# Token Ownership & Transfers

Each Numex coin is a freely transferable token on Base. You can send your coins to anyone, anytime.

## How Transfers Work

| What you can do                      | How                                                                     |
| ------------------------------------ | ----------------------------------------------------------------------- |
| **Send a coin to another collector** | Enter their email or wallet address in the Numex app                    |
| **Receive a coin**                   | Someone sends it to your email or wallet — it appears in your portfolio |
| **Buy on the marketplace**           | Pay with card or crypto — the coin transfers to you automatically       |
| **Redeem for the physical coin**     | Request delivery — the token is retired when your coin ships            |

## Sending Coins

You can send any coin you own to another person:

1. Go to the coin in your **Portfolio**
2. Click **Send**
3. Enter the recipient's **email address** or **wallet address**
4. Confirm — the coin moves to their portfolio instantly

If the recipient hasn't signed up yet, a wallet is reserved for their email. When they sign in, the coin will be waiting in their portfolio.

## Custody Lifecycle

Each coin goes through a clear ownership lifecycle:

```mermaid
stateDiagram-v2
    [*] --> Vaulted : Coin minted & secured
    Vaulted --> Vaulted : Transferred between collectors
    Vaulted --> RedemptionPending : Owner requests physical delivery
    RedemptionPending --> Redeemed : Coin shipped to owner
    Redeemed --> [*] : Token retired
```

* **Vaulted** — the coin is securely stored and can be traded or sent
* **Redemption Pending** — you've requested physical delivery
* **Redeemed** — the physical coin has been shipped; the token is retired

## Curator Residuals

If you originally submitted a coin to the Numex vault, you're recorded as the **curator**. You earn a small percentage on every future sale of that coin on the marketplace. Residuals accrue automatically and can be claimed at any time.


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