What is the Lock Transfer Feature?
The Lock Transfer (transfer restriction) feature allows you to control how SRRs (Startrail Registry Records) issued through Startrail PORT can be transferred. When enabled, this feature restricts SRR transfers to services provided by Startbahn only, preventing transactions on other general NFT marketplaces.
Purpose of Lock Transfer Feature
This feature was introduced for the following purposes:
- Proper Artwork Distribution Management: By limiting secondary distribution to within Startbahn's ecosystem, it prevents unintended distribution by artists and rights holders
- Guaranteed Royalty Collection: By restricting transactions to Startbahn's services, it ensures that royalties from secondary sales are reliably paid to artists
- Maintaining Artwork Information Consistency: Ensures that important artwork information and provenance are properly managed and updated
Lock/Unlock Configuration Method
Lock Transfer settings are configured during SRR issuance on the artwork information input screen.
Configuration Steps
- Click the "Create SRR" button from the dashboard
- Enter the required information on the artwork information input screen
- In the "Lock Transfer" section, select one of the following options:
- Lock (Restrict): Transfer only possible on Startbahn's services
- Unlock (No Restriction): Transfer possible on general NFT marketplaces as well
- After making your selection, enter other required information and click the "Issue" button to publish the SRR
Important Considerations
Please note the following when configuring settings:
- Information Transparency: Lock/Unlock status is recorded on the blockchain and can be verified by anyone
Impact of Lock Transfer Settings
When Locked (Transfer Restricted)
- Transfers only possible through Startbahn's services (Startrail PORT)
- Cannot be traded on general NFT marketplaces such as OpenSea, Rarible, SuperRare, etc.
- Royalties from secondary sales are guaranteed to be collected and distributed
When Unlocked (No Transfer Restrictions)
- Free trading possible on general NFT marketplaces in addition to Startbahn's services
- Treated the same as standard NFTs on the blockchain
- Royalties may not be collected depending on the marketplace