jpegA collection token.
A vault of art.
Understand what a collection token is and how the vault works.
One collection. One token.
Each collection has its own token. For a collection named Milady with symbol MILADY, the token can be shown as fMILADY. Different collections’ tokens are not interchangeable.
At launch, NFTs are seeded into the vault. Pick any available vault NFT for 1 token, or sell an eligible NFT to the vault for 1 token. A mint costs 1 token plus any creator fee, from 0% to 10%, paid in that token.
NFTs and the market
Vault inventory is a set of NFTs available to choose. The collection token has a separate market, where its price changes with trading and liquidity. Holding a token does not guarantee that it can always be exchanged for an NFT.
Minting, picking from the vault, and selling to the vault are collection actions. Trading the token is a separate market action. Price can change before a transaction confirms.