FAQS

We’ve compiled a comprehensive list of common questions and answers about our Project. Browse the section, and if you can’t find what you’re looking for, get in touch and we’ll be happy to help.

​

As we dont have to the time to answer questions one at a time. We will constantly update this page with important and frequently asked questions. We will announce updates to this page.

​

•  What is RIsknRewards? We are a new breed of Membership NFT Project! We will bring NFT Collectibles and Services to our Members.  Every NFT will come with some form of Utility that can be tied to it and that is usually tied to something we do off-chain( Mining Pools, Nodes, Staking, Trading) and we bring those benefits back on-chain to fill/refill the pools we have made but you must stake your NFT to it to benefit. This helps benefit the growth of the Project and our Community.

• What is an NFT Membership?  NFT membership models use blockchain technology to verify asset ownership and grant the owners exclusive rewards or other benefits.   Non-fungible tokens (NFTs) are cryptographic assets used to uniquely represent all manner of digital items. The metadata of an NFT is secured on a blockchain, ensuring the verifiable proof of each token’s uniqueness and ownership. This also ensures that an NFT can't be altered or forged. Common applications of NFTs include digital art, collectibles, and in-game items. This asset class can also be utilized to prove real-world asset ownership (think property deeds), tickets, certifications, and even identity. Popular brands, including sports organizations, can use NFT-based membership systems to reward their customers or supporters. Access can be granted to a user when they connect their crypto wallet to the organization's platform and verify their ownership of a membership NFT. These tokens can then unlock a suite of online and offline perks, such as access to exclusive events and services and much more. 

•  How do I join WAXP? https://www.wax.io/get-a-wallet

• How much do your NFTs pay?  Essentially our NFT's pay nothing. Only the Staking Pools we in the WAX DAO NFT Farm that we fill where you can stake to have a possibility of rewards. So if you just buy and hold in it your wallet the NFT you earn nothing but Membership NFTs will always have additional benefits especially as we scale up. 

• How do you afford to keep filling the Staking Pools?  Well the great thing about us is that we will be self funding. After the initial sale between Locking funds in LP/DEX Mining Pools, Trading(Stocks and Crypto), and Staking we able to keep scaling up the Project without end. That is where our background in investing and constant learning of Crypto and the Blockchain will come in very handy.

• Will the Staking Pools keep growing?  The Membership Pool we will always try to keep growing or at least equal to the size of the last Staking Pool Rewards and as for other Pools we create they will have a possibility of growing as well.

• ​

​

We will keep updating this as needed....

(Updated 09/15/2023)