Each product token acts as a voucher to the physical item and NFT. You can sell this product token back at any time. To get the physical item shipped to your door, you must redeem from your inventory after buying.
Once redeemed, the product token is burned and your unique NFT is minted with metaverse utility and can be used in Highstreet World.
Product tokens held in your wallet can also be used in Highstreet World.
Every brand’s product token has a unique starting price. Each buy and sell will move the price based on our StreetSmart™ Bonding Curve, displaying a dynamic fair market value.
Buy using HIGH. Connect your Metamask wallet, approve the tokens, then confirm the purchase. Once the transaction clears, your product token is in your inventory!
Product tokens are either ERC-20 on Ethereum or BEP-20 on Binance Smart Chain. Payment will be on the same network as the product token in HIGH (ERC-20) or HIGH (BEP-20).
You can bridge HIGH between networks on Synapse
When a product drops, it is common for many buyers to bid for the lowest token price on the network.
During the first minutes of a drop going live, we recommend setting your slippage to a higher % to have the best chance of processing your payment due to high traffic.
On the checkout page, you can set your slippage percentage (the max bid you are willing to pay), and see an estimated gas fee.
To process the payment MetaMask will prompt you to approve the token expenditure (small gas fee), then confirm the purchase (gas fee).
Slippage is a buffer in case of price changes, and it may not be exhausted.
Select the product token and click redeem from your inventory. Enter your shipping information, and proceed to confirm. MetaMask will prompt you to confirm the gas fee.
Please Note: This process is irreversible and your product token will be burned and removed from the shelf.
Once you confirm shipment of your physical item, your ERC-20 or BEP-20 product token will be burned and a new ERC-721 or BEP-721 NFT will be minted for you with a unique identifier code (Ex. PANTY #1) This new NFT will be viewable in your inventory on our website and on secondary marketplaces like OpenSea.
The physical product will come directly from the brand and is guaranteed authentic.
During checkout and in your inventory, please check the redeem expiration date of each product token. At the time of expiration, you will not be able to redeem the token for the physical product and NFT.
Product tokens held in your wallet can still be used in Highstreet World.
Select the product token from your inventory and click sell. See the current estimated value you will receive by selling the product token back to the market. MetaMask will prompt you to confirm the transaction with a gas fee.
With Highstreet Phygital Drops, you never have to wait for buyers and sellers. Our StreetSmart™ Bonding Curve enables our marketplace to directly buy and sell product tokens at a dynamic fair market value 24/7.
The bonding curve is a price discovery mechanism that calculates the price of a product depending on the amount of products circulating in the market. When someone redeems and burns a product token, the floor price permanently moves higher behind the scenes. However, the current dynamic value stays the same for the next available product token.
The first component you buy is the product token. You can sell this token back to the market at any time. To get the physical item and NFT to use in-game, you must burn this token by redeeming from your inventory. 🔥
By redeeming and removing the product token from the pool, the total supply of the token decreases. 👀
Product tokens held in your wallet can also be used in Highstreet World.
The product token acts like a voucher to the physical product. To get the physical item shipped to your door, redeem from your inventory and confirm your shipping address.
All products on Highstreet ship for free! 🎉
Please note that once you redeem, you can not sell the product token back to the market and all physical items are non-returnable. 🚨
When you redeem and burn the product token, you receive a freshly minted NFT imbued with metaverse utility that can be used in Highstreet World. 🌐
From your inventory, you will be able to use your NFT as an in-game item like styling your avatar or decorating your Highstreet Home. 🏠
Product tokens held in your wallet can also be used in Highstreet World.
Shipping is free for all redeemed orders! Brands will attempt to ship anywhere in the world, directly to you. Depending on the brand and product, limitations will be noted on the checkout page.
Please Note: For international shipments, any duties and taxes will be the responsibility of customers. The country of origin will be indicated on the checkout page.
On the redeem checkout page, there will be an estimated delivery time based on the product. You will receive a tracking number via email once your order is shipped.
Every phygital drop has a reserve insurance pool. If your item is lost or damaged in transit, please contact us at [email protected] for a replacement to be shipped or refund of the value at time of your redeem.
All physical products redeemed on the market are non-returnable.