FAQs

Kred NFT is a new class of digital asset for sharing and connecting, powered by Blockchain and SocialOS. Together with the Kred NFT application, it is designed for giving, tracking and playing. It is based on:

A Kred NFT is not a cryptocurrency - it is a non-fungible collectible asset. Each NFT derives value from the Moment it represents, its Circulation Trail and the social capital that comes with holding, trading or gifting the token.

Kred uses Polygon as its main Blockchain.

Polygon solves pain points associated with Blockchains, like high gas fees and slow speeds, without sacrificing on security.

If you want to trade on the Ethereum blockchain, that trade costs gas. “Gas” is the processing cost of powering a transaction on Ethereum. You can write your transactions to the Ethereum blockchain if you pay the gas. If you wish to store your Ƙred NFT transactions on the Ethereum network, we pass on the gas fee.

Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.

Polygon combines Ethereum's and sovereign blockchains into a full-fledged multi-chain system.

No - Kred NFTs are a Non-Fungible Digital Asset and are not a Cryptocurrency. There is no Kred NFT ICO.

1. Fungible
   
   
1. Currencies
2. Securities
3. Commodities
4. Utility Tokens
   
   
2. Non Fungible
   
   
1. Collectibles
2. Utility Tokens

To understand why CryptoCurrencies have value you must understand what gives them Value.

The following are some of the drivers of cryptocurrency prices:

1. Limited Supply and supply/demand.
2. The utility of the currency - how easy it is to use and store.
3. Perceptions of its value by the public.
4. Media.
5. Investors.
6. Scams.
7. Confidence in traditional systems.

Many Brands are finding that reaching their customers and leads is becoming more difficult - People aren’t opening emails and have become trained not to click on ads.

Branded Kred NFTs are a disruptive technology to help Brands cut through.

Create your Brand's own digital collectibles and give your leads and existing customers something worth real value that carries the message of your brand.

There are some important differences between your Brand's customized NFTs and Bitcoin:

1. Bitcoin is a cryptocurrecy where every unit of value is interchangeable for another equal unit of value. Your customized NFTs are collectibles tokens. Every NFT is actually unique and may be sold or auctioned in the Collectibles Marketplace for a unique value.
   
   
2. Kred NFTs are customizable and can be personalized to represent your business. Control the:
   1. Coin Name
   2. Color
   3. Pattern or texture (optional)
   4. Image or video on the front
   5. Image or video on the back
   6. Coin Value (from $0.01 equivalent)
      
      
3. While Bitcoin is traditionally anonymous, every Kred NFT is social, and includes:
   1. A conversation stream, showing comments between the person who currently holds the NFT and those who have held it in the past.
   2. A Circulation Count, showing how many unique individuals have held this NFT in the past, helping indicate scarcity.
   3. Likes, showing which NFTs people find the most attractive or desirable.
   4. Requests, showing who wants the NFT and giving the current NFT holder the opportunity to gift to them.

One of the benefits of creating and sharing your Brand's own Kred NFTs is that it helps build your Contact list.

Every NFT that you create is a network, and as that NFT changes hands between your customers or leads, they are added to the network.

PeopleBrowsr's Engagement Center provides CRM style visibility into each of these networks, displaying each Contact's card, including for example, their:

1. Name
2. Avatar
3. Kred Influence and Outreach Score
4. Bio
5. Location
6. Email
7. Social accounts

1. Share Request or Giveaway URLs on your website or social channels
   Every NFT carries a unique Request URL that you can post to your blog, website or social channels. Customers and leads can click this link to request the NFT, which notifies the current coinholder who can then approve and give someone the NFT.
   
   Should you wish your NFT to be claimed without approval, simply share the NFT or its batch's Giveaway URL.
   
   
2. Give NFTs on Social
   Send a NFT's Giveaway URL to someone in your Community on social for them to claim the NFT in a single click!
   
   
3. Share NFTs on Social
   Every NFT is optimized for social sharing and will populate cards on Twitter, Facebook etc with an image of the NFT being shared along with it's name and description.

Much like the internet helped stores evolve from brick-and-mortar physical locations to e-commerce, the introduction of Blockchain is helping facilitate the evolution of branded collateral from stressballs and fridge magnets to digital tokens and collectibles.

1. Kred NFTs can be sold, auctioned or given on the NFT Kred platform, or sent directly to a compatible blockchain wallet.
   
   
2. Kred NFTs can be sold or auctioned on approved ERC721 exchanges, including OpenSea and Rare Bits.
   
   
3. Kred NFTs can not be traded on a cryptocurrency exchange.

You start by registering on App.NFT.Kred

Once you have entered a unique email address, username, and a verified cell phone number you will be taken to the Kred NFT Hub Builder, where you can create tokens or buy NFTs available for sale. 

You can create 10 FREE NFTs to start with. 

Please check www.NFT.Kred/pricing to see what plan suits you best.

Yes! You can store your tokens in any compatible wallet. Keep in mind that you will only be able to see your tokens in your external wallet, if they are supported.

Eg: You can use Metamask in the NFT.Kred Platform but you are unable to see tokens in the actual Metamask interface.

1. Make sure to have Google Chrome as your browser
   
   
2. Visit metamask.io and click on “Get Chrome Extension”
   
   
3. Download the extension
   
   
4. Open the extension and accept the privacy notice and terms of use
   
   
5. Enter a password of at least 8 characters (make sure to save it)
   
   
6. Save your 12 given seed words utilizing their .csv download feature

1. Open your MetaMask extension
2. Click on the three dot icon (...)
3. Click on “Copy Address to Clipboard”
4. You are now able to paste your wallet address anywhere

Create Collectible NFTs that you wish to keep, trade or sell

Create Redeemable NFTs when you are offering a redeem offer with it.

Eg: A ticket, a download, a discount, etc

1. Listing on OpenSea is Free
   
   
2. At purchase time, a 2.5% fee will be deducted

The Crypto Collectibles and Digital Tokens universe are constantly changing with new technologies and government regulations around the globe.

One of the purposes of such regulations is to increase vigilance and safeguards against illegal money laundering (AML - Anti Money Laundering) using digital currencies.

Companies like NFT.Kred who help trade between virtual and fiat currencies are required to do client due diligence (otherwise called Know Your Customer, or KYC) in certain regions.

To complete our KYC process, you are required to submit the following:

1. A photo of a government issued ID (Driver’s License, Passport, ID card) including your residential address
2. A front profile picture of your face
3. An additional proof of the name and residential address shown on your government issued ID (utility bill, bank or credit card statement).

Kred has applied for Austrac registration and are in the process of applying for Fincen registration. We are fully committed to be 100% compliant with KYC requirements.

This will provide assurance in the transparency of our internal processes and sustainability of our operations.

Not completing the KYC compliance process will limit your ability to use Kred Coins in the following ways:

1. You will not be able to purchase more than $100 worth of Actions
2. Any additional limitations according to the regulations in your region

Kred’s dual scores for inbound and outbound communication capture the complete spectrum of action, from Influence and Outreach. A person with Kred of “719 over 5” has Kred Influence of 719 and is on Kred Outreach Level 5.

Influence is scored on a normalized 1,000 point scale globally and within communities. It measures how effectively someone inspires action. Retweets, replies, likes, comments and new follows all grow Kred on Twitter. If a reaction comes from a person with more than 10,000 followers, it has a greater positive effect on Influence. When you add Facebook to your account, likes, comments,mentions and shares on your wall and the walls of others who have connected their account will also generate points.

1. A Contact is anyone you know, and may include:
1. Your Followers and people you follow on Twitter;
2. People in shared Contact groups, eg Empire.Kred players or Verified Kred Influencers;
3. People to whom you've sent a message, Digital Asset or invitation, or;
4. People you have added manually, either one by one or by uploading or syncing a list from Mailchimp or another platform.
   
   Contacts who are not also Connections display their public contact information only - Typically their social accounts, Kred Score, location and bio.
   
   
2. A Connection is a Contact who you have a 1st-degree relationship with, and has actively agreed to share their private contact information with you

Yes. Giving a Kred NFT is an act of Outreach and is rewarded by boosting your Kred Outreach Score by 10 Pts.

Receiving Kred NFTs as a Gift boosts your Kred Influence Score by 10 pts.