What needs to be considered when using multiple generic assets?
In Blockpit, there is the possibility to use so-called "Generic Assets" as placeholders for Crypto Assets or NFTs if the respective assets are not yet available yet in our database.
Generic Crypto Asset example:
Type: Crypto Asset
Available quantity: 99
Designation: Generic Crypto #99 (GENERIC-CRYPTO-99)
Generic NFTs example:
Type: NFT
Available quantity: 1000
Designation: Generic NFT #84 (GENERIC-NFT-84)
A total of up to 99 Generic Crypto Assets and up to 1000 Generic NFT Assets can be used in different Blockpit integrations.
Please note that it must be ensured that the same token number (e.g. GENERIC-CRYPTO-2 or GENERIC-NFT-84) is always used for the same asset and for different assets always a different token number (e.g. GENERIC-CRYPTO-2, GENERIC-CRYPTO-3 or GENERIC-NFT-4, GENERIC-NFT-17).
When using Generic Assets you should always consider to update the asset value of your transaction.
Caution
Users from Switzerland can only use Generic Assets to a limited extent due to the valuation logic, provided the Assets are sold within a year and before 31.12.