Proposal 1: SBT Claim Fees Incentive Plan
Status: Executes June 1st, 10:00 UTC
Type: Fee Distribution Mechanism
Execution: On-chain
Summary
This proposal introduces a fee distribution mechanism for Bookies NFT holders on Sui.
Under the proposal, 30% of all SBT claim fees collected by the protocol will be distributed to eligible Bookies holders who meet the continuous holding requirements at the time of snapshot. Distribution is proportional to the number of qualifying NFTs held.
The proposal is intended to align protocol activity with long-term ecosystem participation by connecting part of the protocol’s fee generation directly to qualifying community members.
What is the SBT Claim Fee?
Minting a TBook SBT requires a one-time claim fee paid on-chain.
TBook SBTs function as verifiable on-chain credentials that can be used across applications and ecosystem infrastructure.
Fee Purpose
The claim fee primarily exists as an anti-Sybil mechanism.
By introducing a cost to credential minting, the protocol reduces the likelihood of large-scale automated minting or identity spam, helping preserve the integrity and reliability of the credential system.
How fees are managed
All claim fees are collected and managed transparently on-chain.
Transactions, fee flows, and distributions are publicly verifiable through the blockchain record. No off-chain fund management or discretionary allocation process is involved in the execution of this proposal.
What Changes on June 1st
Beginning June 1st, 2026, 30% of all SBT claim fees collected by the protocol will be allocated to qualifying Bookies NFT holders through an automated distribution mechanism.
Fee Distribution Model
Allocation Structure
30% of SBT claim fees are distributed to qualifying Bookies NFT holders;
Distribution is proportional to qualifying NFT holdings at snapshot time.
For example, a holder representing 2% of all qualifying NFTs would receive 2% of the distribution pool for that cycle.
Simplified Distribution Flow
A user mints an SBT;
A claim fee is paid in SUI;
30% of collected fees are allocated to the holder distribution pool;
Eligible holders receive distributions during the distribution cycle.
Requirements
The 15-Day Rule
Your Bookies NFT must remain in your wallet, on Sui, without interruption for at least 15 days at the time of snapshot.
Critical: Transferring your NFT resets the holding period to zero. Even a brief transfer — send to another wallet and back — disqualifies you.
Snapshot Time
The snapshot will be taken prior to proposal execution on June 1st, 10:00 UTC. The exact snapshot time will be announced separately.
Only NFTs meeting the continuous holding requirement at the time of snapshot will qualify for the distribution cycle.
Multi-Holder Advantage
Holders with multiple qualifying Bookies NFTs will receive distributions proportional to their total number of eligible NFTs.
How Distribution Works
Automatic Distribution
Eligible holders do not need to manually claim incentives.
Distributions are executed automatically to qualifying wallets through the protocol’s distribution mechanism.
Distribution Frequency
Distribution cycles and execution schedules will be announced separately.
Frequency may be adjusted over time based on operational considerations such as gas efficiency and protocol activity.
Verification
All distributions are recorded on-chain and can be independently verified, including:
Total fees collected during the distribution period;
Total amount allocated to holders;
Individual distribution amounts;
Transaction records and wallet receipts.
Why This Matters
Alignment With Long-Term Participation
The proposal is intended to reinforce long-term ecosystem participation by linking part of the protocol’s economic activity to qualifying holders.
Ecosystem Incentive Structure
As protocol usage increases through additional applications, credentials, and integrations, fee generation may increase correspondingly. The distribution mechanism is designed to create a direct relationship between ecosystem activity and participant incentives.
Governance Objective
This proposal represents an early implementation of the protocol’s broader incentive alignment framework, where governance and economic participation are intended to operate through transparent and verifiable mechanisms.
Long-Term Vision
This proposal is intended to be the first fee distribution mechanism within the governance framework, not the final one.
Future governance proposals may introduce additional incentive structures, allocation mechanisms, and ecosystem participation models. As with this proposal, future changes are expected to follow the same governance process: public proposal, transparent verification, and on-chain execution.
Frequently Asked Questions
Q: What happens if I transfer my NFT before the snapshot?
A: Your holding period resets to zero. You will not qualify for this distribution cycle.
Q: Can I buy an NFT now and still qualify?
A: Yes, as long as you hold it continuously for 15 days before the snapshot is taken. Start holding as soon as possible to ensure you meet the requirement.
Q: Do I need to claim the distribution?
A: No. Distributions are automatic to your wallet.
Q: What if I hold my NFT on a different chain?
A: Only NFTs held on Sui qualify. Cross-chain holdings do not count.