5.4. Brokers and Guilds

The development and expansion of LM is inseparable from the economics and the guild. In LM, brokers are higher-level members, and guilds are higher-level brokers. LM allows guilds to form their own alliances in the platform in the form of Sub-DAOs.

In the form of smart contracts, LM automatically records and distributes brokerage rebates and referral bonuses. There is no manual intervention in the whole process of distribution, and brokers no longer need to worry about not getting income or getting less income.

The following is the relationship between members, brokers, and guilds:

SubDAO is an alliance of several unions. Each SubDAO is a partner of the LM Foundation and a member of LM DAO.

Remark:

Conditions for brokers: Become an LM member and own a rare NFT (level>3)

Conditions for establishing a guild: Become an economic person and have an additional rare NFT (level>5)

SubDAO: Become a guild and have a rare NFT (level >7)