Embrace the Power of Soulbound Badges: Your Key to Unlocking the BTC Ecosystem — Part I
Imagine a special key, a key that not only unlocks a door to a vibrant ecosystem but also grants you exclusive privileges and rewards. This key is the SOULBOUND Badge, a unique NFT that serves as your gateway to the SOULBOUND Protocol.
What are SOULBOUND Badges?
SOULBOUND Badges are not ordinary NFTs; they are your Entry Tickets to the SOULBOUND ecosystem. Holding a Badge is a prerequisite for engaging in and benefiting from various activities within the SOULBOUND ecosystem.
SoulBound Badges are deployed on all EVM chains. Badges are special non-transferable NFTs of the SOULBOUND platform before 21,000 badges are sold out. They represent the user’s identity on the platform and are related to the opportunity to participate in subsequent IDO projects.
Having a Badge means that the user has a whitelist.
Different Tiers, Different Benefits
SOULBOUND offers three Badge tiers: Common, Epic, and Legendary. Each tier comes with distinct benefits such as increased project allocations, enhanced staking rewards, and exclusive access to platform features. The higher the tier of your Badge, the greater the benefits you can enjoy.
Initial Distribution:
A total of 21,000 badges will be initially issued, distributed across three distinct tiers: Legendary, Epic, and Common. The allocation of badges is designed to create a balanced and exclusive ecosystem that rewards both early adopters and active participants. Each offering distinct benefits such as increased project allocations, enhanced staking rewards, and exclusive access to platform features.
Badge Value:
- Legendary Badges: 1,000$
- Epic Badges: 500$
- Common Badges: 100$
Badge Limit:
- Legendary Badges: 1,000 (4,76%)
- Epic Badges: 5,000 (23,8%)
- Common Badges: 15,000 (71,42%)
Badge & Allocation Layout:
Hypothetically in a scenario If a project plans to raise 1M$ through SoulBound Launchpad, each badge level will be granted the following slot in the case 21,000 Badges are all claimed:
Common — 20$
Epic — 100$
Legendary — 200$
Earning BTC/BNB with SOULBOUND Badges
SOULBOUND’s unique earning mechanism is based on referral rewards, also known as branching rewards. Whenever a new user uses your referral code to buy a SOULBOUND Badge, you receive a percentage of the payment, depending on your SOULBOUND Badge tier, scaling from 10% — 14%.
This mechanism creates a hierarchy that motivates participants to recruit additional members to ascend trait levels and maximize potential referral payouts. At launch, the baseline referral reward percentage starts at 10% and can scale up to 14% for the highest badge trait levels.
Moreover, ongoing Badge purchases and trading also confer staking rewards and protocol fee revenues shared among Badge holders per the level of contribution. These incentives promote sustainable community growth and value accretion aligned with broad token holder interests.
How to Acquire SOULBOUND Badges?
Genesis Airdrop
In the early stage, we launched a Badge airdrop for the community. Following this, other users can only obtain Badges through invitation. These Badges can be purchased, offering various benefits that may include differences in whitelist qualifications and investment amounts for the IDO projects. The specific details will depend on the actual project launch.
Buy Badge
Badges will be available for purchase on SoulBound Website, with access granted through exclusive invitation codes. https://www.soulboundbtc.com/my-account
This strategy ensures that the community grows organically while maintaining a level of exclusivity for badge acquisition.
There is only one referral code per person, while the code can be used unlimited times. New users can choose which badge tier to buy after getting the referral code, and the rewards of the inviter are determined by the amount purchased by the invitee (10–14% rewards in BTC and BNB)
How to Upgrade or Convert SOULBOUND Badges?
Upgrade SOULBOUND Badges
Badge holders have the option to enhance their badges by utilizing our native token, $SBB. This upgrade process not only adds intrinsic value to the badge but also reflects the holder’s commitment to the community. By employing $SBB, participants have the opportunity to enhance their standing within the ecosystem, unlocking additional privileges and benefits associated with higher badge levels.
Convert SOULBOUND Badges
Additionally, badges can be converted into $SBB tokens through a conversion mechanism, providing flexibility for users who may want to transition their assets within the ecosystem. When the user converts to $SBB, the system will verify that the address has been referred to, and if someone else has been invited and is rewarded, the number of $SBB conversions will be reduced by the referring he has received.
This dual functionality aims to provide users with flexibility and choice in managing their badge status, encouraging strategic decision-making within the ecosystem. The economic model thus balances the advantages of upgrading badge levels with badge conversion.
Fairness and Sustainability
SOULBOUND Badges are not just about earning rewards; they are about creating a fair and sustainable ecosystem. The Badge system ensures that everyone has an equal opportunity to contribute to the community and benefit from its growth.
Whether you’re a new participant or a seasoned player in the crypto space, SOULBOUND Badges offer a unique, rewarding, and fair way to engage with the SOULBOUND ecosystem. So get your Badge today, and unlock the door to a world of opportunities with SOULBOUND Protocol.
The SOULBOUND Badge Genesis Airdrop is still ongoing. Grab your SOULBOUND Badge among the earliest adopters.
https://galxe.com/YfeKVXRYC5D657nrgNkags
More detailed information regarding the Soulbound Badge and its mechanism will be elaborated upon in our forthcoming article Part II
Twitter : https://twitter.com/SoulBound_BTC
Website : https://soulboundbtc.com
Medium Blog : https://medium.com/@soulboundbtc
Telegram : https://t.me/soulboundprotocol
Discord : https://discord.com/invite/soulboundprotocol
Whitepaper : https://soulboundbtc.com/soulbound-protocol-whitepaper.pdf
Onepager : https://soulbound-1.gitbook.io
