How to use it ?
Example: Rent out utility tokens
As we can see, there are many utility tokens; Gaming props, Coupon tickets, etc, you may not have to buy them but want to use their utility, such as membership
Example1:Collateral needed mode
There are two roles. Alex has an NFT, and Mary wants to borrow it.
First, Alex uses his cryptocurrency wallet MetaMask to connect to the platform, UniBridge. Second, he has to choose which NFT to rent out and set rental conditions such as rental fees and collateral.
Then Mary wants to borrow this NFT and agrees with the deal. She has to connect her MetaMask and sign the smart contract. Next, the smart contract will proceed immediately. She will get the real NFT once the processing is completed.
Example2:Collateral-free mode
To prevent the rented NFTs from being liquidated, we offer a collateral-free model, which can really help some people who don't want to lose their NFTs due to some scams or expired although they still can get collateral.
There are two roles. Alex has an NFT, and Mary wants to borrow it.
First, Alex uses his cryptocurrency wallet MetaMask to connect to the platform, UniBridge. Second, he has to choose which NFT to rent out and set rental conditions such as rental fees and duration.
Then Mary wants to borrow this NFT and agrees with the deal. She has to connect her MetaMask and sign the smart contract. Next, the smart contract will proceed immediately, then she will get a Wrapped NFT which is to represent her right during the duration.
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