# Membership Types

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**Legal & Financial:** The two types are vastly different and may affect your tax obligations. Be sure to understand both types fully!&#x20;

Always consult with licensed professionals when your tax and other serious matters are the topic at hand. Lawyers, agents, financial advisors, tax professionals should be your source of knowledge, not Telegram, Twitter, nor Reddit (although we love them, we too **do** **not rely** on them for **any legal or financial advice**).&#x20;
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Names, representations, and illustrations are subject to change. We are currently working on the code. The user facing items like names, are still up for debate and we would love your input!
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## Owner Members (Legal Members)

#### Real Property Investors, carries legal, financial, and tax implications&#x20;

For those who can participate in the sale of and investment in real world properties, they will become known both to us, and to the governments whom hold jurisdiction over us and them (the members) as *Members or Shareholders* (to governments) and/or *Owner Members (to the Fiefdom).*

In the United States of America, those who own an interest in a corporation are called share holders while those who own an interest in an LLC are called members.

For what we are doing here (fractional ownership), vesting property by any means other than a legal entity with members and/or share holders is impractical, reckless, cumbersome, and in some places, illegal. One way to hold title with another is to marry that person. Obviously, this is not an option. Other ways are not as obvious but with a little research, anyone will be able to determine why those methods of holding title are not useful here.

Depending on several factors, like; laws of jurisdictional body, property type, revenue levels, management segmentation, etc.; Owner Members will either be a part of an LLC (most likely for USA markets) or a corporation (most likely for very large USA properties/projects).

#### Let's be honest

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**Not financial advice!** We are not approved, licensed, or insured to provide you with any financial or tax advice.
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When compared to things like Wagmi, SushiSwap, or PancakeSwap; Fiefdom Lords Real Property fractional investment model may seem boring and too little of a return for some; especially the younger generations (who probably will not read any of this). This way of thinking will surely change with the death of DeFi as we currently know it. It is no secret, 1000% APY's are only sustainable for a very short amount of time. The projects that are little more than a steam roller of inflation will one day crumble like a house of cards. Only a handful of DeFi projects (other than Borrow & Lend Markets like Aave/Venus/Tranquil, these will prevail), will make it through the \
**Deadly** **DeFi Downgrade** (aka bubble bust).&#x20;

## Ranked Members (Platform Members)

#### Gamification, Boost, Perks, Access

A large part of the rank scoring system comes from items other than account TVL and/or earnings. Taking part in tournaments, social media campaigns, community influence and engagement, length of time as a user of the Fiefdom Lords DeFi Platform and frequency of use/visits are a few of the metrics to be used.&#x20;

Users accumulate points that are compared to a platform generated score. Each period, the C-Score is published and users that are above the score, have completed the task list, and accept the title will be promoted. Their title, certificate of benefits, viewable graphic representing their avatar, will all be verifiable and unique with an NFT. &#x20;

This [Non-Fungible Token ](https://thefiefking.gitbook.io/fiefdom-lords-litepaper/introduction/who-or-what-is-a-fiefdom/important-terms#new-age-technology-+-finance)(not interchangeable token; unique) can be applied to deposits to increase your share of the allotted yield. There are other uses for the rank & title NFT some of which are off chain interactions that will be verified, authorized, and logged on the blockchain. For instance, Harmony ONE met in December of 2021 in San Francisco. As an example; depending on your Rank & Title (+ accompanying benefits); you may have been able to attend with offers for discounts, and/or free lodging. Other times, you may be able to claim a free piece of merch. The NFT have a self life that is derived from the C-Score. They are **not** one time use. We would estimate each NFT title to be valid for 2-5 years (estimates only). The lower the title, the less time you have until being stripped.

#### Title & Rank Stripping

Once above a certain level Titles & Ranks will not expire (lifelong). Until that lifelong appointment (rank) is reached, you must continually advance in level or risk losing your Title and Fiefdom Rank. Once all Fief is minted, all current NFTs can be swapped for lifelong status. Title & Rank NFTs can not be swapped nor transferred. Other simple NFTs (boost for days, fee discount, etc.) can be sold/swapped/transferred.

It is not required to accept the title. Those not wanting to receive the NFT can simply ignore any notices/alerts, and that portion of the DApp entirely with out fear of missing something relevant to the core operations.  The rank and title area will be isolated for only its own purposes.&#x20;
