Idexo Publishes New Open Source Contracts for Linking NFTs to Soulbound Tokens, Consumable NFT Polls and Consumable NFT Vouchers

LONDON, 11 October 2022 /PRNewswire/ — idexo is pleased to announce that it has published new open source smart contracts written in the Solidity programming language to connect NFTs from various smart contracts to a Soulbound Token, creating a voting contract where votes are cast by NFT- holders and votes can use tokens, and a payment contract where payment can be in any specified token and made for specific products, with payments generating a spendable NFT voucher for those products. These contracts are now available in the idexo ido-contracts repository on Github.

The linked NFTs Soulbound Token smart contract enables the linking of NFTs from other smart contracts and blockchains to a Soulbound Token ID, thus expanding the data that can be known and associated with a holder of that ID. Applications of this include creating rich token-gated experiences that display all linked NFTs and provide contextual content and access based on the linked NFTs and their attributes.

For example, Idexo has created a Token Gating tab in its own community dApp that allows community members (called Idexonauts) to see all the NFTs they have collected through community campaigns or through efforts and unlock special content, discounts, coupons, voices and other applications based on their Soulbound Token profile.

Idexo also offers the same functionality to customers of the application who wish to offer the same to the community and/or customers.

The Spendable Voting smart contract enables the creation and voting of proposals that include an amount to be spent as part of the proposal and issued to specified wallets. Voters on the proposal are holders of NFTs, with the eligible NFT smart contracts set through a contract function. Applications of this include creating flexible DAO structures based on any combination of NFTs and usable tokens as needed to enable governance tools.

For example, idexo uses these contracts to enable holders of NFTs generated through their staking pools to vote on spending proposals for its native token. When users own any of the idexo stake pools, the stake generates an NFT with data about their stake such as stake amount and lock period, and it is this NFT that is then used in the usable voting contracts. These voting systems will be integrated into the community Token Gating UI, unlocking the interface when users connect to the wallet containing the eligible NFTs.

Idexo also makes these Spendable Voting smart contracts and hosted application user interfaces available to its customers for use in their communities.

The Consumable NFT Coupon smart contract is a payment contract that specifies one or more native tokens to be used for purchases and products that include the number of uses for a given price in tokens. When the purchase function is used for a specified product and given amount paid, a receipt voucher NFT is generated and sent to the buyer for use in consumption. As the coupon NFT is used, the number of uses is reduced accordingly until the point is fully used, where it will no longer be valid for use. Applications of this include providing a flexible payment tool for native tokens in a community ecosystem.

For example, idexo plans to use this consumable NFT system to provide the community with a way to purchase one-time or multi-use access to applications, such as NFT surveys, that would otherwise require a monthly subscription, using its native token to make the purchases .

“We are excited to finally release some of these open source contracts to the community and adopt them in our SDK / API, SaaS products and community applications,” says Greg MarlinCEO/CTO of idexo, “Behind the scenes, idexo is continuously working on many different types of NFTs and Soulbound Token’s innovation smart contracts, and we look forward to releasing many more in the near future to address a wide range of use cases.”

Idexo’s founder and CEO/CTO Greg Marlin currently attending Ethereum DevCon i Bogota and is available for contact with interested parties to discuss these and other recent releases.

MEDIA CONTACT

Company: idexo
Name: Greg Marlin
Email: [email protected]
City: London
Country: Great Britain
Website: https://idexo.com
Telephone: +44 20 8089 1372

SOURCE idexo