Insaaf Litigation NFT (cNFT)

INSAAF LITIGATION NFT (cNFT)

This is the 'Case Token' It is an NFT (Non-Fungible AND Non-Transferable Token) that is minted for each fully curated and Approved Litigation. Minting this Token signifies that the Case is legit and the Community can fund it. This is the parent token that has all the aggregated value of the case.

There is only ONE NFT per Litigation and it is NON-SALEABLE AND NON-TRANSFERABLE. The CASE.IO site must have this unique Token to Open / Start the process of Litigation Funding and proceedings of the litigation represented by this Token. All users/updates to this site will be authenticated by this token.

a) The Public can Fund/contributes to this 'Case Token' if they have interest in the Case.

b) The initial Value of the Minted Token is ‘Zero’ at the time of minting

c) Total Amount Contributed to the Case is maintained by this Token

d) At the End of the Litigation if an award is won in the case, the token receives the award and distributes it to the Fractional NFT Holders in this Case.

Note: The each Litigation NFT Contributor will be given a FRACTIONAL NFT Receipt linked to the Litigation NFT

ALL contributions received from the ILO FOR THE CASE ARE IN INSF TOKEN ONLY. The proceeds will go into a LITIGATION TOTAL VALUE LOCKED (TVL) SMARTCONTRACT that is locked and linked to the specific Litigation NFT. (The INSF TVL will be kept separate for each Litigation NFT)

Scenario:

Amount Required: = 100,000

iNSF Price in June 01 2022 = USD 0.0007

TVL in iNSF = At start $100,000 remaining in Litigation Contract) Trading/Market price times Unused iNSF)

NOTE: All unused funds (TVL) is returned to Reserve Pool after Case is closed.