Paragons Docs
  • Overview
    • Welcome to ParagonsDAO
    • ParagonsDAO Token (PDT)
      • Why acquire and hold PDT?
      • Bridging PDT
      • Revenue distribution
      • Initial token distribution and token circulating supply
  • Paragons Alliance
    • Why Paragons Alliance
      • Using Reputation as Credit
      • Membership Categories
    • Borrowing
      • Borrowing of Parallel cards via Bonds
      • Borrowing of Avatars and Keys via Gears
      • Player Revenue Share
    • Lending
    • Alliance FAQ
  • Staking
    • Why stake PDT
    • What’s new in Staking v2
    • How to Stake PDT
      • Migrating PDT from Mainnet Staking
    • Earning PROMPT Points via Staking
    • Epoch Rewards
    • Contract Audits
    • Staking FAQ
  • DAO
    • Governance Framework
      • Proposal Workflow
      • Types of Proposals
      • Proposals
        • 2024
        • 2023
        • 2022
      • Councils Overview
        • Council Code of Conduct
      • Paragons Council
      • Treasury Council
      • Core Contributors
        • Founding Team
        • Our Values
      • Community Calls
    • Council Elections
      • Nominations
      • Voting for council members
      • Election Voting Results
    • Treasury
      • Treasury Ethos
      • Dashboard
      • Assets and Wallets
      • Treasury Reports
      • Voting Results
    • DAO Reports
    • Contribute
      • Immunefi Bug Bounty
  • Products
    • Player Management System
      • Whitepaper: Reputation as Credit
    • Guild Management System
    • Priming
      • Sleeves
    • NFT Bonding
    • Smart Contracts
  • Community
    • Links
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  1. Products

NFT Bonding

To help build our significant collection of NFT assets, we launched our PDT token alongside our proprietary, first-of-its-kind NFT bonding solution (powered by OlympusPro). Through card bonding, community members could sell their Parallel NFTs to ParagonsDAO in exchange for PDT—our governance token.

Version 1

In January and February, 2022, we held two NFT bonding events with a combined budget of 23m $PDT. Through these events, we were able to collect 225 Parallel parasets, which have set us up for success for our play-to-earn strategy and PRIME revenue accrual.

Version 2

Our forthcoming plans for bonding include an ongoing, market-reactive NFT bonding experience. This will allow us to manage card bonding as an ongoing and iterative process based on our evolving needs (and aligned to evolving markets).

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Last updated 4 months ago

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