What is Fiat24 NFT? Why do I get an NFT after creating an account?
Fiat24 is a Web3 bank that operates differently from traditional financial institutions. Unlike conventional banks, Fiat24 doesn't rely on account numbers or passwords for authentication. Instead, it uses NFTs as digital bank credentials. Minting an NFT unique to you is the equivalent of creating your own bank account. To access your funds, identity verification is done through private key signatures, rather than certificates or transaction passwords. Since owning the NFT grants you control over your bank account, it's important to keep your account NFT secure and refrain from transferring it to others.
What are Fiat24 Asset Tokens?
When users deposit funds into Fiat24 bank, the bank will issue the same amount of tokens to the user's wallet on the Arbitrum network. RMB corresponds to CNH24, USD corresponds to USD24, EUR corresponds to EUR24, and CHF corresponds to CHF24. The asset tokens have the following rules:
1. When users transfer funds out of the bank, the corresponding tokens will also be transferred out. When users transfer asset tokens out of their web3 wallet, the funds in the bank account will also be transferred out.
2. Only holders of verified Fiat24 NFTs can transfer asset tokens. If the tokens are transferred to an address without an NFT or with an NFT that is not verified, the tokens will be locked at that address and cannot be transferred again.
Is it possible to transfer the account NFT to another wallet address? Will the assets in the account be transferred accordingly?
NFT can be transferred to other wallet addresses that do not hold Fiat24 NFT, but the assets will not be transferred with it. After the NFT is transferred to another wallet address, the original assets will be frozen. Only by transferring the NFT back to the original address can you continue to manage these assets. The bank account transfer can be completed by first transferring the assets and then transferring the NFT.
Can multiple accounts be created with one wallet address?
Only one account NFT can be minted per wallet address. Even if the NFT is transferred out, it cannot be minted again.
What should I do if my wallet's private key is leaked?
If your NFT and assets have not been stolen, please transfer the assets to another of your wallets. After the transfer is completed, transfer your NFT to the same new wallet. You can use banking services through the new wallet.
If your assets or NFT have been transferred, please contact the bank customer service to retrieve it: https://t.me/fiat24bot
