Non-Fungible Tokens (NFTs)

The GATA Protocol's "Non-Fungible Tokens (NFTs) Model" is a Time-Bound "Annual Membership" NFT designed to provide exclusive access and benefits to members of the GATA Protocol Community. These NFTs will serve as proof of co-operative membership, providing access to the GATA Protocol's decentralized marketplace and logistics platforms, governance, exclusive community events, networking opportunities, and other benefits. These NFTs will be available for purchase by anyone interested in becoming a member of the community; however, it's important to note that these NFTs do not represent an investment, and the GATA Protocol does not guarantee any return or profit from the purchase of these NFTs. This model aims to provide a decentralized, community-driven approach to managing and growing the global business network while also providing value and incentives for members to participate and contribute.

The GATA Pass Membership NFT Model

• Membership NFTs: Members of the community will be issued unique NFTs that serve as proof of membership and grants them certain access, rights and privileges within the GATA Protocol annually. The NFTs would be bought from within the GATA Protocol’s platform.

• Issuance: The membership NFTs can only be bought by members who have completed and passed the web3 educational on-boarding course offered by the “1Billion2Web3Initiative”.

• Distribution: The GATA Protocol will issue membership NFTs to represent annual member access rights in the co-operative community. These NFTs will be available to the community at anytime, year round as long as they meet the above prerequisite.

• Governance: The protocol will be governed and controlled by the members themselves, through the use of their NFTs. Members can propose and vote on changes to the community's rules, policies, and projects using their NFTs as voting tokens (Roadmaped for Q2 2025 - Q2 2025).

• Voting: (1 NFT = 1 VOTE) Voting will be done by using the membership NFTs. Members will be able to cast single votes on each proposals. The smart contract will then tally the votes and it will be approved when it reaches the required threshold of 51% majority of votes per proposal. The approved proposal by the community members would be ratified by the administrative team.

• Incentives: Members may earn exclusive perks and benefits, such as early access to new products, discounts on merchandise, tokens or access to exclusive events.

• Rules: The GATA Protocol will establish rules and regulations to govern the use, value, and ownership of the membership NFTs. These rules will be designed to ensure fairness and transparency in the ecosystem.