What is NFW?
1. What is NFW?
NFW, or Non-Fungible Warrant, is a concept related to NFTs (Non-Fungible Tokens), which are blockchain-based tokens issued through smart contracts. Both NFTs and NFWs share the characteristic of being non-fungible, indicating uniqueness that cannot be replaced by a specific price or value.
2. How does NFW differ from NFT?
While NFTs focus on being unique digital assets, NFWs add an additional dimension by incorporating the concept of warrants. NFWs, powered by software copyright, offer a membership to a specific goodwill and utilize a new economic theory called PROSUMELLER (Producer+Consumer+Reseller).
3. What role does the warrant play in NFW?
NFWs emphasize the inclusion of warrants, a function present in NFTs but rarely utilized. The warrant aspect is based on software copyright, and owning NFWs grants membership to a particular goodwill, introducing a unique profit structure backed by patents and copyrights owned by Khanaires Ltd., the founder of which is based in South Korea.
4. How is the profit structure of NFW unique?
Unlike other NFTs, the profit structure of NFW is supported by powerful patents and copyrights owned by Khanaires Ltd. These intellectual properties serve as game changers in the global market, allowing NFW holders to receive special types of royalties that are unprecedented. Among the many profits, the main source will be coming from our Khanteum app which is an audition based platform that allows people to boast their talents, and create their startup.
5. How are NFWs traded and why in national fiat?
NFWs are traded online, but uniquely, only through national fiat currencies rather than cryptocurrencies. This decision is influenced by taxation considerations and the prevention of anti-money laundering. The digital assets are traded in a centralized format, with taxes such as 'other income taxes' for royalties and VAT for sales of software copyright memberships being paid.
6. What is the new market concept introduced by NFWs?
The new market concept is termed "SEMI-DEFI," standing for Semi-Decentralized Finance. While NFTs are associated with the decentralized finance (DeFi) market, NFWs introduce the concept of SEMI-DEFI, combining centralized payment systems and decentralized features. This innovative market concept has been implemented in leading G20 countries like Korea, Dubai and India and we are planning to open in many other countries such as Malaysia, Indonesia, Vietnam, Thailand, Pakistan etc.
7. How has Khanaires Korea set an example in the market?
Khanaires Korea, the entity behind NFWs, has been paying taxes, including other income taxes and VAT, for the past five years. This exemplifies a centralized payment system, setting a precedent in a leading G20 country and contributing to the development of the SEMI-DEFI market.
8. Is this considered a security?
No, NFW is not considered a security. The owner of the project has integrated a patent named "Online Advertising System using a Contention-Type Forward Contract Database." This patent enables the use of a forward transaction technique, effectively avoiding the Howey Test. NFW distinguishes itself as a copyright royalty membership rather than a crypto asset, ensuring that end-users can receive royalties from the associated goodwill.
