# Betfin Pass NFT

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### What is it:&#x20;

* Think of the Betfin Pass Token as a unique access ticket to the Betfin platform.
* The Pass NFT is a soulbound (non-transferable and non-burnable) digital token adhering to the ERC-721 standard.
* Legally, holding a Pass represents a "Membership Interest" in BF Protocol DAO LLC, providing the holder with the right to access and use the protocol’s suite of smart contracts.
* Unlike regular cryptocurrencies, each NFT is unique and cannot be exchanged one-to-one with other tokens. Find the technical details about the Betfin pass in [Mint Your Pass](/betfin-public/affiliate-manual/affiliate-explanation/betfin-pass-nft/mint-your-pass.md).

### Terms

* The Betfin Pass is strictly soulbound. Any attempt to transfer or burn a Pass will result in a contract revert.&#x20;
* This ensures that every member remains a permanent participant in the protocol structure.
* Each wallet can hold only one Betfin Pass, meaning it’s not possible to invite already-invited members:
  * **Linked Identity**: Every Pass stores an immutable record of the inviter’s wallet address at the moment of minting. This bond is permanent and serves as the on-chain ledger for direct betting and staking rewards.
  * **Fixed Structure:** Because the token is non-transferable, no one can sell or transfer their position in the affiliate hierarchy.
  * **Lifetime Rewards:** Your members remain in your referral structure permanently, ensuring a lifetime of potential rewards from their gaming and liquidity activity.

### Why it exists?

#### 1. Membership Identification

The Pass identifies members on the Polygon blockchain. It acts as a mandatory cryptographic gate; only verified holders can access Core functions such as providing liquidity to the pool, placing bets, or inviting new members. &#x20;

#### 2. Affiliate Infrastructure

It provides a decentralized, on-chain mechanism for referral tracking and reward accumulation, eliminating the need for central databases or operators.&#x20;

#### &#x20;3. Governance Foundation

Holding a Pass is the primary requirement for becoming a voting member. Once a Pass holder provides liquidity, they gain the right to participate in DAO governance to vote on protocol upgrades and new game registrations.

#### 4. Compliance

By acquiring a Pass, members self-certify that they are not "Restricted Persons" according to the BF Protocol DAO LLC Operating Agreement and applicable international sanctions.


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