Tokens and Emogram Sculpture redemption
Each Emogram NFT comes with one special Sculpture Redemption Token (SRT). There will be only 99 of these tokens, and no new tokens will be minted in the future. Owners of the specific emogram NFTs can burn 33 of these SRT tokens to redeem a physical sculpture of the specific Emogram NFT. Buyers would only be able to redeem the sculpture if they are the owner of the specific NFT. Users are able to buy just the SRT tokens, without the NFT, but the only use case for these tokens are the redemption of the sculptures. Distribution SRT tokens and trading starts after all the Emograms are sold.
By redeeming the sculptures, NFT owners first put their token in an escrow with the Founders. During the redemption process, NFT owners will be asked for their contact information and delivery address, and after the delivery of the sculpture the tokens are burned and removed from circulation. After every token is burned, there will not be any more tokens, and more sculptures cannot be redeemed; this means that there can be only 3 of these sculptures in total. Any NFT can only be redeemed once. After the redemption of the sculpture, the NFT is tagged as redeemed, and no additional sculpture can be redeemed, even if the buyer has 33 SRT.
Every redeemed sculpture has a QR code embedded on its surface. Owners of these sculptures can verify the originality of their sculpture by scanning the QR code. The hash of the QR code is produced after scanning, and it is compared to the one stored on-chain. Owners of these sculptures can verify the originality of their product any time, and multiple times as well, but the transaction and gas costs will be the responsibility of the owner.