Governance NFT

The primary function of the governance NFT is to track the maturity of a stakeholder’s bond. It will allow users to trade their NFT, once transfers are enabled by the governance, along with the bonded tokens. Users will be able to trade NFTs on secondary markets like OpenSea while retaining its maturity.

As a governance bond reaches full maturity, the NFT’s value increases. A newcomer would need to lock three times the amount of tokens to match the governance power of a fully matured bond. Therefore, the market value of a matured governance NFT is likely to exceed the value of the underlying tokens.

Soul Binding

Initially, the governance NFT cannot be transferred. However, transfers can be enabled through a governance vote.

Visual Representation

Your bond is represented by a dynamic image that evolves over time. As your governance weight increases, so does the rarity and appearance of your NFT. Locking more tokens improves the chances of obtaining rarer visuals.

Unlocking your tokens for sale reduces the rarity of your NFT, encouraging long-term token holding and continued governance participation.