Soulbound Tokens (SBTs) are a special type of blockchain-based digital token that is permanently tied to the recipient’s wallet and cannot be transferred or sold. They are used to represent identity, achievements, and participation records in a decentralized and verifiable way.
📌 What Makes SBTs Unique?
✅ Non-Transferable – Once issued, SBTs stay in the recipient’s wallet forever.
✅ Proof of Participation – They verify attendance at an event or membership in a community.
✅ Immutable & Secure – Stored on the blockchain, making them tamper-proof.
✅ No Monetary Value – Unlike NFTs, SBTs cannot be resold or traded, ensuring authenticity.
📌 Why Does ONTON Use SBTs for Events?
🎟 1. Proof of Attendance (POAPs)
- Attendees receive SBTs as proof that they attended an event (online or in-person).
- Ideal for certifications, exclusive rewards, and community recognition.
🎟 2. Preventing Scalping & Fake Tickets
- Since SBTs cannot be transferred, they prevent reselling or fraudulent ticketing.
- Organizers can ensure that only genuine attendees receive event benefits.
🎟 3. Exclusive Access & Community Building
- SBTs can grant access to VIP groups, future events, or private content.
- Organizers can use them to identify loyal attendees and offer special perks.
📌 How Attendees Receive SBTs on ONTON
✅ For Online Events – Attendees enter a password provided by the organizer to claim their SBT.
✅ For In-Person Events – Attendees scan their QR code at the event to receive their SBT.
✅ For cSBT Tickets – ONTON’s bot sends a claim link that must be opened by the attendee.
📢 SBTs are the future of Web3 identity, making events more secure, rewarding, and verifiable. 🚀
