How can we withdraw funds from Pi-NFT?
Withdrawing funds from a Pi-NFT on Aconomy is a straightforward process that allows asset owners to access liquidity. Here are the steps to withdraw funds from your Pi-NFT:
1. Access Your Validated Pi-NFT:
Start by navigating to your Aconomy profile, where you can manage your Pi-NFT assets. Locate the Pi-NFT that has been validated and is eligible for withdrawal.
2. Click on the Pi-NFT:
Select the specific Pi-NFT you wish to withdraw funds from by clicking on it. This action will open the Pi-NFT's details page.
3. Initiate Withdrawal:
On the Pi-NFT details page, you will find an option to "Withdraw." Click on this option to initiate the withdrawal process.
4. Confirm Withdrawal:
A confirmation message or card will appear, asking you to confirm your withdrawal. Review the details, including the amount you are withdrawing, and ensure that everything is accurate.
5. Confirm and Sign:
To proceed with the withdrawal, you will need to sign the transaction using your wallet. This step confirms your intent to withdraw the specified funds from your Pi-NFT.
6. Funds Withdrawn:
After successfully confirming and signing the withdrawal transaction, the funds will be withdrawn from your Pi-NFT and made available for your use. You can now utilize these funds for various purposes.
7. Repayment (Optional):
If you wish to return the withdrawn funds to your Pi-NFT, you can do so by using the "Payback Withdrawn Amount" option. This allows you to repay the borrowed funds and maintain the liquidity of your Pi-NFT.
By following these steps, you can easily withdraw funds from your Pi-NFT and use the liquidity for your financial needs or investment opportunities. Additionally, the option to pay back the withdrawn amount provides flexibility and control over your assets and finances within the Aconomy ecosystem.
How to withdraw the funds from Pi-NFT?
Withdrawing funds from a Pi-NFT on Aconomy is a straightforward process that allows asset owners to access liquidity. Here are the steps to withdraw funds from your Pi-NFT: 1. Access Your Validated Pi-NFT: Start by navigating to your Aconomy profile, ...
How to repay the withdraw funds on Pi-NFT?
Repaying the withdrawn funds on a Pi-NFT is a straightforward process that allows asset owners to maintain their financial agreements and the liquidity of their Pi-NFTs. Here's how to repay the withdrawn funds: 1. Access Your Pi-NFT: Start by ...
What is PI-NFT?
Pi-NFTs represent a transformative innovation within the world of NFTs, particularly in the context of asset-backed NFTs and illiquid assets. This unique feature of the Aconomy platform, that they brings together real-world assets and the blockchain ...
How the Pi-NFT will act as a collateral?
Pi-NFTs act as collateral in the lending and borrowing ecosystem on Aconomy, providing a secure and valuable asset to back loans. Here's how the process works: 1. Selection of Pi-NFT as Collateral: Borrowers who are in need of funds can choose to use ...
How do I bring your RWA assets on-chain by converting an Pi-NFT?
Bringing your Real-World Assets (RWA) on-chain and converting them into Pi-NFTs on Aconomy is a powerful process that empowers asset owners to unlock liquidity for traditionally illiquid holdings. Here are the steps to convert your RWA assets into ...