> For the complete documentation index, see [llms.txt](https://docs.partynode.xyz/partynode/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.partynode.xyz/partynode/token-economy/party-pass-nft.md).

# Party Pass NFT

Governance mining NFTs to incentivize participation

Party Passes are what we call a Governance Mining Asset (GMA). A GMA is any asset that incrementally increases the holder's governance power through active participation. In this case, the Party Passes are non-fungible token bound accounts ([ERC6551](https://eips.ethereum.org/EIPS/eip-6551)) that accrue ERC20 FAVOR tokens on a linear scale.

It requires constant interactions by Party Pass holders to claim the FAVOR tokens in order to increase voting power. Once claimed, FAVOR tokens are non-transferable, locked within the Party Passes. FAVOR Token issuance is automated by a smart contract owned by PartyNode DAO.

### <mark style="color:blue;">Secondary Markets</mark>

While FAVOR tokens are non-transferable, locked within the Party Pass NFTs, the NFTs are freely tradable on all major secondary NFT markets.