♾️The Radxu Soulbound NFT
Every user that interacts with the CFA protocol, will automatically mint a NFT which provides with the CFA. This NFT will be unique per wallet address, given that it is a soulbound NFT, which means that it is non-transferable.
A Soulbound NFT, also known as a "perpetual" or "eternal" NFT, is a type of non-fungible token (NFT) that is designed to have a permanent and immutable connection to a specific owner. This means that the NFT is "soulbound" to the owner, and cannot be separated or detached from it.
Soulbound NFTs are typically used to represent ownership or provenance of a unique asset, it basically attaches an address to that specific NFT.
By having this soulboundNFT tied to those that have interacted with the CFA protocol, these users will be able to benefit of different perks, in different builds or protocols that exist through the ecosystem.
The Radxu soulbound NFT is automatically minted once any user has acquired at least one unit, in the CFA protocol. At that point, the NFT which represents the ownership of the CFA is automatically minted and transferred towards the user.
If you aren't part if the CFA protocol yet, head to: app.radxu.org/cfa and join the movement and the community.
Last updated