SBT minting

This is a Graphical Overview of Processes of SBT[Soul bound Tokens]
That explains how the Soul-bound minting system works as this controls access to the ecosystem(s).

Why SBTs?

Soul Bound Tokens are really interesting as they are non transferable by design thus they can be used to control access to a variety of OnChain and Offchain systems. The basis of the soul token itself can vary from being based off a decentralised identity through to a formal governmental system
e.g: Nickname vs Real name.

The latter is particularly interesting as it then becomes a question of would a SBT be AML/KYC compliant? If so could it also be anonymous? If so, then you have a very interesting scenario of “Anons” who are compliant with AML/KYC laws.
The lack of compliance with AML/KYC is seen as one of the barriers to widespread option: Does this solve the problem?

To be clear SBTs and decentralised IDs are not novel; the combination of SBTs and ZKP is.

  • These soulbound tokens confer the following:

    • individual to mint a claim

    • The ability for an individual to access the secure Vault[ Read and write Access]

    • The ability for an individual to list their LNFT on a marketplace

    • If they pass a sophisticated investor check: the right to buy claims

Types of SBT

There are 4 main categories of SBT and all they have the following characteristics:


  • They are a store of the Zero Knowledge proof of a governmental or corporate identifier.[ The exact makeup of this identifier is currently being researched

  • They cannot be bought or otherwise transferred been parties

  • SBT holder acts in a fraudulent or malfeasance manner then the SBT can and will be burnt.

  • You cannot use one ID to produce multiple SBTs

  • They are compliant to the proposed standard thus they can be used in DEFI activities as a form of ID

    • The ability to mint a claim on behalf of a client[or themselves]

    • The ability to verify a claim [should they be AUTHORISED to do so]

    • The ability for an AUTHORISED individual to access the secure Vault[ Read Access ONLY]

    • The ability for an individual to list their LNFT on a marketplace.

    • The ability to use the same SBT across the ecosystem[ bankruptcy, tender and so]

    • The ability to freely trade claims

    • Right to claim a royalty on claims they verify themselves

    • The ability to mint a claim on behalf of a client[or themselves]

    • The ability to verify a claim [should they be AUTHORISED to do so]

    • The ability for an AUTHORISED individual to access the secure Vault[ Read Access ONLY].

    • The ability to query claims AND get contact information from potential clients

    • The ability for an individual to list their LNFT on a marketplace.

    • The ability to use the same SBT across the ecosystem[ bankruptcy, tender and so].

    • The ability to collect a royalty from any and all claims traded irrespective of whether they did the verification.

    .

The current design for the SBTs from a legal perspective are based on the sound writing by Matthew Kimber in “Bind to law”

    • The ability to mint a claim on behalf of a client[or themselves]

    • The ability to verify a claim [should they be AUTHORISED to do so]

    • The ability for an AUTHORISED individual to access the secure Vault[ Read Access ONLY].

    • The ability to query claims AND get contact information from potential clients

    • The ability for an individual to list their LNFT on a marketplace.

    • The ability to use the same SBT across the ecosystem[ bankruptcy, tender and so].

    • Right to claim a royalty on claims they verify themselves

    The ability to freely trade claims
    A discount will be applied on Pro Bono cases or public good cases.