Rewards Release Schedule
When a user reaches the threshold of weekly storage, the gems are “automatically staked,” which is the default setting. The gems are automatically converted to UUM and staked on-chain.
The “auto staking vesting period” is 12 months; every week, there is a 24H window to turn gems into UUM.
The treasury has a fixed supply to reward learners every week, so early community members will earn more, contributing to the platform’s network effects.
The gems: UUM conversion rate is adjusted dynamically proportionally to the current price of the token to avoid sell pressure.
The treasury has a fixed supply to reward learners every week. Meaning that if we combine weekly users’ earnings, they will be above the number of tokens available. The Gems: UUM ratio must be adjusted accordingly.
The project reserves an option to add further supply via approval from the founders once the total supply is reached. See how ENS did this.
Last modified 8mo ago