Settler NFT

What is Settler NFT?

As part of the Pioneer Stage's conclusion, Pioneer NFTs have been converted to Settler NFTs*. Each Settler NFT gives its holder the right to become a node operator on the ISKRA platform. Nodes provide a steady stream of computing power for the ISKRA blockchain network, making it a decentralized, stable, and trustless system. Settler NFT holders are rewarded with $ISK tokens and CPs in return for operating a node or delegating their NFT to other operators**.

Settler NFT Rewards

Settler NFT holders will be entitled to the following rewards:

• $ISK: rewarded with $ISK tokens in accordance with the Distribution Plan as described earlier in this document.

• CPs: rewarded with CPs based on a defined formula.

Total Supply and Distribution Plan

• Total Supply: 10,000 SNFT

• Distribution Plan: A total of 10,000 Pioneer NFTs have been converted to Settler NFTs and distributed to the existing Pioneer NFT holders

*In accordance with the governance vote, the PNFT sale was discontinued, and the Total Supply was set at 10,000. Upon the 1:1 conversion to SNFT, all restrictions on PNFTs were removed.

**Until the official launch of the ISKRA Chain, the NFT rights will be delegated to ISKRA by default.