🪪Commonwealth ID

Introduction

The Commonwealth ID is a Soul Bound Token (SBT), which users can mint by consuming $4 tokens. Only those with a Commonwealth ID can stake and generate ve4.

The Commonwealth ID serves as proof of Commonwealth membership — an SBT that is applied to enhance veToken rewards and accumulate Commonwealth contribution points during veToken staking.

There are 7 levels of Commonwealth IDs, with different levels granting access to various levels of the DC. The Commonwealth ID also enhances the weight of $ve4, and the level determines the degree of enhancement.

Minting Fee Distribution

Commonwealth IDs’ minting fee distribution:

- 30% goes to the $ve4 staking pool

- 70% goes to the community DAO treasury

Benefits

The consumption and benefits of each level of Commonwealth ID are as follows:

Level	Amount of $4 consumed to mint	Benefits
1	40,000,000,000	Only after minting the Commonwealth ID can you stake and generate ve4
2	100,000,000,000	boost 5% of ve4 weight
3	250,000,000,000	boost 10% of ve4 weight
4	500,000,000,000	boost 20% of ve4 weight
5	1,000,000,000,000	boost 30% of ve4 weight
6	2,000,000,000,000	boost 40% of ve4 weight
7	4,000,000,000,000	boost 50% of ve4 weight