FAVOR Token
An overview of the FAVOR Token model
The main functions of FAVOR tokens are as follows:
voting token to approve loans for Party Hosts
factors in to Lending Trust Scores for Party Hosts
can be burned for a portion of the PartyNode DAO Treasury
The FAVOR Token model is designed to promote decentralization and sovereignty, while building Decentralized Lending Trust Scores (DLTS) 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.
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