In order to ensure no auctions can be maliciously bid on or manipulated we have implemented a Dutch auction. This means that every StrongBlock NFT releases with a timed auction and an initial start price and continues to decline
in price over time to its floor price. Once a StrongBlock NFT is live on auction, anyone can bid on and then purchase that NFT at any point.
How many NFTs are available?
We will be announcing how many NFTs we have created. If you are interested in purchasing one of StrongBlock’s newest NFTs, it's important that you have an account with Ethereum (ETH) and STRONG in your wallet in order to be able
to purchase a NFT.
What is the price of the NFTs?
The NFTs will be sold using a “dutch auction” method. This method means StrongBlock is not setting a fixed price. The purchase price is determined by the bidders and what they are willing to pay. The nature of the dutch auction
process means the bidder is protected from bidding a price that is too high and prevents high bidders from manipulating the process.
What is StrongBlock launching?
StrongBlock is launching 3 new NFTs to the existing “metals” collection, which began with the release of the Bronze NFT earlier this year.
Can I buy StrongBlock NFTs with a credit card?
No, you need to have ETH and STRONG in a digital wallet, like MetaMask in order to purchase NFTs.
What type of wallet do I need to buy one of StrongBlock’s NFTs?
You will need to have ETH and STRONG in a non-custodial wallet. An example of a non-custodial wallet is MetaMask.
How much ETH and STRONG do I need to have in my wallet?
Since it's a dutch auction, we do not control the final price of each NFT being offered for sale. Users need to consider that the price of the ETH and STRONG crypto-currency fluctuates and ‘gas’ fees are also added to the base
price. Each user should determine how much they want to have in their wallet to be able to buy the NFT of their choice.
Are the gas fees included in the price of the NFTs?
No. Gas fees are added at the time of purchase and StrongBlock doesn’t control these costs or receive any portion of these transaction fees. For more information about gas fees, please visit Ethereum.org.
Can I buy an NFT with Coinbase, Robinhood or Paypal?
No, you need a non-custodial wallet to be able to purchase an NFT.
How do I get or buy ETH and STRONG for my Wallet? What about delays and limits?
It's a two step process. First, you must purchase ETH and STRONG. There are well known platforms you can use to buy ETH. Once you have purchased ETH, you will need to transfer those funds into your wallet in order to buy an NFT.
Please note there are unique limits on the amounts of ETH and STRONG you can buy and sell based on your account and the platform you’re using to purchase ETH. There are also time delays from when you buy your ETH to when you
can transfer it to your non-custodial wallet (i.e. MetaMask) to make NFT purchases. Most platforms require you to hold the money in your custodial wallet before you can transfer it to use for purchases.
Are the NFTs available globally?
Yes, they are available in global markets where users have access to crypto wallets.
Are all the NFT tokens the same?
There are three new NFT tokens which will be revealed on launch day. Different NFT tokens will earn different rewards when they are staked to a node. There are other benefits as well.
How many NFT tokens can I stake?
You can stake (to nodes in your wallet) - the Bronze NFT 1 time - the Silver NFT 2 times (to 2 different nodes) - the Gold NFT 5 times (to 5 different nodes) - and the Platinum NFT 10 times (to 10 different nodes)
How do I claim?
Claiming is the process of moving your STRONG Rewards into your wallet. Rewards are earned every block and can be claimed at any time. On the Mining tab, you claim rewards by clicking on the number of tokens displayed in the "My
On the Nodes tab, you claim rewards by clicking on the "Claim" button as displayed at the top of the screen.
What are the StrongBlock fees?
There are fees that StrongBlock collects to provide the service. Fees are relatively small and account for a very small percentage of the transaction, typically a fraction of a percent.
What are the Ethereum Gas fees?
Every transaction on the Ethereum Main Network are charged network fees. StrongBlock does not collect or control these fees.
What is Mining?
Mining is the process of "staking" your STRONG tokens into a pool for rewards. When you mine in a Pool, you are rewarded STRONG.
What are Nodes?
Nodes provide crucial blockchain data, yet aren't rewarded - so there's no reason to stay in compliance. To solve this, we let you launch compliant nodes in seconds, and receive rewards.
What are Rewards and how to I get them?
StrongBlock provides rewards each day for being involved with the protocol. These rewards are for the following activities: mining, node signaling, being signaled, NFT staking, and running a node.
What is Signaling?
Signaling is the process of voting for your favorite node. You are free to Signal more than one node, and you get rewarded for Signaling. The nodes you Signal also get rewards for being Signaled.