FAQ

Q: Can I only sell my NFT on truegems?

A: No, since your NFT is minted on the blockchain, you can list it on any NFT marketplace that supports the Flare/Songbird Network.

Q: How can I verify if my NFT is minted on the blockchain?

A: To make sure your NFT is minted on the blockchain, you can check it on the Flare/Songbird Explorer. To do this, you'll need an NFT token address copied and pasted into the address bar on : https://flare-explorer.flare.network

Q: What devices are compatible with truegems?

A: truegems is optimized for most modern mobile and desktop devices and supports most commonly used web browsers.

Q: What fees will I need to pay if I sell an NFT?

A: The total fees for selling an NFT on the secondary market consist of royalties (ranging from 0% to 10% as set by the artist) and a fixed 5% marketplace fee. In the case of the "Way to FAssets" collection, the 5% royalty paid to the artist is followed by the standard marketplace fee.

Q: Do fees apply to every NFT sale on the secondary market?

A: Fees are charged on every sale of the same NFT on the secondary market. These fees include royalties and marketplace fees.

Q: Can I choose the rarity of the claimed "Way to FAssets" NFT?

A: No, NFTs are minted randomly, and you will receive one of four collection rarities.

Q: Can I claim more than one NFT?

A: No, you can't claim more than one NFT. There is a limit of one claim per address.

Q: Is it allowed to use bots or sibling wallets?

A: No, we are implementing protections to prevent minting in this way, in order to ensure a fair minting process for the entire community.

Q: Who is eligible to participate in the First round (Private)?

A: First round will take place during the KBW event from September 5th, 1 PM UTC, to September 7th, 1 PM UTC. This round is restricted to whitelisted addresses only. For more information, visit the Flare Booth.

Q: When will the Sencond round (Public) take place?

A: Public round is open for everyone on Sep 12 1PM UTC - Sep 14 1PM UTC. This round is First-come-first-served basis.

Q: What will happen if not all NFTs from the first round are claimed?

A: Any remaining NFTs from the First round will be added to the Second round.

Q: How many NFTs are in each round?

A: There will be 300 NFTs in the first round and 700 NFTs in the second round. Any remaining NFTs from the first round will be added to the second round.

Q: Can I trade or auction my claimed NFT?

A: Yes, Once you have your NFT in your wallet you can send it to another address, sell or put it on auction. For more detailed instruction see 'Managing Your NFT portfolio' section.

Q: Can I mint my own NFT on truegems?

A: Yes, you can mint your own NFT on truegems marketplace with an easy and intuitive User interface. For more detailed instruction see 'NFT self-mint feature 'CREATE' section.

Q: How much does it cost to mint my own NFT on truegems using the "CREATE" feature?

A: To mint your own NFT on Truegems you need to have $FOCUS tokens and $FLR tokens (Flare Network). Mint cost 300 $FOCUS plus network gas fee paid in $FLR.