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To put it concisely, our NFT acts as a membership token which can be used to claim one fragrance every six months for a period of two years. In order to receive your perfumes, simply connect your wallet to our website (we will create one for you if you do not have one, more info in FAQs), enter shipping information and they will be on their way. You must do this once for each fragrance, as there are four cycles for the release of this project.
The structure of the project is at its core a subscription service, with the NFT purchase (the “mint”) functioning as a one-time payment. Every six months, the previously available fragrance will be replaced by the next release in the line. This does mean that while minting the token gives you the right to own all four perfumes, you must still log into the website to claim them one at a time. However, we will be providing plenty of reminders over the course of the six months, and the claiming process will take no longer than 2 minutes. But if you do forget, fragrances will be available to be claimed retroactively for tokens which have not previously been used to claim them (more info on this in FAQs).
When you purchase one of our NFTs off the Subscribe page, you will become a member of a community of people who will receive all four of our fragrances and be able to collaborate on future scents. While there is always the possibility to purchase a membership token off a secondary market like OpenSea, there is no guarantee that you will be able to find one at the original price of $480. Therein lies your incentive to mint a token directly from our site, as you will not only be guaranteed all four fragrances but also will, as stated above, be getting an excellent deal on what you receive.
If you have missed the mint, and are choosing to purchase a token off the secondary market, make sure to do your research beforehand. Each one of our 2,222 tokens, while appearing the same, will be assigned a number. This will be represented on OpenSea as Scents of Wood Membership Token #1532 (as an example). Each token during any given period will either have already been used to claim a perfume or not, and you will want to know which one it is before purchase. We offer on our website a way to verify that a token has not been claimed yet for complete transparency. You can also use OpenSea to check this, as the metadata of the token will be updated after each claim (analogous to punching a hole in a punch card, only with a ton of code).
It is important to note that secondary market prices will likely be impacted by how many fragrances have been claimed, so be sure that the token you’re interested in has the number of fragrances you want available.
