> For the complete documentation index, see [llms.txt](https://byacademy.gitbook.io/byacademy-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://byacademy.gitbook.io/byacademy-docs/tokenomics-of-byacademy/status-system.md).
# Status system
### Benefits for token holders and for people who have purchased statuses in the BYAcademy project:
* Receiving a “salary” from staking the project’s budget;
* Participation in giveaways;
* Discounts on the Academy and other products within the BYAcademy ecosystem.
By accumulating a certain number of BYAcademy tokens in your wallet, you can purchase a status within the project.
\
When you buy a status, you receive an NFT token in your wallet; the NFT tokens will be on the Decimal network.
> After the introduction of NFTs on the Axiome network, the NFTs will operate on the Axiome network.
> Also, those who purchase statuses gain access to the private chat for status holders.
* Reverse exchange of NFTs for BYAcademy tokens is not possible.
* When purchasing an NFT with a privilege, the received tokens go into the channel’s budget.
* All tokens received from the sale of statuses are allocated for delegation.
* Undelegation is possible only after unanimous consent of the entire governing council.
* Changes to the tokenomics are possible only after full agreement of the entire governing council.
> The staking income from the project’s budget earned between the 1st and 14th of the month is distributed by 23:59 on the 14th among all NFT holders — Subscribers, Investors, and Managers — in the ratio of 10 % / 30 % / 60 %.
> The income generated from staking between the 15th and 18th of the month is used for the buyback of tokens to grow the project’s pool.
> The income earned from staking between the 19th and 22nd is allocated for the project’s development.
> The income generated from staking between the 22nd and the last day of the month (inclusive) is allocated for airdrops and giveaways in the following ratio: 10 % for airdrops, 30 % for small giveaways, and 60 % for major giveaways.
### The project’s formed budget is distributed as follows:
```
5% — Subscriber status income
15% — Investor status income
30% — Manager status income
25% — Token buyback / Project development
2.5% — Airdrop
7.5% — Small giveaway
15% — Major giveaway
```
### Statuses:
To obtain a status, you need to message [Marcel on Telegram](https://t.me/MK_81) and exchange BYAcademy tokens for a STATUS. The exchange is accepted only in BYAcademy tokens; in return, you’ll receive an NFT in your wallet. A reverse exchange of NFTs for BYAcademy tokens is not possible.
To upgrade your status, you need to add the missing amount of tokens and exchange the current status NFT for the new status NFT.
### **Manager**
* 20 % discount on the Academy;
* Income from staking the project’s coins held in the project balance;
* Participation in the project’s major giveaways;
* Access to the project’s private chat.
### **Investor**
* 18 % discount on the Academy;
* Income from staking the project’s coins held in the project balance;
* Participation in the project’s major giveaways;
* Access to the project’s private chat.
### **Subscriber**
* 15 % discount on the Academy;
* Income from staking the project’s coins held in the project balance;
* Participation in the project’s major giveaways;
* Access to the project’s private chat.
### **Beginner**
* 15 % discount on the Academy;
* Participation in the project’s small giveaways;
* Access to the project’s private chat.
