On February 16, Shib project representatives announced the launch of the SOU NFT. The abbreviation stands for Shib Owes You.
Creators call the token a gesture of goodwill for directly distributing payments to affected ecosystem participants.
The new tool operates on the blockchain as a non-fungible token with complex smart contract settings. Owners can freely transfer the tokens to other addresses, while the underlying architecture allows users to fractionalize SOU.
Users also gained the ability to merge multiple tokens into a single asset.
Traders are not restricted to the project’s internal platform; crypto enthusiasts freely trade SOU on third-party marketplaces. Developers state the underlying algorithm is fully transparent, allowing any on-chain analyst to verify transactions via a public block explorer.
The compensation distribution program features several formats, including direct transfers alongside targeted donations. The team established a system of periodic rewards for holding the token. Wallet owners claim their tokens directly on the official portal.