Frequently asked questions

Does owning the NFT make me the issuer?

No. The issuer is the original collateral depositor and never changes. NFT ownership determines who holds the exercise right. See the two roles.

Can I exercise part of an option?

No. The v1 design exchanges the full fixed amounts once. Partial exercise is unsupported.

Can the issuer exercise their own option?

No. An issuer holding the NFT uses cancellation before expiry instead.

What happens at expiry?

Transfer and exercise stop. Only the issuer can reclaim unexercised collateral, regardless of who holds the NFT. Expiry does not automatically send tokens. See expire and reclaim.

Does a market-price change alter the token amounts?

No. The stored raw amounts stay fixed. Market quotes and decimal formatting do not redefine the exchange.

Can management change an existing option's terms?

The accepted design fixes each collection's ownership and settlement rules. Management selects versions for future issuance; it cannot rewrite existing terms or withdraw escrow assets through an administrator recovery path.

Does this site prove the product is available on a network?

No. These pages explain the design. Deployment, audit, liquidity, and public availability require separate current evidence.

Where are the full rules?

Read the options-v1 specification or explore the interactive whitepaper.