# NFTs (Non-Fungible Tokens)

**Project Merlin Community NFTs** are your **membership keys** to the heart of the ecosystem—the **DAO (Decentralized Autonomous Organization)**.

Owning one isn’t just an option—it’s the **only** way to unlock **full participation** in Project Merlin’s decision-making, reward systems, and exclusive opportunities.

These NFTs go far beyond being simple digital collectibles. They are **functional, utility-driven assets** that serve as your personal access pass to:

* **Voting power** in all DAO proposals—decide which startups receive funding and how the ecosystem evolves.
* **Reward eligibility** through the Vote2Earn program—earn points for participation and convert them into MRLN tokens every quarter.
* **Special privileges** like presale whitelists, airdrops, and early access to new platform features or partner campaigns.

In short, a Project Merlin Community NFT is more than proof of ownership—it is your **seat at the table**, your **voice in governance**, and your **gateway to rewards** in a growing global Web3 ecosystem.

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### Why do you need one?

Owning a Community NFT unlocks:

* **Voting Rights in the DAO**\
  Participate in **Camelot** and **Excalibur** Proposals, decide which startups get funded, and influence major platform decisions.
* **Access to Vote2Earn Rewards**\
  Earn points for every completed voting task. These points are converted into **MRLN token rewards** every quarter if the Treasury holds more than 30% of the total supply.
* **Priority Access**\
  Get whitelisted for presales, airdrops, and exclusive partner campaigns from projects funded by the DAO.
* **Community Recognition**\
  Your NFT acts as a badge of membership—showing you are part of the decision-making group shaping the future of the ecosystem.

***

### How NFTs are used in the Vote2Earn (V2E) mechanism

1. **Eligibility**
   * Only users who **own and link** a Project Merlin Community NFT to their platform account can earn Vote2Earn points.
   * Linking is done via your connected wallet.
2. **Earning Points**
   * **Shortlist Vote:** +5 points
   * **Final Vote:** +10 points
   * **Matching Bonus:** Up to +35 points per shortlist for accuracy
   * **Extra Tasks:** Points for completing reassigned tasks
3. **Quarterly Rewards**
   * At the end of each quarter, all points are calculated.
   * If the DAO Treasury holds more than 30% of the total MRLN supply, the **excess tokens** are distributed among NFT holders proportionally to their points.
   * Formula:

     ```
     mathematicaKopyalaDüzenleReward per Point = (Excess Treasury Tokens) / (Total Points)
     ```
4. **Claiming Rewards**
   * Rewards can be claimed once they exceed **10 USDC worth of MRLN**.
   * Claims are made via the Project Merlin platform, and tokens are sent to your chosen blockchain network.

***

### Transfer Rules

* **One Account Per Cycle**\
  An NFT can only be linked to **one account** during a voting cycle.
* **Mid-Cycle Transfers**\
  If you sell or transfer your NFT during an active cycle, the new owner must wait until the next cycle to activate their community status.
* **Rewards Ownership**\
  Rewards earned in a cycle stay with the account that held the NFT during that cycle.

***

### How to get a Community NFT

1. **Primary Sale**
   * Buy directly from Project Merlin during official NFT sale events.
   * Pay with MRLN tokens or other accepted cryptocurrencies.
2. **Secondary Market**
   * Purchase from other users via the **official Project Merlin NFT Marketplace** at **nft.projectmerlin.io**.
   * All trades are on-chain, and ownership is instantly updated.
3. **Royalties**
   * Every secondary sale includes a **7.5% royalty fee**, which supports the DAO Treasury and community reward pools.

***

### Why they matter

Community NFTs are **the gateway to influence and rewards** in the Project Merlin ecosystem.\
Without one, you can still explore the platform—but you **cannot vote, earn Vote2Earn rewards, or access exclusive presales and airdrops**.

Owning a Community NFT means:

* You have a **say** in where the ecosystem’s resources go
* You can **earn** from your participation
* You are **recognized** as part of the core decision-making group

***

💡 **In short:**\
A Project Merlin Community NFT is your ticket to **governance, rewards, and exclusive opportunities** in a global Web3 ecosystem—backed by transparent, on-chain processes and a thriving community.