6.2.1. NFTs As Participation Proofs

Users will mint a participation NFT when participating in savings pools to be started on the Nexspecto platform with different assets, periods, participants limit and pool size.

Participation NFTs provide proof that the user is a member of the relevant savings group and of the rights and obligations associated with the group.

Participation NFTs will be decisive in the liquidation and transfer of saving group participant rights.

When the Savings group ends, participation NFTs will only have commemorative value and will not represent any rights or obligations on the platform afterwards.

Participation NFTs can be sold as transferable NFTs in secondary markets by the relevant savings group participants whose owns these NFTs. In this case, there is no problem as long as the savings group payment obligations are met. However, during or before the liquidation process, there may be a situation where participation NFTs are abused by the participant. In this case, since the admin authority of the savings group participation NFTs will be on the Nexspecto platform, the sustainability of the savings groups will be ensured by selling and transferring these NFTs with the admin authority by Nexspecto.