Smart Contract
Our smart contracts are built to ensure that minting funds are always secure for users. Written in ErgoScript, the smart contract is deployed on-chain. The contract has three possible outputs.
Mint an NFT
Issue a refund
Collect a royalty
If the contract mints an NFT, the funds the user deposited will be sent to the ErgoNames treasury. In return, the user receives a new ErgoNames NFT, ready to be used for receiving payments.
When issuing a refund, the user will receive all the funds back, minus a network fee to cover the cost of the on-chain transaction.
The royalty, which is set at 2%, only happens when a user sells the NFT on an auction house that supports royalties. This royalty uses the EIP-0024 standard.
A link to our smart contract can be found here.
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