# Stellar Membership

**Our Solution**

* Stellar Union will track the number of Stellar Drifters held & the length of time it has been held.&#x20;
* A specific tier is then awarded to each holder based on these numbers.
* Benefits range based on each tier with higher tiers getting more access to utilities including but not limited to WL spots, Raffles, NFT Giveaways, Gachapon spins 👀, Partnership priorities and Beta testing.
* We intend for the system to be simple, with limited steps in registration and wallet tagging. We would like to reward loyal Stellar Drifters holders' with a system where period of holdership is rewarded exponentially. The lack of a token system would also ensure no inflationary pressure.

#### Goals of this system

1. Incentivise Holding
2. Replace the need for tokens
3. Generate holder value for a sustained period of time

#### How it works

* The weightage of each holder is measured by two factors: **“Time” & “Quantity”**&#x20;
* Value is distributed differently across different Tiers.&#x20;
* “**Time**” offers every holder an equal opportunity as those with “Quantity”, all it requires is the simple act of holding.&#x20;
* “**Quantity**” refers to the number of NFTs a holder is holding.&#x20;
* Value is then calculated with the following formula:\
  V = Q x t^K\
  V: Value, Q: Quantity, t: time, K: constant


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