FAQs

Quick answers-links to the most frequently asked questions.

What are DBunker Points? What can I do with them?

DBunker Points serve as your proof of participation in DePIN pre-mining programs and your eligibility to claim mining rewards and incentives in the future when the mining token goes live. Users have the option to convert your points into mining tokens in the future, or choose to sell the accrued points on Whales Market for immediate cash out.

How long will I accrue my DBunker Points?

If you used our cloud mining service and purchased one of the NFTs, the validity periods of the NFTs determine how long you will accrue DBunker Points.

What are snapshot points? When are snapshot done?

DePIN mining programs are typically structured into distinct seasons, each spanning different lengths of time. An eligibility snapshot is taken after each season concludes to determine who qualifies for mining rewards based on their participation. Since mining program snapshots might fall within the validity period of our cloud mining NFTs, our reward calculation will also be phased. Each snapshot will serve as a boundary between points for different seasons, known as 'snapshot points'."

For instance, if you purchased an IO.NET A100-PCIE-40G*4 NFT on April 18, 2024, at 23:59:59 UTC, as Io.net Ignition Program Season 1 snapshot completed on April 30th, 2024, at 23:59:59 UTC, you will accumulate 4,800 DBunker points for Season 1 (calculated as 12 days * 400 points per day), and 7,200 DBunker points for Season 2 (calculated as 18 days * 400 points per day), totalling 12,000.

Can I sell or transfer my NFT? What happens to my accrued points?

Our NFT is composable with DeFi and can be traded or transferred on-chain. If you sell or transfer your NFT during its 30-day validity period, you will retain any IO token rewards earned but will forfeit the chance to accrue more. The new owner of the NFT will then begin to accrue mining rewards for the remainder of the validity period. Please note: listing your IO.NET GPU worker NFT on markets such as Magic Eden is considered "selling" and you will stop accruing mining rewards from that moment.

Are there any fees charged from holding the NFTs?

A management fee of 10% will be deducted from the IO token rewards when they are credited to NFT holders. For example, if 100 IO tokens are mined out, the actual IO tokens credited to NFT holders will be 90 IO tokens after the management fee deduction.