HashNFT

HashNFT is the first RWAs based NFTs issued by MerlinProtocol, which realizes the whole process of Bitcoin mining investment, including pre-sale period, observation period, delivery period, and ending period on smart contract. The smart contract automatically carries out capital settlement and mining income output delivery according to the state of the Oracle. This ensures an open and transparent settlement process and eliminates the possibility of embezzlement, allowing NFT holders to earn the same investment returns that real world miners enjoy in mining.

HashNFT is the hash power NFT upon issuance and the most important underlying asset of Merlin Protocol. HashNFT is based on overseas mining farms operated by the overseas foundation. This token converts the shares of hash power into ownership token NFTs and circulates them in the blockchain network.

During the initial offering of HashNFT, users can purchase it. Each HashToken is equal to n T/Hs hash power of some days term, regardless of any other factors such as the mining farm situation and miner model.

A user holding the HashNFT is entitled to the output of n T/Hs hash power before the expiration date. The user does not need to care about the operation of the mining farm and can continuously gain rewards without paying any costs. Merlin will collect every day's mining output, and distribute it to all holders every day.

The mined BTC will be paid to users in the form of wBTC, which can be exchanged for BTC at any time on the exchange or used REN network bridge cross-chain.