FAQ's

The Basics of NFT

What is an NFT?

A Non Fungible token or NFT, that as it is commonly abbreviated, is either a digital representation of asset or a digital object that exists on a decentralized ledger. A Non-fungible token, as the name implies, is indivisible and unique. An NFT has a variety of applications including but not limited to provenance, record-keeping, elimination of intermediaries for artists, and a lot more! They can also serve as proof of authenticity for collectibles like original audio, video and digital images.

How is it any different from a normal art or image that I have?

The art that you have might not have inherent proof that it was created by the author except for the verbal claim. There are chances that the records might be lost in transit from one collector to another. However, with blockchain technology that powers the NFT, it is possible to prove the authenticity and also keep a record of the previous collectors.

Why can’t I just download or screenshot the image?

You can surely download or screenshot but it will be just the ‘image’ without the attributes and the properties that make the object unique, all of which is stored on the blockchain. While you may possess the ‘image’, it might not carry the properties and attributes that make it valuable, which means it is yet another image that does not carry value in secondary markets.

How do I prove that I have the original image or audio or video?

There is no separate effort required from your side to prove its originality. This task of establishing authenticity is adequately taken care of by the technology that powers NFT. In fact, this hassle-free process of proving makes the NFTs an ideal digital collectible investment.

Why should I even invest in NFTs?

NFTs represent collectibles in the digital space. Investing in collectibles with provable lineage and value is never a bad idea. It is to be noted that collectibles might be subjective in their value. Some NFT collectibles have grown by over 100x of their original value over a period of just days.

Considering crypto’s legal stance, will my NFT’s value dilute at any time?

While ‘cryptocurrency’ might have its share of legal uncertainty, the technology behind NFTs does not have such hassles. A lot of jurisdictions are catching up to accommodate this new dependable technology, considering them as legally valid proofs and pieces of evidence. Therefore, your NFT will always hold its value. It is also to be remembered that the NFT is inherently valuable and the technology only serves as a tool to prove its authenticity and keep a record of the NFT transactions.

What determines the value of an NFT art, music or video?

The value of any NFT, as much as it is for any collectible, is subjective and it might not be possible to fit it into an equation. However, certain factors like the rarity of the NFT, the person launching it, the asset/collectible it represents, and the profile of people owning other similar NFTs are known to increase the value.

For example, an NFT featuring the greatest and legendary comic character creator is bound to fetch high value, both at launch and in secondary marketplaces.

How do I purchase an NFT?

Now you can buy NFT with both USDT and fiat currency. An NFT can simply be purchased by adding crypto assets to your corresponding crypto account wallet or load balance to your fiat (USD/INR) wallet through Credit or Debit cards so that you can use the amount to buy an NFT from our collection.

Are NFTs considered as assets?

Non-fungible tokens can be considered as digital assets that have hardwired lineage on the blockchain. They can be traded on secondary markets or passed on to anyone you wish to, with full provenance like any original artwork in the real world that retains its value forever.

How will the authenticity of my NFT be determined and provable after I buy it?

Since the NFT is built on the Blockchain, all the attributes and properties associated with the NFT are carried forward. The inherent properties of the NFT Blockchain will take care to establish authenticity. In fact, the simplicity of provenance makes the NFTs a preferred digital collectible. We encourage you to read the Terms and Conditions for further details.

Does owning an NFT mean that I hold copyrights over the content?

Buying this NFT entitles you to certain rights and also restricts you from using the NFT in certain ways. We encourage you to read the terms and conditions to understand the details.

Can I display the NFT on a public platform?

You can display your NFT on certain public platforms for non-commercial purposes. You should not engage in any commercial activity using your NFT. We encourage you to read the terms and conditions to understand your rights, responsibilities, and restrictions.

About BeyondLife.club & GuardianLink

What is BeyondLife.club?

BeyondLife.club is a premium NFT platform that enables creators to launch their NFTs in their own launchpad. BeyondLife.club has already launched India’s biggest celebrity NFT collection AmitabhNFT and also have launched Stan Lee’s Chakra The Invincible NFT collection.

What is GuardianLink?

GuardianLink, a no-code NFT platform with a built-in Legitimacy Protocol. GuardianLink is a one-of-a-kind NFT platform that enables creators, brands and celebrities worldwide, to curate their NFTs in their own launchpads. GuardianLink powers BeyondLife.club, all its functionalities and attributes.

What blockchain are you using to power your NFT?

Our launchpad is powered by the Polygon Blockchain. Polygon has been preferred in terms of its scalability across the globe and because it has low gas fees. We do not, however, guarantee that the claims we have made will be held true in the future as it is completely not in our control.

BeyondLife.club’s NFT

What is the Amitabh Bachchan NFT?

Amitabh Bachchan NFT is a set of limited edition digital collectibles featuring the Bollywood superstar. It includes some of the most exclusive creations featuring the legend himself. That includes Madhushala, verses by Harivansh Rai Bachchan in Amitabh Bachchan’s voice, vintage movie posters, Poster autographing moments and BigB Punks. If you purchase them, you will be among the very few to be the owner of these exclusive NFTs!

What is the Chakra the Invincible NFT?

Chakra the Invincible NFT is a set of limited edition digital collectibles featuring the Chakra, one of the first international superheroes co-created by Stan Lee. It includes some of the most exclusive creations like 3D comic book covers, animations, stills, and a super-exclusive Stan Lee B'day special NFT! If you purchase them, you will be among the very few to be the owner of these exclusive NFTs!

BeyondLife.club Profile Overview

How do I create a profile on BeyondLife.club?

Creating a profile on BeyondLife.club is simple and straightforward. All you need to do is enter your email address and a valid password that complies with our password policy. You will be sent an OTP to confirm your account and once you click on the link, you are all set to access your account and it will automatically create a profile on BeyondLife.club. The profile is common for both buying & selling of NFTs on BeyondLife.club.

How do I update my profile information?

You will find an option to edit your profile on the top-right corner of the interface. You can click on the edit icon and make the necessary changes. You can change your first name, your last name, and details about your social profiles.

You also have an option to make your profile private, you want your information not viewable by other people who use the BeyondLife.club platform.

The BeyondLife.club NFT Launchpad

How do I become eligible to purchase the NFT?

All you need to do is create your account on our platform and fund your wallet with the appropriate amount of money.

You can either participate in the auction or purchase the NFT directly through the BeyondLife.club marketplace.

It is to be noted that, you will need to agree to our terms and conditions to be eligible to purchase the NFT.

How do I buy NFTs?

You can load your BeyondLife.club wallet with enough funds and you can either choose to buy or enter the auction of our exclusive NFTs. It is to be noted that, you have agreed to the terms and conditions, and you accept that you are, in every way, eligible to engage in the act of buying or participating in the auction, whichever is applicable.

What is the difference between direct buying and bidding?

In direct buying, you can just pay the amount stated as the price of the NFT and immediately buy it. In an auction, you will have to enter a bid price, and at the end of the auction, you will have to be the highest bidder to be eligible to win the NFT.

It is to be noted that even the option of buying has a certain time window after which you cannot buy the NFT. Once the auction ends, that particular item listed for bidding will not be available anymore.

Is there a minimum bid for NFT on the BeyondLife.club launchpad?

Every NFT listed on the BeyondLife.club platform has a minimum bid for that particular NFT. The bidding amount that you place cannot be lower than the minimum bid.

Any amount entered as the bid amount that is less than the minimum bid will not be considered or valid.

What happens if someone places a higher bid than my bid?

If someone places a higher bid than you, you will forfeit the chance of winning the auction. However, until the auction is open, you can bid for a higher amount.

The user who bids the highest will be considered to be eligible to own the NFT.

What will happen if my bid is the highest?

If your bid is the highest at the end of the auction, you are considered as the winner of the NFT auction. The NFT will become a part of your owned NFTs and you can claim it at any time of your choice, subject to the terms and conditions of the platform.

The BeyondLife.club Wallet

What is a wallet?

The wallet, in the context of our platform, is a software that holds access to the funds that you will use to transact with our platform. Please note that the wallet is common for the launchpad and the marketplace,for both buyer and the seller.

The cryptocurrency wallet that we use is a custodial wallet and the services are provided by a third-party service provider.

Why is a wallet necessary?

The wallet is central to your transactions with the platform. Since everything exists on the Blockchain and transactions have to be carried out within the Blockchain for the purpose of purchasing NFTs, a wallet is a component of uncompromising importance.

How can I load money into my wallet?

You can fund your wallet with three different options. You will need to click on the “deposit” button available on the top left of the profile, and you will be taken to a page where you can proceed to fund your wallet.

What are the payment options available?

As of now, you can find your wallet either using the payment gateway, card payment method or by using UPI, or by transferring from another cryptocurrency wallet.

What are the currencies accepted by your wallet?

It is to be noted that the Wallet supported by the platform will only accept the specific crypto coin USDT over specific protocols like/similar to ERC-20 for Ethereum, and Polygon, and BEP-20 for Binance Smart Chain Blockchains. While we may support other currency types and payment methods in the future, they will not be accepted unless and until explicitly stated on our terms and conditions.

I have other coins like Bitcoin and Ether. Can I use them to load money?

Unfortunately, you cannot use them directly to buy NFTs from our platform or fund your wallet. Alternatively, you can consider changing them to USDT on cryptocurrency exchanges. You can then use that currency to fund your wallet.

What happens to my unused wallet funds?

You will be able to withdraw the unused wallet funds after seven days of you funding the wallet. The amount that can be withdrawn and the conditions to be met before initiating the withdrawal process are defined in our terms and conditions. We urge you to go through the document in detail.

What if I get a transaction confirmation SMS and my wallet doesn’t reflect the payment?

If you get your transaction confirmation SMS and if the wallet does not reflect the payment, in most cases, the financial institution will credit the amount back to your account. In rare cases, you may contact our third-party payment services provider for support.

How do I withdraw funds from my BeyondLife.club wallet?

At any point in time, you can choose to withdraw the available funds that are displayed on your BeyondLife.club wallet. They will be withdrawn to the payment method that you used to fund them.

Applicable processing fees and charges levied by your financial institution/payment instrument will be deducted before the final crediting of the wallet balance to your payment instrument. It is to be noted that you can only withdraw your available funds and not the funds that are on hold because of the bids that you have placed.

For the NFT Launchpad Buyers & Bidders

How do I buy NFTs?

You can load your BeyondLife.club wallet with enough funds and you can either choose to buy or enter the auction of our exclusive NFTs. It is to be noted that, you have agreed to the terms and conditions, and you accept that you are, in every way, eligible to engage in the act of buying or participating in the auction, whichever is applicable.

What is the difference between direct buying and bidding?

In direct buying, you can just pay the amount stated as the price of the NFT and immediately buy it. In an auction, you will have to enter a bid price, and at the end of the auction, you will have to be the highest bidder to be eligible to win the NFT.

It is to be noted that even the option of buying has a certain time window after which you cannot buy the NFT. Once the auction ends, that particular item listed for bidding will not be available anymore.

Is there a minimum bid for every NFT?

Every NFT listed on the BeyondLife.club platform has a minimum bid for that particular NFT. The bidding amount that you place cannot be lower than the minimum bid.

Any amount entered as the bid amount that is less than the minimum bid will not be considered or valid.

What happens if someone places a higher bid than my bid?

If someone places a higher bid than you, you will forfeit the chance of winning the auction. However, until the auction is open, you can bid for a higher amount.

The user who bids the highest will be considered eligible to own the NFT.

What will happen if my bid is the highest?

If your bid is the highest at the end of the auction, you are considered the winner of the NFT auction. The NFT will become a part of your owned NFTs and you can claim it at any time of your choice, subject to the terms and conditions of the platform.

How do I claim my NFT?

You do not have to claim your NFTs. With our system in place, the process of claiming your NFT is completely automated. The NFT will be claimed to your collection as soon as it is minted.

Amitabh Bachchan NFTs

What are the NFTs that you offer as the official platform of Amitabh NFTs?

As a part of the first phase of the Amitabh Bachchan NFT launch, we offer four different categories of NFTs.

  • The first category is Madhushala
  • The second category is the BigB Loot Box.
  • The third category is Autographed Original Physical Posters.
  • The fourth category is a set of illustrations of Amitabh Bachchan art and BigB Punks.

What is Madhushala? How many Madhushala NFTs are available?

Madhushala is a classic Hindi poetry written by Amitabh Bachchan‘s father Shri. Harivansh Rai Bachchan. You will own an audio version of the poetry recorded in Amitabh Bachchan’s voice, as an NFT. There is one version available in Hindi and one version available in English.

What movie posters are available as NFTs?

You can check out the posters available for buying in the drop details page. Amitabh Bachchan iconic movie posters and him autographing those are true treasures under this section.

What is the BigB Loot Box?

The BigB Loot Box is a chance for you to win exclusive Amitabh Bachchan NFTs, brought to you by BeyondLife.club.

You can purchase one or any number of these loot boxes, and in it, you can win an assured NFT in every box. You can either find autographed posters or NFT art or BigB Punks inside the box.

What are BigB punks?

BigB punks are collectible artistic representations of Amitabh Bachchan with certain attributes and properties that make them special. BigB punks are smart contract generated NFTs that register the trademark in the NFT space.

Stan Lee’s Chakra the Invincible NFTs

What are the NFTs that you offer as the official platform of Chakra the Invincible NFTs?

As a part of the first phase of the Chakra the Invincible NFT launch, we offer seven different categories of NFTs.

  • Characters Stills "Loot Box"
  • Chakra ArtPunks - Character Stills "Auction"
  • Chakra “The Jumbo Jukebox”, comprising comic book covers and animated videos
  • Comic Book Cover - Limited Editions
  • 3D Animations of Seven Chakra Powers
  • Stan Lee's 99th B'day Special

What is Stan Lee’s B’day Special NFT?

The legendary comic creator, Stan Lee’s 99th B’day was on 28th December 2021. To honor this prolific creator and pay a tribute on his birthday, we’ve created an exclusive set of Stan Lee collectible NFTs that will feature some elements that you’ve never seen before!

It’s bound to be one of the most historic NFTs ever.

What are Chakra Artpunks?

Chakra Artpunks are generative images featuring different characters in Chakra comics. Every still features the character with their unique attributes and accessories. These stills are rare and unique.

What is the Character Stills Loot Box?

The Loot Box is a chance for you to win Chakra the Invincible NFTs, brought to you by BeyondLife.club

You can purchase one or any number of these loot boxes, and in it, you can win an assured NFT in every box. You will find an assured Chakra the Invincible character still NFT inside the box.

Why should I buy your Chakra the Invincible NFT?

The Chakra the Invincible NFT is the first of its kind, rare art NFT featuring the first Indian superhero co-created by Stan Lee. As you may have observed, every NFT has been hitting high prices in secondary markets, and they bring with them, an inherent proof of authenticity.

By owning the Chakra the Invincible NFT, you become one of the very few rightful owners of this rare digital collectible.

As a purchaser of the Chakra the Invincible NFT, what additional privileges do I get?

The winner of the premium auctions will receive an extremely limited Chakra The Invincible lithograph hand-signed by Stan Lee several years ago.

The BeyondLife.club Marketplace

What is the BeyondLife.club marketplace?

The BeyondLife.club marketplace is a platform that facilitates buying and trading of NFTs purchased on the BeyondLife.club launchpad. The platform provides an interface for buyers and sellers to interact with each other and trade the NFTs they have/want to buy.

How do I sign up for the BeyondLife.club marketplace?

If you have already bought/bid and one and NFT on the BeyondLife.club launchpad, you have already signed up for buying and trading of NFTs on BeyondLife.club. You will need only a single account for both selling and buying NFTs on BeyondLife.club.

You can refer to the section on how to create a profile to know how to sign up for the BeyondLife.club marketplace. You can also edit your profile and add your social media handles.

How do I pay for or get the payment for the NFTs?

Your profile has a wallet attached to it and you can fund your wallet with different payment methods. You can refer to the wallet section of the FAQs.

Is an NFT purchase reversible/refundable?

Once you have bought/traded your NFT, it is irreversible and the transaction amount is nonrefundable. If you have purchased the NFT, however, you can consider selling them again on the marketplace.

What is the difference between ERC-721 and ERC-1155?

ERC-721 and ERC-1155 are different token standards that are governed by protocol-determined functionalities.

ERC-721 token is just one edition that has particular attributes or metadata defined for each token present in the contract. Hence ERC 721 tokens are referred to as 1/1 NFTs. ERC 721 contract will have multiple tokens all unique inside it.

Whereas an ERC 1155 token has everything similar to ERC 721 token but in editions/copies of each token, present in the same contract.

As a result, both token contracts have provisions for and can serve a different purpose based on the creators' vision for the project.

Who do I contact for any questions/queries I might have?

You can get in touch with us at the email address [email protected] You may refer to the terms and conditions for any other discrepancy/difficulty you might face with BeyondLife.club.

Selling on the BeyondLife.club Marketplace

How do I become eligible to sell my NFT on the BeyondLife.club marketplace?

If you have purchased/won the auction for any NFT listed before on BeyondLife.club, and you have them listed under the “my NFTs“ section of your profile, you are eligible to sell your NFT on the BeyondLife.club marketplace.

BeyondLife.club does not charge any amount for listing your NFT for selling. Every NFT collector with at least one NFT in their possession is eligible to sell on BeyondLife.club.

What are the different options available for selling my NFT?

As you may have known, there are two different standards of NFTs: ERC-721 and ERC-1155.

ERC-721 NFTs can be listed for either direct buying or for bidding or a combination of both. ERC-1155 NFTs, however, can only be listed for direct buying and not for bidding.

What is the process of listing an NFT that I own for sale?

You will need to navigate to the “my NFTs“ section on your profile and click on the particular NFT that you would like to list for sale. Before you do so, you will need to ensure if your NFT belongs to the ERC-721 category or the ERC-1155 category.

If you have chosen an ERC-721 NFT, you will have an option to either list your NFT for direct selling or for bidding or for both.

If you have chosen direct selling, you will have to enter the sale amount. If you have chosen to list the NFT for bidding, you will have to list the minimum bid amount. If you have chosen both options, you will need to list a sale price and a minimum bid.

If you have an ERC-1155 NFT, you can only put it up for direct selling.

Can I edit the price of an NFT that has been put up for sale?

You cannot edit the price of the NFT that has been put up for sale. You can, however, remove the NFT from the listing and put it up for sale again with the edited price.

If your NFT has been listed for bidding, it should be noted that removing your NFT from being listed immediately cancels all the bids your NFT has received so far. Any person who has placed a bid on your NFT will have the bidding amount returned to their available balance on the BeyondLife.club wallet.

How can I list an ERC-1155 NFT for sale?

As you may have known, the ERC-1155 NFT can only be listed for direct selling. You can click on the specific NFT you would like to sell on the “my NFTs“ section of your profile. You can specify the price of the NFT that you would like to sell it for.

It is to be noted that if you own multiple copies of a single ERC-1155 NFT, you can specify the number of NFTs you would like to sell. You can also cancel the sale of a specific number of NFTs.

How long can I list the NFT for bidding?

As of now, there is no time limit for keeping your NFT open for bidding. The bidding for your NFTs will be active until you choose to close them. However, you will need to manually close the sale of your NFTs or the bidding will go on forever.

What happens after a person places a bid on my NFT?

As soon as a prospective buyer places a bid on your NFT, you will be notified via push notifications and an email. You are required to acknowledge the bid within seven days of the bid being placed. Otherwise, the bid will lapse and will revert to the previously acknowledged bid.

How do I remove an NFT from being listed on sale?

You can navigate to the section where all the NFTs listed for sale are displayed. You can choose the particular NFT that you would like to delist from being on sale, and choose the option to cancel the sale. It is to be noted that you cannot partly remove the NFT from being listed only for selling or for bidding. If you would like to remove your NFT partly, you have to list the NFT for sale from scratch.

Buying on the BeyondLife.club Marketplace

How do I become eligible to buy an NFT on BeyondLife.club?

All you need to do is create an account using your email address on the BeyondLife.club website and you are eligible to buy your NFTs after funding your wallet. The details about funding your wallet can be found in the “BeyondLife.club wallet“ section of the FAQ document.

How do I find the NFTs that I can buy?

You will be provided with a list of NFTs available for sale as soon as you open the BeyondLife.club marketplace website. You will also be able to see the list of top sellers and the top selling NFTs.

You also have an option to use filters to find the exact NFT you would like to buy. You can filter by the NFT type, the sale type, and the collection to fit the NFT belongs.

What are the different options available for buying an NFT on BeyondLife.club?

Based on the listing type, you can choose to directly buy the NFT that is listed for sale. Alternatively, if an NFT is listed for bidding, you can place your bid on the NFT two get a chance to make that NFT yours.

How does bidding on the NFT work?

You have to have sufficient wallet balance to place a valid bid on the NFT of your choice (provided it is listed for bidding). Once you click on the NFT, you will have an option to place your bid on the particular NFT.

It is to be noted that the new bid that you placed should be at least $5 higher than the earlier bid.

Is it possible to buy and bid simultaneously?

For a single NFT, it is not possible to buy and bid at the same time. You can, however, do so for different NFTs. It should also be noted that if you intend to immediately buy the NFT, it might not make sense to place a bid on it.

Why is it that some NFTs are available only for direct selling and not for bidding?

As you may have known, there are two different types of NFTs, ERC-721 and ERC-1155. ERC-721 NFTs can be listed either for selling or bidding. ERC-1155 NFTs, however, can only be directly sold and cannot be put up for bidding.

In addition, whether or not to sell the ERC-721 NFT through direct selling or by opening it up for bidding entirely depends on the discretion of the seller who is in possession of the NFT.

Who determines the price of the NFT?

The price of the NFT completely depends on the discretion of the seller. BeyondLife.club does not in any way influence the prices of the NFTs being listed on the BeyondLife.club marketplace.

Troubleshooting

Why am I not able to see the balance in my wallet even after the money was debited from my payment instrument?

You can check with your payment instrument/financial institution for the exact status. You can also notify us through our support email, and we will, with our limits and scope, address the issues for you.

When will I be able to see the NFTs I have acquired under the “my NFTs“ section of my profile?

There is a certain time window involved in processing the transfer of your NFT on the blockchain. The entire process should not take more than a few minutes. If you, however, feel there is an undue delay, you can contact our support team.

I accidentally purchased an NFT that I did not intend to. Will I be able to get a refund/return my NFT?

Unfortunately, the purchase of NFTs is non-returnable and not refundable. You can, however, try to sell your NFT on the marketplace by having it listed.

What is the artist fee and the service fee that is charged for every transaction?

The artist fee, as the name implies, is the fee given to the artist or the inspiration for creating/inspiring the NFT. It is charged as a percentage of the final price at which the NFT is sold.

The service fee is charged for the usage of the network resources to facilitate the transaction on the blockchain.

What is Discord?

It is a platform for NFT collectors and BeyondLife.club enthusiasts to connect with the community and interact with each other. The BeyondLife.club community is quite active on Discord.

There are also a lot of contests and giveaways that you can participate in.

How can I get listed among the top sellers?

The top sellers are chosen by the system based on algorithms. It is determined by the number of NFTs you have sold, the number of NFTs that have been listed, and the average price that you have sold the NFTs for.

How do I become an authorized seller on BeyondLife.club?

As of now, BeyondLife.club remains to be a launchpad for athletes, brands, and celebrities to launch their NFTs, and also a marketplace for the NFT collectors to sell their NFTs to others.

Completing your KYC/AML formalities makes you an authentic seller on the BeyondLife.club marketplace. It is, however, not under consideration right now to create a section of authorized sellers on the marketplace.

How do I see the ownership history of the NFT?

Every NFT will have a dedicated section that displays the record of all the ownerships. This will not only help you determine the accuracy of ownership but also the authenticity of the NFT.

How long will it take for the withdrawn money to appear in my payment instrument?

The time taken usually depends on the payment instrument and the financial institution that processed your payment. Crypto payments are quite likely to reflect immediately depending on the accuracy of your wallet address.

Should you face any unusual delay, you can contact our support team.

How do I determine the rarity of the NFT?

The rarity of the NFT plays a crucial role in determining the price. To ensure that we maintain the highest level of transparency, we have provided a rarity tool that will give you the rarity score associated with each NFT. It is to be noted that the rarity score is relevant on the BeyondLife.club marketplace. In fact, it is neither possible nor allowed for anyone to sell their NFTs purchased on BeyondLife.club outside the BeyondLife.club marketplace.