$NEON Fungible Token

The $NEON token is a fungible representation of Neon Blend Token NFTs. By sending one blend token NFT to the wallet tokenizednft, the smart contract locks the NFT asset and issues the counterpart asset as one $NEON fungible token per NFT. Multiple NFT assets can be exchanged this way in a single transaction.

This works both ways back and forth 1:1 between NFT and FT. When you send $NEON back to tokenizednft the $NEON token becomes locked by the smart contract and the counterpart locked NFT is distributed back to you. Multiple $NEON tokens can be exchanged this way in a single transaction. Note: You will not necessarily get back the same NFT mint number you originally sent to tokenizednft in this process.

$NEON token allows holders to trade off fractional parts of their Blend Token NFTs up to 4 decimal places (0.0000), but you must interact with tokenizednft in whole numbers. Less than whole numbers will result in a failed transaction.

The ability to interchange between NFT and FT in this way opens up opportunities to participate in the emerging DeFi space on WAX.