$FIRE Token Unlock Mechanism

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MATR1X
05-06

Dear MATR1X Users, To provide clarity on the $FIRE token unlock process, please refer to the following details:

šŸ“… Unlock Period

Starting from May 8th 00:00 (UTC +8) , accounts holding locked $FIRE tokens will undergo a daily unlock operation, continuing for a total of 180 days.

šŸ”¢ Daily Unlock Amount Calculation

The amount unlocked each day is calculated using the following formula:

Unlock Amount = min( Locked FIRE Balance, max( a, (1 / Remaining Unlocks) * Locked FIRE Balance ) )

Where:

  • a is a fixed minimum unlock amount per operation, which is 10.
  • Remaining Unlocks: Initially 180, reduced by 1 after each unlock operation is completed

After each unlock operation, the unlocked amount will be deducted from the account’s locked $FIRE balance.

šŸ’° Unlock Transaction Records

Each $FIRE unlock operation will be recorded in the transaction history with the note ā€œToken release.ā€

šŸ–„ļø Website Display

In the ā€œPlatform Assetā€ section, under ā€œLocked FIRE,ā€ an information icon (ā€œiā€) has been added. Clicking this icon will open a popup displaying the unlock rules.

šŸ“–Unlocking Note:

The unlocked $FIRE is considered as part of Game Mining. We will directly mint 56,622,704 $FIRE from the $FIRE contract and transfer it to the MATR1X platform treasury. Users can log in to their platform account to claim the unlocked $FIRE.

If you have any questions, please feel free to contact our support team. Thank you for your continued support!

MATR1X Team

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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