Lottery Program & CitPass

CitPass is a Citizen's Pass — SBT token that identifies that this user is eligible to mint FAITH token in case that he meets other conditions.

The Diversity Pass Lottery (DPL) is a special repeating event within VERV: fusion platform. Program gathering requests from the users to obtain citizenship. Based on eligible applications (that are not duplicates, suspicious, other) number, the system will mint 2-6% of CitPass tokens, randomly. Only applicants are eligible now for the auction to determine the price. The minimum price is determined on quotes that were provided during the gathering.

CitPass tokens can be used as a secondary. Let's say, if you gifted CitPass to your spouse or kid, and they were unable to pass existing citizenship requirements, you can sell CitPass back to the system, or gift to someone else, or sell on the market. In this case, Lottery minting will be paused, and human-related tokens will be sold off. No extra fees on market sale.

CitPass is SBT token