Docs
  • 🧩OVERVIEW
    • What is Bank of Mantra?
    • BOM History
  • 🔑KEY CONCEPTS
    • Stake Profits from BOM
    • Policy Terminology
    • OM Staking and Staking Profits
    • NFT Rewards
    • BOM Audit Risk Weight Asset Service
    • BOM Lending/Borrowing
    • Farming
  • 💫PRODUCTS AND ECOSYSTEM
    • Products Overview
    • BOM Chain
    • Bank of Mantra Cross-Chain Functionality
    • BOM App
    • Liquidity Pools
    • BOM EZBank
    • Mastercard Integration
    • DePIN (Decentralized Physical Infrastructure Networks) Integration
    • Auction and Exhibition Center
    • Asset Management Center Integrated with the Metaverse
    • Strategic Advantage of BOM Network
  • TOKENOMICS
  • ROADMAP
  • 📝PRIVACY POLICY
    • 1. INTRODUCTION
    • 2. PERSONAL INFORMATION COLLECTED
    • 3. USE OF INFORMATION
    • 4. SHARING INFORMATION
    • 5. INFORMATION AUTOMATICALLY COLLECTED
    • 6. INFORMATION ABOUT PRODUCTS AND SERVICES
    • 7. CHANGES TO YOUR DETAILS
    • 8. SECURITY
    • 9. LINKS TO THIRD-PARTY WEBSITES
    • 10. RETENTION OF PERSONAL INFORMATION
    • 11. TRANSFER OF YOUR INFORMATION
    • 12. CHANGES TO THIS PRIVACY POLICY
    • 13. YOUR PRIVACY RIGHTS
    • 14. CONTACT US
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  1. KEY CONCEPTS

Policy Terminology

Time NFT: This is an estimate of the duration for which users enjoy the benefits associated with their NFT. If a user owns multiple NFTs:

  • For multiple NFTs of the same type, the Time NFT is based on the first NFT they acquired. When eligible for an upgrade, the Time NFT adjusts to reflect the new NFT.

  • For multiple NFTs of different types, the Time NFT is calculated based on the highest-value NFT.

Users can upgrade their NFT tier at any time in two ways:

Combining NFTs of the Same Type: For example, if User A has a Gold NFT and wants to upgrade to a Platinum NFT, they can purchase two more Gold NFTs and combine them.

Direct Upgrade Using USDT: Simply select the desired NFT and follow the instructions for a direct upgrade.

Time Stake: This indicates the period during which you receive staking profits and system commissions. After the expiration of the NFT, you can either purchase additional NFTs, upgrade, or choose not to renew:

  • If you purchase more or upgrade, you continue to enjoy the corresponding benefits.

  • If you do not renew, your contract ends, and you will receive all benefits, including the return of your original stake. BOM will cancel your membership NFT. Note that if you wish to restart, you will begin from scratch.

OM Staking and Staking Profits: Staking your OM in Mantra DAO (OM) means 100% of your OM is locked through BOM's shareholder status in Mantra DAO. All transactions are secure and governed by smart contracts from Mantra DAO and BOM. Transactions are transparent, accompanied by Txhash, and the locked asset status in Mantra DAO can be verified onchain. Staking profits can reach up to 35% APY, depending on the features of the NFT you own.

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Last updated 10 months ago

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