Swap

The service offers users a swap function between the Web2-based virtual point 'FAO' and the Web3-based blockchain token 'FAND'. FAO represents a virtual point accumulated or acquired through activities within this service, while FAND is a token issued and distributed on the blockchain network.

Transparent and Secure Swaps:

• Swaps are conducted transparently and securely through Fandomdao's fully decentralized smart contracts

FAO to FAND Swaps:

• FAO acquired from Fandomdao can be exchanged for FAND, a digital currency

• A certain amount of FAO needs to be accumulated to exchange for FAND (BEP-20 or ERC-20)

• FAND can be traded via exchange(s) that supports the digital currency pairing

FAND to FAO Swaps:

• Users have the option to swap their FAND tokens back to FAO

• In case of FAO shortage, users can purchase FAND from the exchange and proceed with the swap

Swap Ratio and Limits:

• The swap ratio between FAO and FAND is subject to change based on market conditions, user demand, and token value fluctuations

• Users are permitted to utilize the swap function within daily and monthly swap limits

Swap Fees:

• A fee is incurred during the swap process, deducted from the user's account before the swap is executed