Frequently Asked Questions (FAQ)

Based on the Ethereum Blockchain, Peacecoin is a decentralised exchange protocol that facilitates non-custodial trading of ERC-20 tokens. Peacecoin aims to unite the masses and their intentions for the betterment of humanity. It emerges to bring all economies and ethnicities together. Peacecoin is a selfless project executed to help others. Being a complete paradigm shift in a peace movement world, Peacecoin intends binding people as one

A private key is an encrypted alphanumeric code that permits access to your Crypto & DeFi wallet. It is the singular proof that you own your Crypto & DeFi assets. You need it to send transactions from your wallet anytime. As the name suggests, it must always be kept private and never to be shared with anyone else otherwise your wallet and the cryptoassets in it can be compromised and stolen.

When you do a transaction on blockchain, you have to pay certain amount of fees to the blockchain for processing the transaction. This fee is called Network fees. N.B: Peacecoin does not make any revenue from the network fees. It goes straight to the validators processing your transactions

Our platform functions as a one-stop marketplace that collects material from motivating brands and merchants. This approach simplifies things for everyone using the platform and will raise the caliber and number of services provided

NFTs can represent any asset digitally. It can be online-only assets such as digital artwork or real assets like real estate. Some examples are in-game avatars, digital/ non-digital collectibles, tickets, domain names, and more

Most non-fungible tokens can be purchased with Ether. So, owning and storing them in a digital wallet is the primary step. You can buy NFTs via an online NFT marketplace.

NFTs that use blockchain technology like cryptocurrency are generally secure. Their distributed nature makes NFTs nearly impossible to hack. The only security risk is that you could lose access to your NFTs if the hosting platform goes out of business

Fungibility is a term from economics describing the interchangeability of products/goods. For instance, an item such as a dollar bill is fungible when it is interchangeable with any other dollar bill. Contrastingly, non-fungible means the item is unique or distinguishable. For example, if you take a dollar bill and have it signed by a famous artist, it will become unique.

NFTs or non-fungible tokens are digital assets based on blockchain technology. Anything can become an NFT—a piece of art, sports memorabilia, or even a tweet

NFTs are digital files. They can be a jpeg of a piece of art, real estate, or a video. Turning files into NFTs helps secure them via blockchain to make buying, selling and trading efficient, reducing fraud considerably.

Like cryptocurrencies, non-fungible tokens also exist on a blockchain. It confirms the ownership and unique identity of the digital asset. A technology similar to Bitcoin and Ethereum is used to build NFTs. In fact, Ethereum is the widely accepted crypto in the NFT market

NFTs are considered a safe investment option. These tokenized assets are accessible to everyone. They empower you with basic usage rights. Moreover, most buyers invest in them because they believe the assets will hold value in the future

Some of the best ways to maximize the return from NFTs include Renting, earning royalties, Trading NFTs, NFT gaming and Adopting NFT-powered yield farming

Experts suggest that NFTs can be a good investment because you can resell them for profit. Several NFT marketplaces allow sellers to get royalties for their sold assets. However, proper research is necessary before investing so that you can gauge whether it suits your demands

Both cryptocurrencies and NFTs use the blockchain network for ownership verification. However, unlike a cryptocurrency, an NFT can't be directly exchanged with another NFT. NFTs are sold but not traded like securities on digital exchanges. In contrast, cryptocurrencies can be traded like securities.