NFT Pass (Staking)

In order to provide a healthy eco-system and some premium services or rewards to token holders, there will be some "skin-in-the-game" mechanism implemented in the MetaBoom protocol.

However, instead of implementing the traditional staking mechanism, we came up with another user-friendly approach - NFT pass, to achieve the same effect.

Once you own a NFT pass, you can exercise the specific rights stated on that NFT pass.

The NFT passes are for scenarios like

• To hold more converters

• To be able to purchase higher power converters

• and more

There are many different types of NFT Pass in MetaBoom eco system, but the most common ones are:

• Gold L2E Pass：holders of this pass can enjoy the best FAITH-MMU converter condition.

• Silver L2E Pass：holders of this pass can enjoy a better FAITH-MMU converter condition.

• Bronze L2E Pass：holders of this pass can enjoy a nicer FAITH-MMU converter condition.

NFT passes are priced by FAITH, but paid with MMU token. NFT Pass can also be redeemed back with MMU at holders' choice.

Please be noted that during conversion time, your NFT pass will be locked and become non-transferrable. Once the conversion is done the NFT pass if free to trade on secondary market.