Bit5 Documents
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  • 👋Welcome to Bit5
  • Overview
    • 💡What We Do
    • ✨Our Features
    • 🏁Get Started
      • Create a Wallet
      • Connect Your Wallet to Bit5
  • Product Guides
    • 🛍️Marketplace
      • Buying an NFT on Bit5
      • Selling an NFT at Bit5
      • NFT Rarity Calculation
      • Royalties
      • Fee Calculation and Limits
      • Service fee discount with privilege collections
      • Pausable
      • Global Transactions
      • Accept Global Bid As Owner
  • 🥏Bit5 as a Launchpad
    • Minting Application
    • Project Verification
    • Collection Application
  • 🤝Lending and Borrowing
    • Borrow BNB with Your NFTs
    • Earn Interest by Lending BNB
  • ✋Vote
  • Universal Wrapper
    • DN 404
    • How it works?
    • FAQ
  • 🏵️Services
    • Convertion of Static Nft to Dynamic Nft (dNft).
    • NFT Minting
    • Token Minting
  • ☑️Road Map
  • Resources
    • ❔FAQs
    • 🔗Links
      • Collection Application Form
      • Minting Application Form
      • Verification Form
      • Voting Application Form
      • Telegram Announcement
      • Twitter
      • Discord
      • Telegram Bit5 Listings
      • Telegram Bit5 Sales
  • Legal
    • 📃Terms Of Service
    • 🔏Privacy Policy
  • Partnership
    • Trading View
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  1. Universal Wrapper

FAQ

Q: How can I wrap my NFT? A: To wrap your NFT, first ensure that the collection of your NFT is enabled for wrapping.

Q: Who can enable a collection for wrapping? A: Any collection can be enabled for wrapping by anyone.

Q: Which chains does Universal Wrapper support? A: Universal Wrapper currently supports only BNB Smart Chain and Blast Chain.

Q: What is the fee for enabling a collection for wrapping? A: When enabling a collection for wrapping, users must pay a fee of 0.01 BNB for BNB collections or 0.02 ETH for Blast collections.

Q: What is the fee for wrapping an individual NFT? A: For wrapping individual NFTs, users must pay a fee of 0.001 BNB for NFTs in BNB collections or 0.0002 ETH for NFTs in Blast collections.

Q: Will I receive a DN404 NFT with the same token ID as my original NFT when I wrap it? A: No. You will receive the next sequentially minted NFT on the DN404 side. If all NFTs have been minted, you will receive a randomly selected NFT from the available ones.

Q: Will I get my original NFT back when I unwrap it? A: No. You will receive a randomly selected ERC721 NFT from the vault wallet.

Q: Will I see my DN404 NFT in Bit5 when I use the token in Dex applications? A: No. If you trade your token in Dex applications, your NFT will be traded away as well. When you acquire a new token, you will receive a random NFT according to the DN404 protocol.

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Last updated 8 months ago