Ugoki faq
Ugoki minting site
Due to the recent number of questions asked concerning our UGOKI watch, and relative ways of acquiring them, we have assembled several frequently asked questions and equal answers which will aid our community in better understanding the concept behind acquiring the UGOKI watch. Please do well to read through carefully for your maximum understanding, and do not hesitate to contact us for further explanation or information on what you need to know.
What determines the UGOKI watch redeemed by the buyer?
The redeemable UGOKI watch can be identified on the minted snow monkey art NFT of the buyer, and the watch worn by the buyer's snow monkey art NFT at ugokiwatches.com determines the watch that can be redeemed.

Whitelist sales of 250 will be completely randomized, allowing you to view your NFT once minted into the buyer's wallet.

Any buyer at any given time who possesses the snow monkey NFT will be able to redeem the watch.

However, if a buyer desires a different watch from the collection, instead of redeeming the watch, they are allowed the option of trading on the secondary marketplace soon after public sales goes live.
What is the lockdown?
The "Lockdown" is a mechanism that prevents redeemed Ugoki NFTs from being resold. This means once you redeem the watch, we lockdown the NFT linked to it permanently. As a result, it can only be transferred or sold to another entity via our in-house UGOKI Marketplace.

Note that the lockdown period does not apply to buyers who don't redeem the watch. Flippers looking to purchase the NFT and sell it off at a higher price, have no concern with the lockdown period.
How are the watches received verified Authentic?
A Certificate of Authentication will be automatically transferred to the wallet that has redeemed the UGOKI watch at ugokiwatches.com, thereby proving authenticity as they are redeemed.
When will the certificate of authentication be received?
Your certificate of authentication will shortly be sent to your wallet once the UGOKI watch has been redeemed at ugokiwatches.com.
Can UGOKI NFTs be resold after being minted?
Yes, they can. Both redeemed and unredeemed NFTs are resellable. You can sell an unredeemed watch on any secondary marketplace as an NFT.

However, UGOKI NFTs which possess the redeemable watch are a package and should be traded as such. To this end, we have created an UGOKI exclusive marketplace for selling the pair. Throughout the transaction, we act as intermediaries and use escrow to ensure a fair trade between the two parties.
How to contact UGOKI?
Simply send us an email at info@ugoki.io OR reach out to us on any of our socials. We will be happy to answer any questions you may have!
When and how to receive my watch?
UGOKI will start delivery of all watches right after the public sale. We set a 3 month lockdown period of UGOKI art NFT during that time to avoid any selling of art NFT when they will be receiving a luxury watch. We will deliver to owners all around the world with data collected from the redeeming process at ugokiwatches.com.
Will there be a Pre-Sale?
Yes, there will be a presale before the public launch. The presale will be for 250 whitelisted spots. Follow us on our social media pages to find out more about how to qualify for the whitelist!
Why do we need Royalties?
The number of royalties was fixed at 10% to finance the UGOKI NFT's projects. We have the ambition to organize multiple events around the world to strengthen the community and build a network of entrepreneurs and investors with the same mindset and common interests. The funds collected will benefit the holders. Bear in mind that this percentage is subject to a possible decrease over time.
What is the Metaverse?
The Metaverse refers to a shared virtual experience where land, avatars and names can be bought and sold, often using cryptocurrency.

The future phases in the UGOKI NFT roadmap will allow you to join this Metaverse using the assets you own. UGOKI is currently building an art gallery in the Sandbox Metaverse for its holders.
How can I use my NFT?
Owning a UGOKI NFT comes with full copyright claims and user sovereignty over the public key it is tied to.

What this means is that any UGOKI NFT holder has the absolute right to use it as they see fit; from profile pictures to the choice of auctioning it out for sale or even using it as an avatar in the metaverse, owners will have the sole right to do as they please with their UGOKI NFT.
Where can I view my NFT?
Once minted, simply connect your OpenSea account to view your NFTs.