption page: https://app.define.one/redeem/sypool
How to redeem?
- Connect the wallet and switch the network to BSC.
- Select the NFT to be redeemed.
- Enter the SYP receiving address, please note SYP is Solana’s mainnet token.
(SYP contract address FnKE9n6aGjQoNWRBZXy4RW6LZVao7qwBonUbiD7edUmZ)
4. Click the Redeem button.
- Since SYP is an asset on the Solana chain, the eligible address will be sent to Sypool for distribution.
- Be sure to confirm the address to receive the SYP, input errors will result in failure to receive successfully, and it is impossible to restore the NFT that has been redeemed.
- Sypool NFT cannot be redeemed during the auction/sale. If you want to redeem, you need to terminate the auction/sale.
Sypool Protocol is a synthetic asset management protocol. This is another innovation that Sypool team have migrated finance from off-chain to on-chain. This idea was inspired by off-chain fund companies and packaged asset derivatives. On the one hand, Sypool tokenizes fund shares. On the other hand, this share token actually represents a small part of a multi-token pool, thus providing the scarce liquidity for the cryptocurrency market.
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