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N-Tokens - Storefront's Credit System and all you Have to Know - StoreFront Forums

N-Tokens - Storefront's Credit System and all you Have to Know

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Pedro

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Q1: What's N-Token?

N-Token is Storefront's utility token that can be used to purchase resources and pay for ads on the forum.

Q2: Can N-Token be exchanged for cash?

Yes. But, it can be used to purchase resources, pay for ads, purchase Mp3 and Mp4 Tagger credits (new), etc. More use cases will be created.

Q3: Can N-Token be sold?

Yes. You can sell and buy N-Tokens via the Buy and Sell section. Those who want to buy or sell can create threads in the Buy and Sell section. Minimum that can be purchased is 5000 N-Tokens.

Q4: Does N-Token expire ?

No.

Q5: Can I lose my N-Token?

Yes, the forum has the right to reset all credits to 0, disable, and modify events without prior notice. N-Tokens gotten under deception will be withdrawn, including a penalty fee.

Q6: Which event earns the most N-Tokens?

Tokens gotten from resource purchase are the highest, followed by tokens gotten from creating threads/topics.

Q7: How can I earn N-Tokens?

There are several ways:

* When your resource is downloaded: this is the best way! It pays the highest and doesn't expire. Share resources with the community. Anyone who downloads it will lose their tokens to you. If A downloads B's resource, A loses 600 N-Tokens, and B earns 600 N-Tokens. This token will not expire.


* Daily activity/Login: active members are rewarded credits daily. This, too, has expiry dates.

* Creating threads, dropping comments, when someone likes your post, when you earn an award. You earn 100 N-Tokens for creating quality threads.

Q8: How to lose N-Tokens?

Losing credits are easy, too, LOL! Spamming, creating deceptive posts to earn tokens, manipulating the system, etc, are some ways to lose credits.

Q9: What's the N-Token to Naira rate?

It depends. Currently, 1 naira is equivalent to 10 N-Tokens. This is strictly for purchases in naira. But on credit level, 1 N-Token is equal to 1 credit. Credits are used on Storefront for utility, not naira. For instance, our new system which we're still working on can be paid for in N-Token!
 
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