NFT Rental Functionality

Versatile Use Cases

The JPod NFT offers versatility by allowing holders to rent it out to other users, expanding its utility. This rental feature creates dynamic use cases, such as short-term Pod access or temporary benefits linked to the NFT. To provide this service, we employ reNFT smart contracts.

Management Fee When NFTs are rented, a 10% management fee is applied to the total rental value. This fee is allocated as follows:

• 1% to JComplianceDAO, overseeing legal matters.

• 2% to IBU DAO, responsible for overall project growth and execution.

• 7% to JPod DAO, covering maintenance costs for the JPods.

The management fee ensures the ongoing development of the rental feature, sustains the ecosystem, and supports the maintenance of the JPods, contributing to the overall project sustainability. It's worth noting that the fee distribution can be altered following a proposal to the IBU DAO.