Article • over 1 year ago

IoTeX Community Members Receive Soulbound Tokens (SBT) as Reward for Participation in Improvement Proposal Vote

IoTeX

Summary

IoTeX community members who participated in the 13th Improvement Proposal vote have received Soulbound Tokens (SBTs) as rewards.
The distribution included 123 SBTs to individuals who staked 141 million IOTX tokens, representing 97% of the votes in favor of IIP-13.
The proposal aims to increase the IOTX staking ratio and enhance network security by expanding the number of validators.
SBTs, similar to non-fungible tokens (NFTs), represent a person's credentials and reputation and have potential value in Web3 networks.
SBTs can act as a reputation indicator, which can be used as collateral for undercollateralized loans and have various use cases in DAO governance and airdrops.

Source: https://iotex.io/blog/iip-voter-sbt/

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