Tokens

callToken

A callToken (ERC-721) is minted when an option buyer first opens a call option on a particular NFT. A callToken represents a call option contract, and each callToken corresponds to an NFT listed on the market. It can be safely stored, transferred or traded.

When the option expires, if the buyer chooses to exercise the option contract, which means to purchase the NFT at strike price, the callToken will be burned simultaneously; if not, the callToken will be invalid until an option buyer opens a new call option.

When the new option is created, the callToken is transferred to the new buyer automatically.

nToken

nTokens are wrapped NFTs (ERC-721) that are minted when NFT holders deposit their NFT assets into option pools and burned when they withdraw the NFTs. nTokens represent the ownership of the corresponding NFT assets, and they can also be safely stored, transferred or traded.

Because option buyers pay a small premium in advance for the call options, nToken holders can earn passive income from the premium if their NFTs don’t get sold at pre-set conditions.

In addition, nTokens have the same metadata and token IDs as the original NFTs you own which means that you can use nTokens in your wallet for your social media PFP.