PartyNode 101
Last updated
Last updated
Following the steps, examine the flow chart below to gain a high level understanding of how PartyNode works.
PartyNode DAO sells PartyNode Pass NFTs.
- Funds from the sale go directly into PartyNode DAO treasury.
PartyNode NFTs accrue Party FAVOR Tokens (co-signing (voting) tokens).
PartyNode NFT holders claim FAVOR Tokens.
FAVOR Token holders vote (stake) on the most reputable Party Hosts.
- Votes determine loan approval for Party Hosts.
Once a Party Host is approved, PartyNode DAO distributes working capital for the node stake.
The Party Host then spins up the node to add to the PartyNode Network.
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.
Repeat cycle and continue to grow the Party Stash.
- Throw bigger and better parties (higher yield nodes).