Masaaki Taira, Chairperson of Web3PT and a member of the House of Representatives Japan will issue Soulbound tokens (SBTs) as a Liberal Democratic Party membership to applicants.
Contents:
What are Soulbound tokens (SBTs?)
Rep. Taira becomes the first Japanese parliamentarian to adopt SBTs
How to claim LDP membership SBTs via eKYC?
The Institute for Blockchain Strategy and Policy on June 23 announced “Taira-kun SBT” will only have 1,000 pieces for a claim. It is an experiment with eKYC to adopt blockchain technology in the Japan Parliament.
What are Soulbound tokens (SBTs?)
Soulbound tokens or SBTs are quite different from non-fungible tokens. Unlike NFTs, SBTs cannot be owned or transferred by anyone else except the person to whom it is issued. This ensures the security and authenticity of digital assets.
However, SBTs are built on blockchain technology. According to sources, Rep. Taira wants to adopt eKYC by creating these assets on the Polygon. This blockchain is widely known for its high scalability, zero gas fee, and fast transactions. Polygon is already adopted by big corporations such as Disney, National Football League, Starbucks, Adidas, Prada, and many more.
Rep. Taira becomes the first Japanese parliamentarian to adopt SBTs
Having a big name in the Web3 industry, Rep. Taira is bringing the newly emerging technologies into the parliament for various use cases. The “Taira-kun SBT” is the first membership card issued as an SBT in the Japanese parliament by a party.
According to The Institute for Blockchain Strategy and Policy, the SBTs via eKYC will be issued on the HAZAMA BASE #Web3 platform, powered by IndieSquare. “Taira-kun SBT” features Rep. Taira’s character holding a placard.
Since this is a limited edition of 1,000 pieces, people can claim these SBTs on a first-come-first-serve basis without paying any gas fee. Successful SBT holders will also get to attend an invitation-only event organized by Rep. Taira. The event is scheduled to be held in September this year.
How to claim LDP membership SBTs via eKYC?
The Institute for Blockchain Strategy and Policy states only Tokyo residents can claim these SBTs. The party will hold an application period of one week to issue the LDP membership cards to the holders.
The distribution begins from June 23 until July 31, 2023. Interested individuals can apply for the application period on Masaaki Taira’s official website: taira-m.jp
For more guidelines and information on eligibility:
https://ldp-membership.my.salesforce-sites.com/?gid=a0D2w00000IFBv3
