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Create a Burn Redeem campaign
Updated over a week ago

Overview

Creating a Burn Redeem campaign allows you to create a page for collectors to mint new editions by burning existing Ethereum NFTs.

The Burn-Redeem App is free and available to use at no cost to the creator, but charges the collector 0.00069 ETH per edition minted for single-token burns and .00099 ETH for multi-token burns.

How does it work?

The current framework for Burn-Redeem Apps requires creators to configure a redeem token and burnable token.

For ERC-1155s, a Burnable token can be any ERC-1155 token on Ethereum Mainnet.

For ERC-721s, creators can configure one of three possible types of Burnable tokens

  • Any tokens on an existing ERC-721 contract (e.g. all tokens on contract 0x123)

  • Tokens within a specific tokenID range on an existing ERC-721 contract(e.g. tokens 1-40 on contract 0x456)

  • Specific tokenIDs on an existing ERC-721 contract (e.g. tokens 1,3,7,8,9, and 12 on contract 0x789)

The Redeem token is created during configuration of the Burn-Redeem app, and can be on any of the creator’s existing ERC-1155 contracts or ERC-721 contracts.

Walkthrough

Let's get started by selecting Burn Redeem from the +Create New menu.

burn.png

You will first be prompted to select a contract for the redeemable media. Select a contract or deploy a new one here:

Screenshot 2024-05-05 at 11.20.16 AM.png

Next, setup the redeemable media.

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In the next step, you'll be required to setup the burn rules.

Here you will define what needs to be burned in order to receive the redeemable media. Here you can configure multiple rules for what needs to be burned. Please note that these Burn Rules are in addition to one another and not 'or' requirements.

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After clicking the +Burn Rule button, you'll be able to select the contracts/collections for the media to be burned.

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Once your burn rules are configured, you'll be able to setup the redemption details.

Here you will be able to setup things like:

  • Start/end date

  • If any additional funds are required for the burn

  • Payment receivers

  • Total supply of the redemption tokens

  • Creating the slug

Screenshot 2024-05-05 at 11.22.39 AM.png

Once this is complete, you'll see our confirmation screen! Once you're happy with everything you've configured.

It's time to publish!

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