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- What if the guardian dies or loses keys? 

If the guardian dies, this does not lead to a definitive locking of the NFT, as the guardian does not have control over the buyout process. If a buyout happens then the NFT will regain his mobility on the ethereum network. 

- Is it possible to use a multisig as a guardian ?

Yes, there is no limitation on this point so a multisig can be the guardian of the NFT.

- How do I spectralize my NFT ?

Firstly you need to lock your NFT, define your max supply, your token symbol. Then you need some ETH to pay the gas cost in order to execute the contract, then the spectralisation will occur.

- Do i renonce to the ownership when i spectralize a NFT ?

Yes, when you spectralize your NFT you become the guardian of it. This mean that as a guardian you will manage the dissollution of the property among the crowds, but the NFT is no longer yours. If you want to re-become the NFT owner you will have to buyout the NFT. 

- Is the total supply minted when i spectralize my NFT ?

No, when you spectralize the NFT the ERC20 tokens linked to it is created but its overall supply is not minted directly but is progressively minted each time someone add ETH into the pool.

- Is it mandatory to place ETH in collateral to mint my ERC20 tokens ?

No, if you’re not rich enought to bootstrap the liquidity pool you can just spectralized your NFT and wait for someone's minting your sERC20. The liquidity pool will then start to fill up. 

- Can i self allocate part of the tokens to me and my friends ?

Yes, each time tokens are minted, part of them are allocate to the gardian as well as to the set of adresses enter in parameters during the spectralization process. This allocation respect the allocation ratio set up during the spectralization.

- Can i add more than 5 ETH adresses in the allocation ratio ?

No, for the moment it is not possible to add more than 5 addresses. This is not possible because the necessary computation beyond 5 addresses would  increase the gas costs to an absurd level. When spectre will be ported in a L2 layer will add a feature allowing more adresses.

- Why i can’t pre-mint tokens upfront for myself ?

You can't pre-mint upfront because it's a choice we made for security issues. Indeed the problem is that if we allow a guardian to pre-mint a large amount of tokens for himself then he will be in a position where he is able to empty large part of the pool, which will lead to a massive drop of the tokens price therefore impacting all the buyers.

- Do I need an invite ?

No, you dont need an invite, spectre is a permissionless Dapp.


- Can i refuse a buyout ?

No, once the spectralization occur you are the guardian of the NFT but not the owner, anyone who buyout will become the owner of the NFT. So think twice when you set the buyout multiplier during the spectralization process. 

- Why do I have both ERC1155 and ERC20s in my wallet ?

The ERC20 tokens you buy on Spectre share the same metadata as the ERC1155. That’s why your wallet display the ERC1155, because, in fact, you own part the ERC1155 throught your ERC20.  This mean that if you send all your ERC20 to someone else you will no longer be able to see the ERC1155 in your wallet. 

- Where is the original ERC721 ?

The ERC721 is still there on the ethereum network but the ERC1155 contract own it. 


- Can i become a liquidity provider if i own some sERC20 tokens of a particular NFT ? 

Yes, if you hold spectralized token you can pool them into the balancer pool and earn trading fees. 

- Can I use my sERC20 tokens to open a liquidity pool on an another Dapp, such as Uniswap ? 

Yes, nothing prevent you to do so because your ERC20 are fongible, so you can use them as any other kind of fongible tokens to create a liquidity pool elsewhere.

- How do I claim my share when there is a buyout ?

When a buyout occur you can simply exchange your sERC20 tokens to get back your share on the buyout proceeds. Note that this « exchange » means  "burning" your sERC20 in exchange for the proceeds.

- Why the default balancer weight is 80/20 ?

We made this choice by default because it allows anyone to boostrap the liquidity pool with a low capital requirement. You can change this ratio in the advanced settings.

- Can i use other currency than ETH for my collatoral ?

No, for now we only allow trade between spectre tokens and ETH. We plan to add multiple assets collateral for the V2.

- Can i have a max supply superior to 1M ?

Yes, you can do so in the advance parameters. 

- Can i burn a spectralized NFT ?

The only way to burn a spectralized NFT is to buyout the NFT, then you'll be able to burn it.

- Can multiple NFTs be spectralized together ?

Yes, because we use ERC1155 so nothing prevent the spectralization of multiples NFTs.

- Can i spectralized an NFT i bought on antoher dApp such as Opensea, Rarible, or Foundation ?

Yes, you can spectralize any ERC721 you own, as long as it is fully compatible with the ERC721 standard.


- What is the "liqudity ratio" parameter ?

This liquidity ratio defines how much of the minted proceeds are automatically routed towards liquidity pooling. Thus, if a spectre token is set with a liquidity ratio of 10%, it means that 10% of its minting proceeds will be automatically routed to the default Balancer pool throughout its lifecycle. This way, spectre both create a default liquidity pool - thus preventing liquidity fragmentation - and guarantees that even low cap spectre token come up with liquidity on the secondary market.

- Does the 10% of the liquidity ratio that goes into the pool work as a 10% tax for the buyer ?

No, the 10% of the "liquidity ratio" create a liquidity pool shares which are set aside for the buyer. However, the buyer will only be able to unlock those shares in case a buyout happens. Thus, this LP shares constitutes a risk reward to align the buyers - initiating token inflation - incentives on the long term value of the token.

- As a buyer do i see this 10% in my wallet ?

No you wont. These 10% are set aside and hold by the `Broker` contract until a buyout happens.

- Do i earn trading fees on those 10% ?

Yes. Those 10% grant you LP shares - set aside until a buyout happens - which brings benefits through the pool trading fees. These fees are automatically transferred to you when you claim your share of a buyout.

- What is the one week TWAP the buyout rely on ?

TWAP mean Time-Weighted Average Price it refers to a trader strategy where a trader break up the large order into smaller size ones to make sure the price during the trade stays closer to market price. We use TWAP to reduce the slippage.

