Governance (NFT DAO)
Last updated
Last updated
The NFT system is a crucial component of the MOJU fitness ecosystem. It is designed to govern the community with various types of NFTs combined with tokens. This design implements both functional and equity-based governance mechanisms, ensuring the uniqueness and non-replicability of digital assets, thereby guaranteeing the security and transparency of data. This provides users with more enjoyment and opportunities for profit. The functionalities of the smartwatch NFT include the following components.
Rarity and Attributes:
Each MOJU smartwatch NFT possesses unique rarity and attributes, reflecting its value and distinctiveness within the gaming ecosystem.
Attributes may encompass aspects like fitness data accuracy, special features, visual design, etc., influencing the user's experience during fitness activities.
NFT Upgrade System:
Users can enhance the level or quality of their smartwatch NFT by participating in specific activities or expending specific token resources.
Upgraded NFTs acquire additional functionalities, performance enhancements, and special skills, thereby providing more value during fitness endeavors.
Trading Marketplace:
Owners have the option to list their smartwatch NFTs on the integrated trading marketplace for purchase or exchange by other users.
This provides users with opportunities for free trade, fostering the circulation and trading activities of NFTs.
Leasing Rights (Detailed Leasing System):
Users can choose to temporarily lease out their smartwatch NFT, allowing other users to utilize it for a certain period.
During the lease period, the lessee can fully enjoy all the benefits of the NFT, thereby increasing the activity and usage frequency of the NFT.
NFT Synthesis and Enhancement:
Users have the ability to synthesize multiple smartwatch NFTs, creating even rarer and more powerful NFTs.
The synthesized NFT may possess unique attribute combinations or special skills, making it a valuable companion for players during their fitness journey.