Governance Rights

$SBB holders are granted governance rights, enabling them to actively participate in decision-making processes. This includes voting on proposed changes to the platform, new partnerships, and adjustments to tokenomics. By involving the community in key decisions, the platform aims to create a decentralized and participatory ecosystem.

$SBB holders who participate in protocol governance and voting processes are incentivized by governance rewards and a share of platform revenues. SOULBOUND encourages the community to actively engage in public issues and decisions related to the protocol's advancement. By staking $SBB tokens, holders indicate their long-term support and become eligible for governance rights and a proportional share of the fees and income generated by platform activity.

SOULBOUND employs a "vote escrow" scheme where a portion of staked $SBB tokens are locked up for a fixed period to unlock voting abilities and maximize the weighting of votes from dedicated community members. The longer an individual escrow their tokens, the higher the governance influence they receive. Users can redeem their locked tokens early but forfeit accrued voting influence in doing so.

This participatory model aims to put platform direction firmly into the hands of engaged $SBB stakeholders. By tying voting powers directly to escrowed token holdings, the protocol incentives considered proposals and discourse by the participants most invested in Soulbond's purpose and success. The governance reward model then shares the value created on the platform with those actively steering the ecosystem toward shared goals.