🦀FAQ

Q: What is an NFT?

NFTs are digital assets. Each NFT are unique and can represent a wide range of digital and physical assets, such as art, music, and collectibles. NFTs are stored on a blockchain, and they provide proof of ownership of the specific asset they represent. Usually the artwork represents the specific ID of the NFT tokens.

Q: How do users buy NFTs on CWS?

A: Initially Users can mint CWS NFTs using The Oceans Origins Contract. After all NFTs have been minted users can buy NFTs on secondary marketplaces that offer NFT trades and sales.

Q: What happens to the money when users buy NFTs on CWS?

A: The money is transferred to the seller of the NFT, minus any fees associated with the transaction. The funds are used to reward liquidity providers and developers, and to fund further development of the platform. Most of the money (around 80%) will be used to mint the ERC-20 tokens and will be given back to the community via liquidity.

Q: What can users do with their NFTs?

A: Users can hold onto their NFTs as a collectible, trade them on the marketplace, or use them to access special features on the CWS platform, such as early access to new liquidity pools or voting power in governance proposals.

Q: How do users buy NFTs/tokens and what happens to the money when they do? What can they do with their NFTs/tokens?

Users can purchase CWS NFTs and tokens through the CWS platform, as well as on secondary marketplaces such as OpenSea. NFTs and tokens can be held as collectibles or used to participate in governance of the CWS ecosystem.

Q: How do users buy NFTs on CWS?

Users can buy NFTs on CWS by connecting their wallet and browsing the available NFTs in the marketplace. They can then purchase NFTs using supported tokens.

Q: What can users do with their NFTs?

Users can hold onto their NFTs as a collectible, trade them on the marketplace, or use them to access special features on the CWS platform, such as early access to new liquidity pools or voting power in governance proposals.

Q: What are LP tokens?

LP tokens are tokens that represent a user's share of a liquidity pool on a decentralized exchange. They can be used to earn rewards and participate in governance of the CWS platform.

Q: How do I get LP tokens?

Users can get LP tokens by adding liquidity to a supported decentralized exchange, such as Sushiswap, by depositing equal amounts of two different tokens into a liquidity pool.

Q: What is the role of LP tokens in CWS?

LP tokens represent a user's share of the liquidity pool on CWS. They can be used to earn rewards through staking.

Q: What are the benefits of staking LP tokens on CWS?

Users can earn rewards in the form of CWS tokens for staking their LP tokens on CWS, as well as participate in governance by voting on proposals and influencing the future direction of the platform.

Q: Can users buy/hold/mint the LP1 or LP2?

Yes, users can buy and hold the LP1 or LP2 tokens. The LP1 token represents liquidity provided to the PLNKTN/wETH pool, while the LP2 token represents liquidity provided to the PLNKTN/wBTC pool. Users can purchase or mint these tokens on the respective platforms.

Q: What is Zoo (LP1) and Phyto (LP2)?

LP1 and LP2 refer to liquidity pools on CWS. LP1 is a pool of liquidity for the PLNKTN/wETH trading pair, while LP2 is a pool of liquidity for the PLNKTN/wBTC pair.

Q: What is the incentive to mint a CWS NFT vs staking LP2?

Minting a CWS NFT has benefits such as early access to new features and additional rewards. Additionally, NFTs may have unique utilities or governance features not available to LP stakers. Q: Are CWS NFTs considered to be a financial instruments (security)?

A: No, CWS NFTs and any of its tokens are not financial instruments. Securities or financial instruments represent ownership in a company or an investment in a common enterprise with the expectation of profit.

CWS NFTs, on the other hand, represent unique digital blockchain smart contracts & assets with utility and use cases within the CWS ecosystem. CWS NFTs can be used for staking, governance, access to exclusive content, and more, providing utility to their holders that do not involve financial gain.

CWS NFTs are not offered or sold as investment contracts, and the CWS team does not market them as such. CWS cannot promise a return of investment of any kind due to smart contract risk, market risk, regulatory uncertainty, among many more factors that are outside of our control.