CryptoBuxx NFTs, the first crypto-based asset-backed Non Fungible Tokens, announces a repricing and relaunching of its collection on OpenSea at https://opensea.io/collection/cryptobuxxnft.
“Because the price of CryptoBuxx NFTs are tied directly to the prices of the cryptocurrency it includes, they will only be available for sale for a three day window before expiring and having to be repriced again,” said William Rice, Founder of CryptoBuxx. “Since each CryptoBuxx NFT includes real crypto, the price of the NFT is the cost of the crypto plus the makers fee. As a price of crypto changes, so does the price of the NFTs.”
CryptoBuxx NFT Next Offering
The next offering will begin on Thursday, April 21st at 12:00 EST.
Any CryptoBuxx NFT that has already been sold, will not be affected.
CryptoBuxx has also lowered the maker fee for its NFT Collection to 1% from 2.5% for this next offering.
QR Codes Corrected
In the initial offering, several NFTs were reported to have bad QR codes and would not provide the value of the crypto when scanned. This issue has been identified and corrected so all NFTs can be scanned to see their status and crypto value.
CryptoBuxx NFT Overview
CryptoBuxx NFTs are different than most other NFTs because they include a downloadable digital gift certificate that can be redeemed for the face value of the NFT. For example, CryptoBuxx Bitcoin NFT # 103 has a face value of 1 Bitcoin and contains a gift certificate that can be redeemed for 1 BTC at any time. This immediately provides a floor value to the NFT because of the value of the underlying crypto currency. As the price of the underlying currency rises, so should the value of these NFTs.
There are 11 main Cryptocurrencies in the collection: BTC, ETH, ADA, DOGE, SHIBA, SUSHI, DOT, SFM, AXS, HNT and HAPPY.
Each CryptoBuxx NFT contains a downloadable digital gift certificate that includes a 256-bit encrypted serial number along with a security code that are required for redemption. A QR code on the artwork allows the owner easy access to the CryptoBuxx website for redemption or to check the current value of the underlying crypto.
Coinbase, one of the largest Crypto Exchanges for new investors, has announced that it is planning on launching a peer-to-peer NFT marketplace that will make minting, purchasing, showcasing and discovering NFTs easier than ever.
If you plan on participating in the first CryptoBuxx NFT drop on March 31st, you will have to find another wallet to store your CryptoBuxx NFTs in until Coinbase’s NFT project launches. The NFTs can then be transferred over if you wish.
Until then, you mail wish to install the Meta Mask Crypto Wallet on your browser or mobile device as it is one of the easier wallets to use.
CryptoBuxx (www.CryptoBuxx.com), an innovator in crypto-based gift cards and gift certificates, will be introducing a collection of Non-Fungible Tokens (NFTs) based on its crypto gift certificate program. Each NFTs will represent a specific crypto coin or token and have a unique denomination. The NFT will also include a downloadable digital gift certificate redeemable for the face value of the NFT. The collection can be accessed on OpenSea.io at CryptoBuxxNFT.com. The expected launch date of this collection is March 31, 2022.
“Giving crypto currency is not easy, especially if it the recipient does not already have a crypto wallet, said William Rice, Founder of CryptoBuxx. “Sometimes you just want to have something valuable to add to a birthday or graduation card for someone special, something that will not necessarily be spent right away like a gift card, something that can provide value over time. CryptoBuxx goal is to make it easy to give the gift of crypto even if the recipient is new to crypto.”
CryptoBuxx NFTs are different than most other NFTs because they include a downloadable digital gift certificate that can be redeemed for the face value of the NFT. For example, CryptoBuxx Bitcoin NFT # 103 has a face value of 1 Bitcoin and contains a gift certificate that can be redeemed for 1 BTC at any time. This immediately provides a floor value to the NFT because of the value of the underlying crypto currency. As the price of the underlying currency rises, so should the value of these NFTs.
The initial CryptoBuxx NFT collection are based on 11 coin/token designs:
Bitcoin (BTC) – Sometimes called “digital gold”, Bitcoin is the first and most popular cryptocurrency. The CryptoBuxx NFTs will include 106 different Bitcoin denominations starting at 0.0001 BTC to 5 BTC.
Ethereum (ETH) – Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether which is used to pay fees to use the network. The CryptoBuxx NFT collection will include 103 different Ether denominations between 0.01 ETH to 100 ETH.
Cardano (ADA) – Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change. Its token, ADA is named for the world’s first computer programmer, Ada Lovelace. The CryptoBuxx NFT will include 103 different Cardano denominations between 110 ADA to 4,000 ADA.
Dogecoin (DOGE) – The first meme coin, Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. 104 different face values will range from 100 DOGE to 35,000 DOGE in the CryptoBuxx NFT collection.
Shiba Inu (SHIBA) – Another meme coin, Shiba Inu quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin’s mascot. 105 CryptoBuxx NFTs will be minted with face values between 10,000 SHIBA and 100 million SHIBA.
Polkadot (DOT) – Polkadot is a protocol that unites multiple specialized blockchains into a unified, scalable network allowing blockchains to work with each other. Ranging from 1 DOT to 2,000 DOT, the collection will be limited to 103 CryptoBuxx Polkadot NFTs.
SafeMoon (SFM) – SafeMoon v2 Protocol is a decentralized finance token that has three functions that take place during each trade: Reflection, LP Acquisition and Burn. 99 different face values will range from 1,000 SFM to 10 million SFM in the CryptoBuxx NFT collection.
SushiSwap (SUSHI) – SushiSwap primarily exists as an automated market maker, through which automated trading liquidity is set up between any two cryptocurrency assets.
Helium (HNT) – Helium allows low-powered wireless devices to communicate with each other and send data across its network of nodes. The CryptoBuxx NFT collection will include 102 different HNT denominations between 1 HNT to 1,000 HNT.
Axis Infinity (AXS) – Axie Infinity is a blockchain-based trading and battling game that allows players to collect, breed, raise, battle and trade token-based creatures known as Axies. Axie Infinity has its own governance token, known as Axie Infinity Shards (AXS). 100 CryptoBuxx NFTs will be minted with face values between 0.1 AXS and 4,000 AXS.
Happycoin – HappyCoin is a charity token that donates to mental health organizations. Only 25 CryptoBuxx Happy NFTs will be minted with face values between 1 billion HAPPY and 25 billion HAPPY.
There will be approximately 100 of each crypto currency represented in the NFT collection. Each NFT has a face value that is unique in the coin set. The US dollar value of the crypto within the NFTs will range from $20 to approximately $250,000 (5 Bitcoin). Total value of the first collection should be approximately $6 million. CryptoBuxx plans to introduce additional coins in the future.
CryptoBuxx NFTs will be minted on both the Polygon and Ethereum blockchains. The majority of the collection will be minted on Polygon in an effort to keep gas fees low for buyers. NFTs will a sale price above 1 ETH will be minted on the Ethereum blockchain to take advantage of OpenSea’s auction capabilities.
Each CryptoBuxx NFT contains a downloadable digital gift certificate that includes a 256-bit encrypted serial number along with a security code that are required for redemption. A QR code on the artwork allows the owner easy access to the CryptoBuxx website for redemption or to check the current value of the underlying crypto.
Each CryptoBuxx NFT will be designed to be collectable and has specific properties that can be searched using OpenSea’s tools.
Crypto – There are 10 main Cryptocurrencies in the collection: BTC, ETH, ADA, DOGE, SHIBA, SUSHI, DOT, SFM, AXS, HNT and HAPPY.
Face Value – This characteristic recognizes those NFTs with round numbers as they can be more desirable for collectors. This can have a value of Round Hundreds, Thousands, Ten Thousands, Millions or even single digits for some currency sets.
Series – Series shows how the NFT name relates to other aspects of the NFT. The series can match the face value, it can be the first or last in the currency set or it can match one of the printed or digital CryptoBuxx gift certificates sold on CryptoBuxx.com.
How CryptoBuxx Gift Certificates Works
CryptoBuxx gift certificates are the easiest way to share crypto currency with anyone. The recipient does not need to have an existing crypto wallet to receive a CryptoBuxx. The CryptoBuxx Website will provide step-by-step instructions on how to establish an account at a leading Crypto Exchange, like Coinbase or BitMart, and then redeem the crypto directly into that account.
When an individual comes to the CrytoBuxx Products page, they can select from several popular crypto currencies and denominations, paper or digital type and number of Buxx requested. The system will price the coins at the current market value including transaction costs, and the individual can add them into their shopping cart for purchase.
Once a CryptoBuxx is sold, the corresponding crypto coins are purchased and held in a cold wallet offline for added security. Once the Buxx is shipped, the Buxx is activated and awaits redemption. The website walks users though creating their first crypto exchange account if they do not already have one. When the CryptoBuxx is redeemed, the coins are transferred to the redeemers crypto wallet.
CryptoBuxx are redeemed based on a specific number of coins, not a dollar value, so the value of the coins when redeemed may be higher or lower than when purchased. There is no additional cost to redeem.
About Certificate Exchange, Inc.
Certificate Exchange, Inc. was formed in 2021 to launch an innovative gift certificate program to make giving crypto currency easy and introduce new individuals to crypto currency. CryptoBuxx facilitate the transfer of small amounts of specific crypto coins (Bitcoin, Ethereum, Cardano, Doge, Shiba Inu and Tether) to individuals with or without an existing crypto wallet. Coins can be transferred into a crypto wallet at any time. For complete details visit https://www.CryptoBuxx.com.
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Dogecoin (DOGE) – The first meme coin, Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. 104 different face values will range from 100 DOGE to 35,000 DOGE in the CryptoBuxx NFT collection.
