PartyNode 101

Following the steps, examine the flow chart below to gain a high level understanding of how PartyNode works.

  1. PartyNode DAO sells PartyNode Pass NFTs.

    - Funds from the sale go directly into PartyNode DAO treasury.

  2. PartyNode NFTs accrue Party FAVOR Tokens (co-signing (voting) tokens).

  3. PartyNode NFT holders claim FAVOR Tokens.

  4. FAVOR Token holders vote (stake) on the most reputable Party Hosts.

    - Votes determine loan approval for Party Hosts.

  5. Once a Party Host is approved, PartyNode DAO distributes working capital for the node stake.

  6. The Party Host then spins up the node to add to the PartyNode Network.

  7. A portion of node rewards earned are distributed back to the PartyNode DAO treasury.

    - Party Hosts pay back working capital loan value plus interest and can keep the node stake.

  8. Repeat cycle and continue to grow the Party Stash.

    - Throw bigger and better parties (higher yield nodes).

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