# 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**\ 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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://help.ofero.network/ecosystem-overview/the-ofero-sft.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.