Points Program Mechanics

Points Accrual

• Users earn points every day for activities on the platform.

• Points accrued are tallied over a 3-month period.

• There is no cap on the number of points a user can earn.

• The total rewards pool is 1M OPEN allocation.

Point Expiration

• Users have a 3-month redemption period after the accrual period ends to redeem points.

• Any unredeemed points expire permanently after the 3-month redemption period.

• There is no rollover of expired points to the next accrual period.

Redemption Rate

$CR= X / R$

Where: CR = Conversion rate

X = Total reward points accrued

R = Total rewards pool

*The conversion rate of points to OPEN allocation is based on total accrued points vs 1M OPEN allocation.

Redemption Process

• The 3-month redemption period starts after the accrual period ends.

• There is a 3-month lockup period before redeeming OPEN.

• The total process from accrual to redemption takes 6 months.