PartyNode
  • Getting Started
    • Introduction
    • PartyNode 101
  • Token Economy
    • Party Pass NFT
    • FAVOR Token
    • Genesis Sale
  • Party Portal
    • Party Rules
    • Co-Signing
  • Party Hosts
    • Become a Party Host
    • Working Capital Loans
      • Loan Terms
      • Screening Process
    • Thowing A Party
    • Lending Trust Scores
  • PartyNode DAO
    • Membership
    • Treasury
    • Partnerships
    • Roadmap
  • Validator Networks
    • Overview
    • Ethereum Mainnet
    • Gnosis Chain
    • Polygon
    • The Graph
    • Threshold
    • Connext
    • Delegating
    • Other Networks
    • Other Strategies
  • Under The Hood
    • Overview
    • Shared Treasuries
    • Proposal Tool
    • Single Option Voting
      • Single Option Voting Token
  • PartyNode Risks
    • Wait...What?
  • Case Studies
    • Uncollaterlized Loans
    • Governance Design
    • Token Model
  • Resources
    • Source Links
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  1. Token Economy

FAVOR Token

An overview of the FAVOR Token model

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Last updated 1 year ago

The main functions of FAVOR tokens are as follows:

  1. voting token to approve loans for Party Hosts

  2. factors in to Lending Trust Scores for Party Hosts

  3. can be burned for a portion of the PartyNode DAO Treasury

The FAVOR Token model is designed to promote decentralization and sovereignty, while building for node operators. Sovereignty is maintained for FAVOR holders via a mechanism that enables FAVOR Tokens to be burned for a proportional share of the PartyNode DAO treasury.

The only time FAVOR tokens can be transfered out of the Party Passes is when being staked in the voting system for approving/denying loans.

Decentralized Lending Trust Scores (DLTS)