LongBoat Container Sale FAQ
What is LongBoat’s Container Sale?
LongBoat’s Container Sale allows participants to join the LongBoat Network by acquiring a LongBoat NFT (Node License Collectible). Each NFT acts as a license to access the LongBoat dApp and contribute to the Decentralized Synchronized Ledger Node (DSLN) Network, where users help verify GPS data from real-world shipping containers.
The containers themselves are owned by LongBoat Operations Ltd and leased under long-term agreements. By holding and using a LongBoat NFT, you can take part in the network and may receive discretionary rewards linked to container operations.
How are rewards generated?
Rewards are sourced from the operating income of containers that LongBoat leases to logistics companies under long-term contracts.
Through the dApp, NFT holders perform Monitoring Actions (such as verifying GPS data of the container associated with their license). Participants who actively contribute can reduce fees and increase their share of variable, discretionary rewards.
What is the minimum amount required?
The entry price for a LongBoat NFT is $48, making participation in the network accessible to a wide range of users.
How do rewards work?
Participants may receive variable discretionary rewards in USDC, typically distributed monthly. The level of rewards depends on container leasing operations, network participation, and the number of active node operators.
Historically, the rewards have been 21.6% APY.
Rewards are not guaranteed, and past distributions may not predict future outcomes.
How is my participation secured?
Insurance: All containers are fully insured against damage and loss.
Buyback Option: LongBoat Digital Ltd offers a 90% buyback option for NFTs, giving you an exit path at any time.
GPS Transparency: Containers are fitted with GPS units, and node operators help verify this data through the LongBoat network.
ISO Standard Containers: All containers are ISO 1AAA standard, ensuring global interoperability.
What happens if a container is lost or destroyed?
Insurance coverage ensures replacement of the container. The metadata in your NFT license is updated to reference the replacement container, and discretionary rewards continue to be allocated.
Can I buy more LongBoat NFTs?
Yes, as long as the sale is open. New container batches are released approximately every 1–2 months, creating recurring opportunities to expand your participation in the network.
Can I sell my LongBoat NFT?
Yes. LongBoat NFTs are collectibles and can be transferred or sold on supported NFT marketplaces. If you sell your LongBoat NFT, you forfeit the right to earn from your Network Participation.
How is the current value of a LongBoat NFT determined?
The reference value of an NFT is tied to the remaining rewards pool attached to that license. For example, if a new NFT is issued with 15 years of potential rewards, after 1 year it has 14 years remaining.
A simplified calculation:
Reference Value = Initial Value – (Initial Value × Years elapsed ÷ 15)
Is participation affected by crypto market volatility?
No. Rewards are linked to container leasing operations and distributed in USDC, a stablecoin pegged to the US dollar. The model is based on real-world container usage, not speculative crypto markets.
How are containers managed and leased?
Containers are purchased through LongBoat’s partner, then owned by LongBoat Operations Ltd and leased long-term back to the partner. The partner in turn sub-leases to shipping companies worldwide. Rental payments flow back to LongBoat Operations Ltd, which funds the discretionary reward pool.
What happens if our logistics partner defaults?
Contracts and insurance coverage are in place to mitigate counterparty risk. LongBoat Operations Ltd maintains ownership of the containers, so if a default occurs, containers can be reassigned or re-leased to ensure network continuity.
Do I need to complete KYC?
Currently, light wallet screening is applied (to comply with sanctions restrictions), but no full identity KYC is required to acquire NFTs.
What risks are involved?
Like any project tied to real-world assets, risks include:
Fluctuations in global shipping demand.
Counterparty or operational defaults.
Regulatory changes.
LongBoat mitigates these through long-term leasing contracts, insurance, and transparency measures.
How can I track my participation?
A dashboard in the LongBoat dApp provides:
Rewards earned
Remaining potential rewards
Payout dates
Container GPS data
What is the process for buying a LongBoat NFT?
NFTs can be acquired through the official LongBoat platform. Step-by-step instructions are provided during the purchase process.
What happens at the end of the 15-year term?
At the conclusion of the 15-year lease period, LongBoat Operations Ltd will liquidate the containers. Each container will be sold at approximately 50% of its initial acquisition price, and the corresponding net proceeds will be distributed on a pro-rata basis to holders of the related LongBoat NFTs at that time.
Who can I contact for more information?
For further inquiries, you can reach out to LongBoat's customer support team via social media or Telegram.
Join our Telegram Group here: t.me/longboatclan
Last updated