# Mony Badge NFTs

### Core Function <a href="#core-function" id="core-function"></a>

An express lane to VIP Tiers via social engagement rather than capital requirements.

### Supply and Rarity <a href="#supply-and-rarity" id="supply-and-rarity"></a>

* Limited release is only available pre-launch
* Maximum possible supply of only `4000`
* Each NFT features a one-of-a-kind 3D digital artwork
* All NFTs are equally rare upon minting - rarity is earned by merit instead of by chance

### Tier Progression <a href="#tier-progression" id="tier-progression"></a>

* Holders can progressively upgrade their NFTs and gain access to exclusive VIP tiers that conventionally require locking up large sums of capital
* Moving up tier ranks is achieved by completing "required actions" as detailed in the VIP Tier Schedule

### Staking Benefits <a href="#staking-benefits" id="staking-benefits"></a>

* Dedicated Staking Pool pays `SHERP` rewards at high APR%
* Multiplier on `mSHERP` when voting for Governance proposals and Yield Channeling decisions
* NFT Staker Discord role

### Soulbinding Option <a href="#soulbinding-option" id="soulbinding-option"></a>

* Permanently burn to an address for:
* Top-tier VIP eligibility
* Elite Discord role with VIP alpha channel
* Non-transferable status (reduces sellable supply, supports floor price)

### Additional Features <a href="#additional-features" id="additional-features"></a>

* Royalties from secondary market sales used to buyback and burn `SHERP`, increasing APR% for NFT stakers
* Premier Access to Newly Added Trading Features

<figure><img src="/files/P2Cv0djLXHq93AOlgSkr" alt=""><figcaption></figcaption></figure>


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