# NFT Work Permit Growth System

## What is NFT Work Permit?

The ‘Work Permit’ is an NFT Token given to each user within the system.

that can only be transferred under limited circumstances. The Permit records investment performance and is used in determining Proof of Profitability.

GPs holding NFT Work Permit will enjoy the following benefits：

* **Holders will enjoy differing access limits to funds according to their performance.**
* **Holders will enjoy differing stop-profit and stop-loss windows according to their performance.**
* **Holders at certain levels will be eligible for MUL Token airdrops that occur from time to time.**

## How to transfer NFT Work Permit?

NFT opens up an exciting world. In Multiple Protocol, NFT work permits are issued in a limited number, with each one unique.

When NFT Work Permits are insufficient, they are allowed to be transferred through auction.

**Auction method:** Increase bid by an incremental amount, and the highest bidder, after the auction time is up, is called the buyer

**Support token:**MUL token

**Opening bid:**Initial auction price set by the seller

**Start time:** Auction start and end time set by the seller

**Security deposit:** Bidders need to lock the security deposit when making the first bid. After the auction ends, if the buyer cannot afford the bid, the security deposit will be withheld to compensation for the auction loss of the seller

**Reserve price:** The seller could decide whether to use reserve price. If the reserve price is used and higher than the maximum bid, the auction will not succeed. If the reserve price is not used, the highest bidder will be the buyer

**Bid increment:** The bid made by bidders each time shall increase by the fixed bid increment and shall not be lower than it


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