Frequently asked questions
What is a Blockchain?
Blockchain is a digital register composed by sections grouped in “blocks”, chained in chronological order, which integrity is granted by cryptography. The data contained in a blockchain is immutable, once written is no longer editable or ereaseable.
What is a NFT (Non Fungible Token)?
What is ERC1155?
ERC1155 is a standardized type of NFT that gives rarity to a single token; for example can only exist 10 copies of a token representing a work of art.
What is ERC20?
ERC20 is a fungible token divisible as other cryptocurrencies such as Ethereum and Bitcoin.
What is a token?
Tokens are cryptocurrencies that are emitted on other cryptocurrencies blockhains. In lingo “token” is used for single entities for NFTs and fungible ones.
What is a SMART CONTRACT?
Smart contracts are blockchain technology based softwares. They define rules and penalties of an agreement, as a traditional contract does. The main difference is the presence in the software of the if/then functions, which make automatic the payment when a determinate condition happens.
What is FEE?
A commission paid; in blockchain ambit it can refer to the commission that has to be paid to do the transaction.
What is a STABLECOIN?
What is STAKING?
How does the swap protocol works?
Each time an exchange from NFT to $SNAFU takes place, 5% of the $ SNAFU will be sent to the DAO which can decide what to do with it.
Who burns or mint the $SNAFU tokens during the swap?
$SNAFU tokens are minted and burned by the smart contract.
Who receives the $SNAFU tokens during the swap?
The swap smart contract mints and burns $SNAFU tokens during the swap: if you swap your NFT for $SNAFU then the smart contract is minting $SNAFU tokens for you and increasing the supply, otherwise, if you swap $SNAFU tokens to buy an NFT then the smart contract will burn those $SNAFU, decreasing the supply.
Who gets the 5% fee of the swap?
Each time an exchange from NFT to $SNAFU takes place, 5% of the $ SNAFU will be sent to the DAO, and the community will vote on what to do with that money.
What is FARMING?
What is an LP token?
A token given by Honeyswap when someone adds liquidity to an asset.
What is $SNAFU?
What is Honeyswap?
A decentralized exchange based on the xDai blockchain, similar to Uniswap based on Ethereum.
What is an exchange?
Exchanges are websites in which is possible to exchange virtual currencies with traditional money. Is possible, for example, to change Bitcoin in euros and viceversa.
What is the $SNAFU supply?
What is the contract address?
Our contract is verified and you can check it here: https://blockscout.com/xdai/mainnet/tokens/0x27B9C2Bd4BaEa18ABdF49169054c1C1c12af9862
How to add $SNAFU to Metamask?
There are a few ways to add $SNAFU on your metamask:
What is a DAO?
A DAO (decentralized autonomous organization) is an organization in which activity and executive power are obtained and managed through codified rules, such as computer programs called Smart Contracts.
What is Unique.One?
Where can I buy NFTs of the SNAFU Collective?
You can find our NFTs on Unique.One marketplace, Unifty NFT Market or on our SWAP Application.
What is the currency you need to use?
You can use XDAI coins on NFTs in sale at Unique.One Marketplace.
What is Unifty?
UNIFTY is a new hub for NFT projects to mint, buy, sell, swap and create NFT farms with just a few clicks!
How to get WXDAI?
To convert your XDAI to WXDAI you need to swap them in Honeyswap: https://honeyswap.org/
What is xDai Blockchain?
Read more here: https://www.xdaichain.com
How can I bridge money from Binance Smart Chain?
1) Swap BSC to DAI on Binance chain (use pancake swap)
3b) Switch the network of your metamask to xDai chain (if you don't have it go to chainlist.org and click "add" on xdai chain)
4b) go to https://xdai.component.finance/ and swap from DAI (BSC) to WXDAI
4c) go to https://app.honeyswap.org/#/swap and swap WXDAI to XDAI
Of course you will need a few cents on xdai chain to pay the transactions. There are a few ways to obtain some xdai:
1) Ask in our telegram group for a few cents, we'll send you
2) Go to xdai community group (@xdaistable) and ask for some help!
How can I bridge money from Ethereum?
Of course you will need a few cents on xDai chain to pay the transactions.