The Reforge means replacing the taxman. After NFT Silver has been reforged, the reforger can replace the taxman with himself/herself, to receive the further tax income till the NFT be reforged in the future.
Users can only reforge the NFT silver they own when they are not the corresponding taxman of NFT SIlver.
The reforging fee will be increased by 10% with the time of reforging: 10 SAP as the fee will be charged in the first time of reforging, 10 * 1.1 = 11 SAP as the fee will be charged in the first time of reforging, etc.
At the first time of reforging, the first taxman will receive the entire 10 SAP from the reforger;
At the second time of reforging, as the reforging fee is 11 SAP, half of the appreciation part, which is (11 - 10) * 0.5 = 0.5 SAP will be burnt. The second taxman will receive the 10.5 SAP.
At the third time of reforging, as the reforging fee is 12.1 SAP, half of the appreciation part, which is (12.1 - 11) * 0.5 = 0.55 SAP will be burnt. The second taxman will receive the 11.55 SAP, etc.
1. In NFT Pool, click 【Reforge】
2. In Reforge page, click 【Select NFT】
3. After selecting NFT, click 【Confirm】
4. Click 【Reforge】and 【CONFIRM】for the 10 SAP reforge transaction fee, reforge completed.