(self.webpackChunk_N_E=self.webpackChunk_N_E||[]).push([[746],{3256:function(e,t,a){(window.__NEXT_P=window.__NEXT_P||[]).push(["/faq",function(){return a(5921)}])},5921:function(e,t,a){"use strict";a.r(t),a.d(t,{__N_SSG:function(){return u},default:function(){return d}});var i=a(2676),r=a(5271);let s={"What is tokensite guide price?":["The tokensite guide price is a proprietary assessment based upon a number of algorithms we are developing. It is completely automated with no manual interventions. It is underpinned by institutional analytics and robust data capture, cleaning and aggregation methods. It takes into account general market conditions, historic sales and buyer and seller behaviour amongst other things."],"What is trait rarity?":["This is a rarity scale which is very similar to the approach which has historically been used for items like collectible cards. The rarity is predominantly driven by the presence of the rarest trait.","The items within  a series are sorted based on their rarest trait, for example if we consider CryptoPunks, all items with Chokers (there are 48) would be rarer than all items with Tiaras (55)","Once sorted by rarest trait, the ranking within the trait type is based on the next rarest trait and so on.","The benefits of trait rarity are that it's simple to calculate and understand and usually closely aligns to what is perceived to be the rarest aspect of the NFT.","The downsides are that it's far removed from how “likely” or how “probable” the NFT was in being created by a generative algorithm, for example an item from a 10k series with two traits, one rare, (20) the other not (2,000) is rarer than an item with three rare traits (22), (25), (30)."],"What is statistical rarity?":["Statistics Rarity is a rarity scale which is calculated by multiplying all of the items trait rarities.","So taking the example above; the first item's statistical rarity is (20 \xf7 10k) multiplied by (2,000 \xf7 10k) which is 0.04% whilst the second item's is 0.0000017%.  So the second items statistical likelihood makes it much rarer","The benefit of statistical rarity is that it takes into account all of the NFT's traits, giving them an equal weighting","The downside is that by taking into account all traits, factors which really are not at all rare have an impact on the ranking which have the effect of reducing the rarity impact of very rare traits such as 1 of 1s.  The results can sometimes therefore not appear at all intuitive."],"What is rarity score?":["Rarity score is a middle ground between trait and statistical rarity.","It tends to be the default for most series.","It is calculated by adding all of the item's trait rarities, after normalising for the number of traits.","This has the effect of increasing the impact of rare traits on the overall rarity whilst reducing the impact of the less rare traits.","The benefit is that all traits are taken into consideration but the skew in the rarity owing to the presence of multiple common traits is reduced versus statistical rarity.","The downside is that it really is a hybrid - it is not as intuitive as trait rarity nor as close to actual mint probability as statistical rarity.","We will be exposing more analytics covering rarity shortly!"]},n={"What is an NFT?":["NFTs are tokens that we can use to represent ownership of unique items. They let us tokenize things like art, collectibles, even real estate. They can only have one official owner at a time and they're secured by the blockchain &emdash; no one can modify the record of ownership or copy/paste a new NFT into existence.","NFT stands for non-fungible token. Non-fungible is an economic term that you could use to describe things like your furniture, a song file, or your computer. These things are not interchangeable for other items because they have unique properties.","Fungible items, on the other hand, can be exchanged because their value defines them rather than their unique properties. For example, ETH or dollars are fungible because 1 ETH / $1 USD is exchangeable for another 1 ETH / $1 USD."],"What is an NFT Drop?":["An NFT drop is the release of an NFT series or individual item. A drop refers to the exact date, time, and generally the minting price of the NFT. Many NFT drops have purchase limits that apply to the number of NFTs you are able to mint in one transaction."],"What is an NFT series?":["A series is a coherent group of NFTs issued by one artist or team either in a single drop or over a series of drops.","Items in a series are created and governed by the same smart contract and share metadata and trait characteristics."],"What is an NFT item?":["An item is an individual NFT, either part of an NFT series or a one of one unique creation."],"What is a trait?":["A trait is a specific characteristic which items in an NFT series possess.","An item's characteristics are determined by the NFT smart contract used to create it and contained within the NFT's metadata.","Traits can be visual (“does my ape have laser eyes?”), audible (“what theme music is played by the NFT?”), provide utility (“this NFT grants the owner access to tokensite”) as well as relay information about the item and series.","The possession of certain traits is what can make an NFT more or less desirable, by increasing its rarity, changing aesthetics and conforming to trends.","An NFTs traits are one of the primary drivers for all types of rarity calculations.","Also see metadata"],"What is a floor price?":["A floor price or floor is usually associated with the lowest priced item listed for sale on a recognised marketplace in any given NFT series. It is therefore the cheapest item you could buy in the series without making an offer.  We use the term “Series Floor” on tokensite. ","The term “a floor” can also be used to describe a common item in a series, as in an item which would price at “the floor” due to its lack of rarity"],"What is a trait floor price?":["The trait floor price is the lowest listing price of an item in a series with that particular trait across recognised marketplaces (which tokensite supports).","It can also be used to indicate the highest price across all of the trait floor prices for an item's traits."],"What is a listing?":["A listing is a commitment to sell an item on a marketplace or other similar platform.  The listing can be on- or off-chain but for it to be valid, it must be committed at a certain price. Listings can be perpetual or time-limited."],"What is an offer?":["An offer is a commitment to buy an item at a certain price. Offers can be on- or off-chain. Most offers made on marketplaces are off-chain. Offers are made on listed and unlisted items. Offers can be perpetual or time-limited."],"What is metadata?":["Behind every token there is the concept of metadata, which describes the multimedia content of which the token is container and certifier.","The metadata of an NFT, whether developed according to the ERC721 or ERC1155 standard, is generally saved in the IPFS, a peer-to-peer protocol for saving multimedia files. This metadata is pinned to the protocol and returned as a hash to the Smart Contract."]},o={"What is cryptocurrency?":["Cryptocurrency is a  digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority. Well known examples include Bitcoin and Etherum."],"What is ethereum?":["Ethereum is the community-run technology powering the cryptocurrency ether (ETH) and thousands of decentralized applications."],"What is ether or ETH?":["ETH is a cryptocurrency. It is scarce digital money that you can use on the internet &emdash; similar to Bitcoin."],"What is a wallet?":["Ethereum wallets are applications that let you interact with your cryptocurrency account. Think of it like an internet banking app &emdash; without the bank. Your wallet lets you read your balance, send transactions and connect to applications."],"What is Web3?":['Web3, also known as Web 3.0 is an idea for a new iteration of the World Wide Web that incorporates decentralization based on blockchains. Some technologists and journalists have contrasted it with Web 2.0, wherein they say data and content are centralized in a small group of companies sometimes referred to as "Big Tech". The term was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms.'],"What is etherscan?":["Etherscan is the leading BlockChain Explorer, Search, API and Analytics Platform for Ethereum, a decentralized smart contracts platform.  It was built and launched in 2015."],"What is a Smart Contract?":["A smart contract is a program that runs on a suitable blockchain such as Etherium. Its code and data reside at a specific address on the Ethereum blockchain.","NFTs are powered by smart contracts which handle the transferability, verify the ownership and the metadata.","The executed code is trackable and irreversible."],"What is ERC-721?":["The ERC-721 is a standard format for NFTs, in other words, this type of token is unique and can have different value than another tokens from the same smart contract, maybe due to its age, rarity or even something else like its visual characteristics."],"What is ERC-1155?":["The ERC-1155 is a  standard interface for contracts that manage multiple token types. A single deployed contract may include any combination of fungible tokens, non-fungible tokens or other configurations (e.g. semi-fungible tokens)"],"What is ERC-20?":["The ERC-20 is a standard for fungible tokens, in other words, they have a property that makes each token be exactly the same (in type and value) as another token. For example, an ERC-20 Token acts just like ETH, meaning that 1 Token is and will always be equal to all the other Tokens."],"What is IPFS?":["IPFS or Interplanetary File System is a distributed system for storing and accessing files, websites, applications, and data. IPFS attempts to address the deficiencies of the client-server model and HTTP web through a novel p2p file sharing system.","So rather than identifying a specific file at a specific domain, IPFS addresses let you find a piece of content so long as someone somewhere on the IPFS network is hosting it."],"What are gas fees?":["Gas fees are like transaction fees on the Ethereum blockchain. When you complete transactions, such as transfering crypto to another wallet,  purchasing an NFT on an exchange or minting a new NFT, you'll need enough ETH in your wallet for the initial transaction and the associated gas fees."]};var c=a(2187),h=a.n(c);let l=e=>{let{faqs:t,activeFAQ:a,handleFAQClick:r}=e;return(0,i.jsx)("div",{className:"w-full space-y-5",children:Object.keys(t).map(e=>(0,i.jsxs)("div",{className:"space-y-5",children:[(0,i.jsx)("button",{onClick:()=>r(e),className:h()("w-full rounded-2xl p-4 text-left ",a===e?"bg-black text-white":"bg-default/[.08] hover:bg-default/[.25] focus:bg-blue focus:text-white"),children:e}),a===e&&(0,i.jsx)("ul",{className:"space-y-3",children:t[e].map((t,a)=>(0,i.jsxs)("li",{children:["– ",t]},"".concat(e.replace(" ",""),"-").concat(a)))})]},e.replace(" ","")))})},d=()=>{let[e,t]=(0,r.useState)(null),a=e=>t(e);return(0,i.jsx)("div",{className:"min-h-48 mb-[6px] flex h-full w-full items-center rounded-[32px] bg-white px-8 py-16 xs:rounded-[64px] xs:px-16 xs:py-16",children:(0,i.jsx)("div",{className:"mx-auto border-white py-20 text-black md:w-200",children:(0,i.jsxs)("div",{id:"faq",className:"space-y-5 font-primary font-light",children:[(0,i.jsx)("h2",{className:"mb-6 text-4xl tracking-tight text-black md:text-6xl ",children:"Frequently Asked Questions"}),(0,i.jsx)("p",{className:"mb-8 text-sm",children:"Last updated March 30, 2024"}),(0,i.jsx)("div",{className:"space-y-4",children:(0,i.jsx)(l,{faqs:s,activeFAQ:e,handleFAQClick:a})}),(0,i.jsx)("div",{className:"space-y-4",children:(0,i.jsx)(l,{faqs:n,activeFAQ:e,handleFAQClick:a})}),(0,i.jsx)("div",{className:"space-y-4",children:(0,i.jsx)(l,{faqs:o,activeFAQ:e,handleFAQClick:a})})]})})})};var u=!0},2187:function(e,t){var a;/*!
	Copyright (c) 2018 Jed Watson.
	Licensed under the MIT License (MIT), see
	http://jedwatson.github.io/classnames
*/!function(){"use strict";var i={}.hasOwnProperty;function r(){for(var e="",t=0;t<arguments.length;t++){var a=arguments[t];a&&(e=s(e,function(e){if("string"==typeof e||"number"==typeof e)return e;if("object"!=typeof e)return"";if(Array.isArray(e))return r.apply(null,e);if(e.toString!==Object.prototype.toString&&!e.toString.toString().includes("[native code]"))return e.toString();var t="";for(var a in e)i.call(e,a)&&e[a]&&(t=s(t,a));return t}(a)))}return e}function s(e,t){return t?e?e+" "+t:e+t:e}e.exports?(r.default=r,e.exports=r):void 0!==(a=(function(){return r}).apply(t,[]))&&(e.exports=a)}()}},function(e){e.O(0,[888,774,179],function(){return e(e.s=3256)}),_N_E=e.O()}]);