> For the complete documentation index, see [llms.txt](https://help.ofero.network/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.ofero.network/ecosystem-overview/the-ofero-sft.md).

# The Ofero SFT

***

### Overview

The Ofero Network Semi-Fungible Token (**SFT**) is the most valuable asset in the ecosystem, functioning as **a true share of the network**. Each SFT **embeds the equivalent of 450,000 OFE** within it—no additional tokens are needed—granting holders a passive annual percentage rate (APR) of **8.4%**. Rewards are distributed transparently from the wallet managed by the SFT Smart Contract, with all transactions visible on the blockchain:

**Ofero: SFT Smart Contract**\
<https://explorer.multiversx.com/accounts/erd1qqqqqqqqqqqqqpgqj8u0xtmjehue9xtwmpufestl88g0l8mjvmdsnz9vwg>

All network profits are directed to the **Ofero SFT Smart Contract Wallet** for distribution to SFT holders.\
\
**This ensures sustainable long-term rewards and decentralized governance.**

***

### Governance and Vision

Ofero Network envisions a fair and decentralized governance system, with key milestones for participation:

* **Unique Holders Target:** By July 1, 2026, Ofero aims for at least 700 unique SFT holders actively engaging in governance.
* **Profile Registration:** Holders must register and verify their profiles on [ofero.me](https://ofero.me).
* **Staking and Governance:** While staking is technically unlimited, Ofero aims for a system where governance and participation are based on holding a single SFT per person.
* **Annual Meetups:** Starting in 2026, in-person governance meetups will be held at a global location each year. Remote participation will not be available, requiring attendees to be present in person.
* **First Governance Meetup:** Scheduled from August 16, 2026, to August 23, 2026, with the location determined by a community vote on March 7, 2026.

***

### VIP Status and Privileges

Holding an SFT grants VIP status within the Ofero Network, offering:

* Exclusive recognition.
* Governance voting rights.
* Access to special privileges within the ecosystem.

***

### Historical Transition (For Early Holders)

* **Refund Option:** Early holders who preferred the original terms could request a full refund of 112,100 OFE per SFT until February 28, 2025.
* **Post-Deadline Transition:** After February 28, 2025, all SFTs automatically adhere to the current valuation model, and refund requests are no longer accepted.

***

The Ofero SFT is more than an asset—it is a stake in the network’s future, granting rewards, governance influence, and long-term value.