Get answers of frequently asked questions
Banity is an NFT collection of 1001 Bitcoin Vanity Addresses. Ownership includes the redemption right of your Banity’s Private key. The more Banity NFTs that are redeemed, the scarcer the collection becomes.
A Bitcoin Vanity address is a desired Bitcoin address that begins with your own name or with the name of your company and could then look like this, for example:
This is a normal Bitcoin address: 19QkdPsXeGAiGB5neeXc1JFpS1DKzuctrC
The recognition value can be increased with your own desired Bitcoin address. A Bitcoin Vanity address is suitable for this.
That simple! The pattern that can be found in the public address is highlighted in bold in an easily identifiable manner. All public addresses have at least 8 human-readable letters.
In order to own a Bitcoin vanity address with 8 human-readable letters – let’s say the name “elonmusk” -, someone has to generate 588 private keys before a random chance occurs, which on average starts with “1elonmusk”. The longer the vanity address is, the more difficult it becomes on average to find such address.
If you scroll through the gallery, you will find that those with 8 letters are the majority of the 1001 Banitys in total. This is because the difficulty increases exponentially.
The reason we set the Banity collection to at least 8 for the character is because starting from this vanity length it makes it extra difficult to achieve the desired result. However, with a little patience, the computing power of a normal computer can find a vanity address with up to 7 characters.
Banity will be available for purchase on our website through a presale and later through a public sale on Opensea.io. During the presale you have the option of creating and buying your own Bitcoin vanity address. After the presale purchase, the Banity collection will be minted on the blockchain and delivered to your wallet and Opensea account.
Yes, Banity are tradable on www.opensea.io. The primary marketplace for Banity is not on Banity’s website. A Banity follows the ERC-721 standard on the Ethereum blockchain and, as such, can be transferred freely amongst Ethereum wallets. We have no control over users who create markets for Banity on third-party websites.
Owning a Banity NFT gives you the right to access the PRIVATE KEY of the valid Bitcoin address. To do this, you will need to redeem your Banity NFT by clicking on the ‘REDEEM’ button. The PRIVATE KEY can be downloaded from the Banity website.
ONCE THE TOKEN IS REDEEMED IN RETURN FOR THE PRIVATE KEY, THE TOKEN BURN EVENT TAKES PLACE.
Banity – brought to you by DECOM Switzerland – has taken all possible security precautions when handling the private keys. Nevertheless, we cannot give any guarantees, as we simply cannot determine whether the theft was caused by the wallet’s owner, a previous owner or elsewhere.