What needs to be considered when using multiple generic assets?
In Blockpit, there is the possibility to use so-called "Generic Assets" as placeholders for Crypto Assets or NFTs that are not yet available.
Generic Crypto Asset example:
- Type: Crypto asset
- Available quantity: 99
- Designation: Generic Crypto #99 (GENERIC-CRYPTO-99)
Generic NFTs example:
- Type: NFT
- Available quantity: 99
- Designation: Generic NFT #84 (GENERIC-NFT-84)
A total of up to 99 Generic Assets can be used in different Blockpit Depots.
However, it must be ensured that the same token number (e.g. GENERIC-CRYPTO-2 or GENERIC-NFT-84) is always used for the same asset and for different assets always a different token number (e.g. GENERIC-CRYPTO-2, GENERIC-CRYPTO-3 or GENERIC-NFT-4, GENERIC-NFT-17).
Important: Generic token transactions should always be used in combination with the Custom Rate feature.
CH: Users from Switzerland can only use the Generic Token feature to a limited extent due to the valuation logic, provided the tokens are sold before 31.12 of the current year.