🏁FAQ

Below are answers to common questions about using CloudK within Homnifi’s DeFi360 platform. For detailed guides, explore the CloudK documentation pages linked at the bottom.

General Questions:

What is CloudK?

CloudK is a feature in Homnifi’s DeFi360 that allows you to receive LYK-W (60%, withdrawable) and LYK-R (40%, rewards tokens) by linking Minting Utility Tokens in licenses and connecting them to hardware (Computer Devices or phones).

How do I access CloudK?

Log in to Homnifi, navigate to DeFi360 > CloudK in the left menu, and explore the CloudK homepage to view licenses, hardware, rewards, and transactions.

What are the benefits of using CloudK?

CloudK offers seamless blockchain integration, real-time transaction tracking, higher rewards with longer linking periods or hardware boosts, and a user-friendly interface for managing your DeFi activities.

License-Related:

What are the different license statuses?

• Active: Valid licenses with linked Minting Utility Tokens.

• Inactive: Valid licenses with no linked Minting Utility Tokens.

• Expired: Licenses past their validity period; you can claim Minting Utility Tokens if applicable.

How do I activate an inactive license?

Link Minting Utility Tokens to the license via the Managing Licenses section. Select the license, choose an amount up to the available capacity, and confirm the linking period (12, 24, or Max months).

Can I upgrade an expired license?

No, expired licenses cannot be upgraded. Claim any linked Minting Utility Tokens and purchase a new license to continue receiving rewards.

What happens if my license has no Minting Utility Tokens?

It’s marked as Inactive but retains its validity period. Link Minting Utility Tokens to activate it and start receiving rewards.

How do I link more Minting Utility Tokens to a license?

Go to DeFi360 > CloudK > View All Licenses, select the license, and choose Link More. Specify the amount (up to 2x the license value) and confirm the linking period.

Why can’t I claim my Minting Utility Tokens?

Minting Utility Tokens can only be claimed after the linking period ends, over a vesting period (160–540 days, based on the Price Multiple). Early claims are blocked.

Hardware-Related:

What types of hardware does CloudK support?

CloudK supports Computer Devices (physical devices connected via serial number or Mac address) and phones (connected via QR code), both offering a 10% reward boost when linked to licenses.

How do I connect a Computer Device?

After receiving your Computer Device, navigate to DeFi360 > CloudK > Hardware, select the device, click Connect, and enter the serial number or Mac address. The system validates against your purchase records.

How do I connect a phone?

Go to DeFi360 > CloudK > Hardware, select the phone, and click Connect to generate a QR code. Scan it with the Homnifi companion app to complete the connection.

Why can’t I link a license to my hardware?

This could be due to:

• The license is not active or has no available NFT weightage.

• The hardware’s NFT capacity is fully utilized.

• The license is expired (auto-delinked). Check the license status or hardware capacity in the Hardware Details section.

Rewards-Related:

What are LYK-W and LYK-R rewards?

• LYK-W: 60% of total rewards, withdrawable to your wallet.

• LYK-R: 40% of total rewards, non-withdrawable rewards tokens.

How are rewards calculated?

Rewards are based on linked Minting Utility Tokens, the linking period (12M: 40%, 24M/Max: 100%), daily LYK price changes, and a 10% hardware boost (if linked). See Rewards and Calculation Formula for details.

Why can’t I claim my rewards?

Rewards are only claimable when Auto Linking is OFF. If ON, LYK-W rewards are auto-swapped to Minting Utility Tokens (1:1) for relinking. Check the Auto Linking status on the CloudK homepage.

How does Auto Linking affect my rewards?

When Auto Linking is ON, LYK-W rewards are automatically converted to Minting Utility Tokens and relinked to your license, increasing your reward potential but preventing immediate claims.

How does hardware boost my rewards?

Linking a license to a Computer Device or phone adds a 10% reward boost, proportional to the license’s NFT weightage. For example, linking 2 NFTs of an 8-NFT license boosts 25% of its rewards by 10%.

Transaction-Related:

How do I view my transaction history?

Navigate to DeFi360 > CloudK > Transaction History or click View All on the CloudK homepage. Filter by type (e.g., license purchases, linking, rewards), status, or date range.

What types of transactions are logged?

Transactions include license purchases, link events, reward credits/claims, Minting Utility Token actions (unlock/claim), period upgrades, and hardware linking/delinking.

Can I export my transaction history?

Yes, from the Transaction History page, apply filters and click Export to download the results in XLS or CSV format for record-keeping.

Learn More:

For detailed guidance, explore:

• Understanding CloudK

• CloudK Homepage

• Managing Licenses

• Managing Hardware (Computer Devices and Phones)

• Transaction History

• Rewards and Calculation Formula