bigNFT Tokenization
bigNFT Tokenization is the second step in our bigNFT standard, which represents a user's initial assets by a set of fungible tokens. A smart contract is used to perform this step. Similar to existing token standards, bigNFT owners need to provide basic token information such as name, total supply, divisibility, initial price, vesting scheduler, etc.
The difference of these smart contracts is that they have predefined methods corresponding to the rules of security law. Currently, there are many types of security tokens, such as common share, preferred share, fixed-income, etc. Each type has its own set of requirements to meet, such as attestation provider, token transfer, transfer agent, etc. Therefore, bigNFT holders need to choose the type of token they want to create and comply with the corresponding requirements in the smart contract.
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