FAQ | Emparium

1. What is Emparium?

Emparium is a unique project that combines physical antique coins with NFT tokens, allowing collectors to own a piece of history in both digital and physical forms.

Emparium aims to bridge the physical and digital worlds by creating NFTs that are directly linked to real historical coins. Each physical coin is divided into 2 Emparium NFTs, making the value of one NFT half of the physical coin’s value. By owning both NFTs for a coin, you have full rights to the physical coin stored in Emparium’s vault.

2. How does Emparium work?

Emparium is an innovative project that combines physical antique coins with NFT tokens, creating a unique blend of tangible and digital assets. Here’s how it works:

Acquisition of Antique Coins: Emparium sources genuine antique coins, each with its own historical significance and value.

NFT Creation: Each physical coin is paired with a unique Non-Fungible Token (NFT) on the blockchain. This NFT acts as a digital certificate of authenticity and ownership.

Ownership and Trading: Owners of these NFTs have verifiable proof of ownership of the corresponding physical coin. These NFTs can be traded on various blockchain marketplaces, including TON, allowing for easy transfer of ownership without the need to physically move the coin.

Physical Coin Custody: The physical coins are securely stored by Emparium or a trusted third party. Owners can choose to redeem their NFT to take possession of the physical coin if they wish.

Benefits:

Security: Blockchain technology ensures that ownership records are immutable and transparent.
Liquidity: NFTs can be easily traded, providing liquidity to what would otherwise be a static asset.
Accessibility: Collectors and investors from around the world can participate without geographical limitations.
Historical Value: Each coin carries historical significance, adding cultural and educational value to the investment.
Value Appreciation: With each physical coin purchased by Emparium, the value of the coins is likely to increase, following the law of supply and demand.

3. On which blockchain platform are the NFT tokens issued?

The NFT tokens are issued on the TON blockchain. Using TON has several advantages:

High Scalability: With its unique dynamic sharding architecture, TON can handle millions of transactions per second.
Low Transaction Costs: Transactions on TON are very economical, making it attractive for users.
Integration with Telegram: The platform has close integration with the popular messenger Telegram, providing ease of use and access to a wide audience.
Security and Eco-friendliness: TON uses the Proof-of-Stake consensus algorithm, ensuring high security and energy efficiency.

4.How can I verify the authenticity of an NFT token?

Each NFT token has a unique QR code on its image. Scanning this QR code will confirm the token’s authenticity and provide additional information about the coin.

5.Are the physical coins genuine?

Yes, all physical coins in the Emparium project are genuine and have real market value. All coins were purchased from official numismatic shops and auctions around the world.

6. How can I purchase NFT tokens?

Here’s how you can purchase NFT tokens on the Emparium marketplace using getgems.io:

Create a TON Wallet: First, you’ll need a TON-compatible wallet. Popular options include TON Wallet, MyTonWallet, Tonkeeper, and Telegram Wallet. Follow the instructions on their websites to set up your wallet.
Fund Your Wallet: Purchase Toncoin (TON) from a cryptocurrency exchange like Binance or KuCoin and transfer it to your TON wallet.
Connect Your Wallet to getgems.io:
- Go to getgems.io.
- Click on the “Connect Wallet” button in the top-right corner.
- Select your wallet (e.g., TON Wallet, MyTonWallet, Tonkeeper, or Telegram Wallet) and follow the prompts to connect it.
Browse the Marketplace:
- Use the search bar or browse through collections to find the Emparium NFTs.
- Click on the NFT you are interested in to view its details.
Purchase the NFT:
- Click the “Buy” button on the NFT’s page.
- Confirm the transaction in your wallet. Ensure you have enough TON to cover the cost and any transaction fees.
- Once the transaction is confirmed, the NFT will be transferred to your wallet.
Verify Your Purchase:
- Go to your wallet and check the “Collectibles” or “NFTs” section to see your newly acquired NFT.
- You can also view your NFT on getgems.io by clicking on your profile.

7. How can I transfer or sell my NFT tokens?

Transferring or selling your NFT tokens is a straightforward process. Here’s how you can do it:

Connect Your Wallet:

Go to the marketplace where you want to transfer or sell your NFT, such as getgems.io.
Click on the “Connect Wallet” button and follow the prompts to connect your TON wallet.

Locate Your NFT:

Navigate to your profile or wallet section on the marketplace.
Find the NFT you want to transfer or sell.

Transfer Your NFT:

If you want to transfer the NFT to another wallet, click on the NFT and select the “Transfer” option.
Enter the recipient’s wallet address and confirm the transaction in your wallet.
The NFT will be transferred to the recipient’s wallet once the transaction is confirmed.

Sell Your NFT:

If you want to sell the NFT, click on the NFT and select the “Sell” option.
Set your desired price and choose the type of sale (fixed price or auction).
Confirm the listing in your wallet. Your NFT will be listed for sale on the marketplace.
Once a buyer purchases your NFT, the transaction will be processed, and the funds will be transferred to your wallet.

8. Where are the physical coins stored?

The physical coins are stored in a secure vault in Prague, Czech Republic. There are plans to create a museum-vault to showcase these coins in the future.

9. How is the value of NFT tokens related to physical coins?

The value of each NFT token is directly backed by the value of the corresponding physical coin. As more antique coins are acquired and stored by Emparium, the overall value of both the physical coins and the NFT tokens is expected to increase. This is due to the principles of supply and demand: as the availability of these unique and historically significant coins becomes more limited, their value, along with the value of the associated NFTs, is likely to rise.

10. Why should the value of Emparium NFT tokens and physical coins increase?

Limited quantity: Antique coins are limited in number, making them rare and valuable.

Increasing demand: With growing interest in collecting and investing in antique coins, demand for them increases, raising their value.

Real value support: The value of each NFT token is backed by the value of the corresponding physical coin, making them a reliable investment tool.

Growth in coin inventory: As the number of antique coins in storage increases, the value of both the coins and the NFT tokens is expected to rise.

11. Why are 2 NFT tokens minted for each physical coin?

Fractional Ownership: Minting 2 NFT tokens for one physical coin allows for fractional ownership, making investments more accessible to a larger number of people.
Increased Liquidity: A larger number of tokens increases liquidity, making it easier to buy, sell, and trade tokens.
Ownership Flexibility: Owning a fraction of a coin through NFT tokens allows collectors and investors flexibility in managing their assets.
Partial Redemption Possibility: If an owner wants to redeem the physical coin, they can do so by redeeming both tokens. This provides an additional level of control and security for owners.
Accessibility for Different Investors: Two tokens can cater to different types of investors. For example, one token can be sold at auction, while the other can be sold at a fixed price, attracting different audiences.

12. What is the market impact of Emparium?

As the number of antique coins in storage increases, the value of these coins and the corresponding NFT tokens is expected to rise, making them a valuable investment for collectors.

13. What are the advantages of using Emparium NFT tokens?

Ownership Verification: Emparium NFT tokens provide a secure way to verify ownership of antique coins, protected from unauthorized access.
Low Transaction Costs: Using the TON blockchain ensures low transaction costs.
Real Value Support: The value of each NFT token is backed by the value of the corresponding physical coin.
Uniqueness and Rarity: Each NFT token is unique and cannot be counterfeited or copied.
Value Appreciation: As the number of antique coins in storage increases, the value of both the coins and the NFT tokens is expected to rise.
Security and Transparency: Blockchain technology ensures a high level of security and transparency for all transactions.

Here are the reasons why Emparium uses ancient coins in its first collections:

Historical Value: Ancient coins have a rich history, making them extremely valuable to collectors. They represent different eras and cultures, adding depth and significance to the collection.
Rarity and Uniqueness: Ancient coins are limited in number, making them rare and desirable among collectors. Each coin has its own unique history and characteristics.
Investment Appeal: Due to their rarity and historical value, ancient coins often appreciate in value over time. This makes them attractive to investors looking for reliable and valuable assets.
Cultural Heritage: Ancient coins are part of humanity’s cultural heritage. They reflect the economic, political, and social aspects of past civilizations, making them important for preserving and studying history.
Aesthetic Appeal: Many ancient coins feature intricate designs and craftsmanship, making them aesthetically pleasing. They can be true works of art.
Building Trust: Using ancient coins in the first collections helps establish trust in the Emparium project. It demonstrates the project’s seriousness and reliability, attracting more collectors and investors.
Future Expansion: Over time, the project will incorporate coins from other periods, broadening the range of historical artifacts available to collectors and investors.

These factors make ancient coins an ideal choice for Emparium’s first collections, ensuring high value and appeal for users.

If you have any other questions or need further assistance, please contact our support team!