Judgements & NFT Auctions
Interactive Decision-Making
The Judgement Token ecosystem introduces an engaging and innovative concept: the combination of community voting to determine the status of crypto personalities and events and the auctioning of unique NFTs based on these judgements. This section explains how this process works and the impact it has on the community and the broader crypto world.
The Voting Process:
Community Voting: Each week, crypto personalities, projects and events are presented to the community, who vote using their $JUDGE tokens to classify them in different ways'. Who are our heroes? Who are our villains? Who is heading to the gallows?
Decision Impact: The outcome of these votes is significant, as it shapes the narrative within the Judgement platform and reflects the community's perception.
Special Votes: Occasionally, additional votes may occur based on special events or high community demand.
Creating Value through NFTs
Following the conclusion of the voting period:
NFT Creation: An NFT is created representing the decided status of the voting scenario.
Auctioning NFTs: These unique NFTs are then auctioned, providing a tangible asset that captures a moment in crypto history.
NFT Auctions: A New Revenue Stream
0% Creator Royalties: All proceeds from secondary sales of these NFTs go directly to the sellers, ensuring maximum value for participants.
Collectible and Historic: These NFTs serve as collectibles, encapsulating key moments and decisions made by the Judgement community.
Conclusion
The integration of judgements and NFT auctions within the Judgement Token ecosystem offers a unique blend of engagement, creativity, and financial opportunity. It empowers the community to actively participate in shaping the narrative of the platform while also creating new avenues for investment and collection. This innovative approach exemplifies the dynamic and interactive nature of the MeFi space, positioning Judgement Token as a pioneer in this evolving domain.
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