# Status - TBD

**$MLS**

$MLS stands for MetaLand Shares, our governance token. Stake $MLS to share platform fee!



**NFT badges**

**Ranks:** The Royals / The Dukes / The Knights / The Swordsmen

**Rights:** Holders of NFT badges (any ranks) are able to participate in all activities on WACE and differs in their rights.&#x20;

**Trade:** NFTs can be traded on NFT marketplaces. The first owners will enjoy a perpetual 2.99% owners fees from each trade.&#x20;

**Collectibles:** NFTs can be kept as collectibles - an act that will enhance the levels of NFT as time progresses. During this period, NFTs cannot be listed or traded. Keep your NFTs as long as possible for the greatest enhancement!

Once an NFT is kept as collectibles for 7 days (168 hours), a lottery ticket will be issued to the NFT owner for a lucky draw.



**Community points**

Your social activities on WACE community (Discord / Reddit) will reward you will community points.

Your gaming and trading activities will do the same!

**Use-Cases**

* Redeem points for $MLS and v.v. - Community points and USDT values are linked and inter-exchangeable. $MLS can then be staked, or exchanged for community points. Each redemption incurs a commission fee.
* Upgrading NFTs
* Stake to obtain governance rights
