🎉 Introducing the Codatta Genesis Pass: A New Era of NFT Utility

Codatta is proud to announce the upcoming launch of a unique, highly valuable non-fungible token (NFT) — the Codatta Genesis Pass. This NFT, specifically designed for early adopters, goes beyond traditional collectibles. It is a Soulbound Token (SBT) that rewards contributions to the platform and is positioned to represent long-term value and exclusive rights within Codatta’s growing ecosystem.

What is the Codatta Genesis Pass?

The Codatta Genesis Pass is a limited-edition NFT designed for early users of the Codatta platform. Codatta is committed to advancing AI by harnessing the power of user-generated annotations and high-quality data collection. With this in mind, the Codatta Genesis Pass serves as a symbol of recognition for early contributions while offering future benefits tied to the platform’s long-term success.

Unlike conventional NFTs, which are often viewed as digital art or collectibles, the Codatta Genesis Pass provides practical value. It represents the platform’s commitment to rewarding active contributors and creating a community that fosters collaboration and knowledge sharing.

Unique Features of the Codatta Genesis Pass

Soulbound Token (SBT): Personal and Non-Transferable

The Codatta Genesis Pass is an SBT, which means it is permanently bound to the user’s identity and cannot be traded or transferred to others. This uniqueness ensures that only the most engaged users who have actively contributed to the platform’s growth can hold the pass. The personal nature of the token reflects the true essence of decentralization, where individual contributions and identity matter.

By issuing the Codatta Genesis Pass as an SBT, Codatta guarantees the authenticity of each pass and ties it to specific user accomplishments, ensuring that rewards and privileges are exclusive to those who have earned them.

Acquiring the Codatta Genesis Pass: Free Mint with Criteria

While the Genesis Pass is a free mint NFT, users must complete specific tasks to unlock the minting process:

• Complete beginner tasks: Users need to finalize platform setup, link social media accounts, and complete both validation and submission tasks to prove active participation.
• Minimum points requirement: Only users who accumulate a minimum of 800 points will be eligible to mint the pass.

Limited Availability and Scarcity

The Codatta Genesis Pass will be released in limited rounds to maintain its scarcity and competitiveness. Check out the details here:

• The first release of 1,000 units will launch in collaboration with Mint Blockchain at 10:00 AM UTC on October 28, featuring an exclusive joint event and rewards. Full event details will be announced soon — stay tuned!
• Each limited NFT will have a unique serial number. The serial numbers for this round of release range from 0001 to 1000.
• Each wallet address can only mint one NFT. During the event, if a wallet qualifies, the account can be linked but cannot be unlinked until the minting event ends.

Non-Tradable: Binding Identity and Rights

Since the Codatta Genesis Pass is an SBT, it cannot be traded. This means the rights and benefits associated with the pass are permanently tied to the holder’s wallet address. Ownership represents more than just a digital asset; it links the pass directly to the user’s contributions and future potential within the Codatta platform.

Benefits of Holding the Genesis Pass

The Codatta Genesis Pass offers more than just symbolic recognition. The pass serves as proof of participation and may be linked to future opportunities such as airdrops and dividends. Over time, the pass may also unlock platform governance rights, offer special feature access, or provide additional rewards through staking and community participation.

In the short term, users can expect the Codatta Genesis Pass to tie into ongoing platform activities and future token-based rewards, allowing holders to take advantage of the growing Codatta ecosystem.

Commemorative NFTs for Frontiers

As Codatta expands across various frontiers, users who contribute to each frontier will receive commemorative NFTs that carry special significance. These NFTs will not only act as badges of honor for early participation but also may be tied to future airdrops and offer long-term collectible value. Each frontier-specific NFT will reflect the user’s efforts in the data annotation process, incentivizing continued involvement in multiple areas.

Stay tuned for more developments, and make sure you’re actively engaged with the Codatta platform to be part of this innovative NFT ecosystem!

Glossary

Codatta Genesis Pass (noun) — a Soulbound Token (SBT) that rewards contributions to the Codatta platform and is positioned to represent long-term value and exclusive rights within Codatta’s growing ecosystem.

NFT (Non-Fungible Token) (abrv) — An on-chain asset that has a quantity of 1, which has unique traits that differentiate it from any other.

SBT (Soulbound Token) (noun) — Non-transferable NFTs held by a private crypto wallet known as Souls. Soulbound tokens are non-transferable, and cannot be sold or given to another person. It is a digitally representing asset that cannot be acquired by purchasing, such as certificates of competence, reputation, medical records, etc.

Meet Codatta

Codatta is the decentralized data platform that connects AI developers with data creators to co-train AGI. Codatta is currently engaged in diverse annotation frontiers, including crypto annotation, healthcare pathology annotation, and robotics annotation. It also offers tailored solutions to meet unique business needs.

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