Elastos Insights

Elastos BPoS NFTs: Frequently Asked Questions (FAQ)

Elastos BPoS NFTs FAQ

1. What are BPoS NFTs? A: BPoS NFTs are unique tokens that represent staked ELA on the main chain network. They allow users to retain asset liquidity while securing the network, offering flexible options like trading and collateralizing staked ELA.…

How to Use BPoS NFTs on Elastos: A Step-by-Step Guide

The Bonded Proof of Stake (BPoS) NFT system on Elastos allows users to mint, claim, manage, and redeem ELA-backed ERC721 NFTs, unlocking liquidity for Smart Chain utility whilst supporting the mainchain network’s security. Want to learn more about BPOS NFTs?…

Unlocking Staked ELA: Introducing Elastos’ BPoS NFT System

Staking cryptocurrency assets typically means locking them away for months, leaving users unable to take advantage of new opportunities—a common frustration in the crypto space. But what if the Elastos ecosystem allowed users to unlock staked Mainchain ELA without unstaking?…