Fayhr
  • Fayhr: A Decentralized Cooperative-As-A-Service Protocol
  • Abstract
  • Introduction
  • An Overview of Cooperatives
  • Merits & Demerits Of Cooperatives
    • Merits
    • Demerits
  • A Decentralized Solution - Fayhr
  • Sub-Cooperatives
  • Fayhr Slots
  • Fayhr Oracle
  • Fayhr Contractors
  • Fayhrers
  • Decentralized Cooperative-as-a-Service: The Process
    • Contribution Process
    • Distribution Process
    • Governance Process
  • The Fayhr Cooperativeâ„¢
    • Fayhr Labs
    • The Fayhr Council
    • Fayhr Soul-Bound Tokens
    • Fayhr Community Token
    • Special Sub-Cooperatives
  • Fayhr Phases
  • Considerations
  • Conclusion
  • Appreciation
  • References
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  1. The Fayhr Cooperativeâ„¢

Fayhr Soul-Bound Tokens

Fayhr Soul-Bound Tokens (SBTs) are non-transferable NFTs issued to Fayhr ecosystem members as proof of membership. These SBTs allow users to participate in special activities such as elections, governance, and community rewards, and they also grant members special roles. There are four types of SBTs:

  • Council SBTs: Issued to members elected as Fayhr Council Members, allowing them to exercise their roles at the Fayhr Oracle (contract) level.

  • Contract SBTs: Issued to members assessed, accredited, and elected as contractors for a particular Sub-Coop, allowing them to exercise their contractor role in that Sub-Cooperative.

  • Fayhrer SBTs: Issued to members assessed, accredited, and elected as Fayhrers for a particular Sub-Coop, allowing them to exercise their Fayhrer role in that Sub-Cooperative.

  • Governor SBTs: Issued to members who opt to be part of the Fayhr Cooperative, allowing them to exercise their rights as cooperative members at both the Cooperative and Sub-Cooperative levels.

Each SBT has a collateral in Community Tokens that must be staked before issuance. All SBT holders are eligible for monthly Community Token rewards based on their level of activity and contributions to the Fayhr Protocol.

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Last updated 9 months ago