The Commitment Phase is here!
It has been more than a week since Multipli’s Community Sale began. The first phase, the Pre-Open Phase, saw interested users verify themselves and register for the sale.
17th August, 2026 marks the beginning of the Commitment Phase. This phase allows you to place your commitments to buy $MULT. Community members can buy $MULT at the Standard Access Rate, whereas reward holders can buy it at an exclusive, special Ecosystem Preferred Rate, or skip the purchase altogether and vest into $MULT at no cost.
The phase lasts for 7 days, running from 17th August, 2026, to 24th August, 2026. Read on to know how the sale works and what your options are.
What can you do in the Commitment Phase?
The Commitment Phase allows you to create commitments for $MULT. You can choose how much you want to buy, which will later get distributed in the Settlement Phase.
Non-Reward holders
Non-reward holders can avail $MULT at the Standard Access Rate of $250M FDV (subject to overall raise limits).
What does Standard Access Rate mean?
Standard Access Rate refers to the $250M FDV at which anybody can buy $MULT at.
Reward holders - the Ecosystem Preferred Rate
If you own ORBs, Crystals, Keyring ORBs, Tonso reward and tORBs, you get to buy $MULT at a special, exclusive FDV of $100M FDV, officially called the Ecosystem Preferred Rate. You can also vest those same rewards to receive $MULT automatically over time, at zero cost, no purchase required. Here’s how each path breaks down.
Important terms to know before you start:
What is Maximum allocation?
Maximum allocation refers to the amount of $MULT you can buy at the Ecosystem Preferred Rate. Read this blog to know how your maximum allocation is calculated.
What is Ecosystem Preferred Rate?
Ecosystem Preferred Rate refers to the $100M FDV that some Multipli reward holders get to buy $MULT at. It sits below the standard rate everyone else buys at.
1. tORB holders
tORBs were given to users who participated in Multipli’s testnet.
If you hold just tORBs
Buy $MULT at Ecosystem Preferred Rate
You can buy $MULT at the $100M FDV up to your maximum allocation of $5000 USDC. If you wish to buy any more $MULT, you can avail it at the Standard Access Rate of $250M FDV.
2. Keyring ORBs holders
Keyring ORBs were given to users who participated in Multipli through Keyring.
If you hold just Keyring ORBs
You get two options:
Option 1: Buy $MULT at the Ecosystem Preferred Rate
Use your rewards to buy $MULT at a community-exclusive $100M FDV, officially called the Ecosystem Preferred Rate, up to your maximum allocation. Once that limit is reached, you can keep buying at the Standard FDV ($250M, called the Standard Access Rate).
All Keyring ORBs have a minimum guaranteed allocation worth of $5000 USDC, i.e. you can buy $MULT at $100M FDV up to the $5000 USDC threshold even if your rewards are less than $5000 USDC.
If your rewards are higher than that, then that will be the threshold to avail $MULT at $100M FDV. Read this blog to know more about pricing.
Option 2: Vest your rewards into $MULT at no cost
Playing the long game? Vest your rewards and receive $MULT at no cost over a period of 4 years. Vesting means locking your rewards and unlocking $MULT over a set period of time at no cost:
A 1-year cliff. Your rewards stay locked and vesting begins to accrue.
A 3-year payout after that, where you receive $MULT every month at no extra cost, hands-off.
If you hold Keyring ORBs and tORBs
You get the same benefits as above.
3. Platform reward holders (ORBs, Crystals, etc)
ORBs, Crystals, and other rewards (except Keyring ORBs and tORBs) are considered as platform rewards.
Note that if you hold any of the above rewards alongside tORBs or Keyring ORBs, you are also considered a platform user, and hence you are also eligible for the following options.
Platform reward holders get the options to:
Option 1: Buy $MULT at the Ecosystem Preferred Rate
Use your rewards to buy $MULT at a community-exclusive $100M FDV, officially called the Ecosystem Preferred Rate, up to your maximum allocation. Once that limit is reached, you can keep buying at the Standard FDV ($250M, called the Standard Access Rate).
All reward holders have a minimum guaranteed allocation worth of $5000 USDC, i.e. you can buy $MULT at $100M FDV up to the $5000 USDC threshold even if your rewards are less than $5000 USDC.
If your rewards are higher than that, then that will be the threshold to avail $MULT at $100M FDV. Read this blog to know more about pricing.
Option 2: Vest your rewards into $MULT at no cost
Playing the long game? Vest your rewards and receive $MULT at no cost over a period of 4 years. Vesting means locking your rewards and unlocking $MULT over a set period of time at no cost:
A 1-year cliff. Your rewards stay locked and vesting begins to accrue.
A 3-year payout after that, where you receive $MULT every month at no extra cost, hands-off.
A Day-1 airdrop on top of that: you also get a separate airdrop the moment $MULT goes live. More on that soon.
Now that you have understood all about your rewards, let’s look into how to commit for $MULT or vest your rewards.
If you choose to buy $MULT
In the Commitment Phase (17th August 2026, 1:00 PM UTC → 24th August 2026, 1:00 PM UTC)
You can head over to https://claim.multipli.fi/.
Log in and verify your wallet.
Create a commitment (bid) based on how much $MULT you want to buy. If it falls within your maximum allocation, it gets considered under $100M FDV, if it crosses that threshold, the remaining amount gets considered under $250M FDV.
Once the commitment is confirmed by you, you cannot withdraw it or choose the vesting option. You can, however, increase the commitment.
In the Settlement Phase & Completion Phase (24th August 2026, 1:00 PM UTC → 27th August 2026, 1:00 PM UTC)
In the Settlement Phase, your commitments are finalized and recorded on-chain. Your commitments will either be classified into ‘Acceptance’ or ‘Unallocated’
Acceptance: The Acceptance section reflects how much of the committed amount had been finalized for settlement.
Unallocated: The Unallocated section reflects how much of the committed amount remains unallocated. It will be refunded to your wallet.
In the Completion Phase, your commitments will be reflected in your account. Your commitments will either be classified into ‘Acceptance’ or ‘Unallocated’
Refund Available: This reflects the amount under the Unallocated category. You can now withdraw it.
Your $MULT tokens will be distributed to you on day 1 of TGE.
If you choose to vest your rewards
Vesting turns your rewards into $MULT at zero cost, automatically, over four years. Set it once, and let it run:
Day-1 TGE: You receive an airdrop if you’re eligible.
Year 1 (the cliff): Your rewards lock in and vesting starts accruing.
Years 2 to 4: You receive $MULT every month at no cost, on the same schedule as Multipli’s long-term stakeholders and investors.
Once you vest, your rewards move out of the Commitment Phase, so you won’t be buying $MULT on SONAR after that. In exchange, $MULT lands in your wallet automatically for four years straight, no market timing, no second-guessing, no separate purchase.
Conclusion
The Commitment Phase is where all of that reward-holding finally pays off. Every ORB, Crystal, tORB, Tonso reward or Keyring ORB you’ve held onto now converts into a real choice: buy $MULT at the Ecosystem Preferred Rate, or vest it and take the no-cost path over four years.
Seven days isn’t long for a decision like this. Whichever way you go, the outcome is the same one this whole sale was built around: $MULT lands in the hands of the people who got Multipli here.
The smart gateway to institutional-grade yield on-chain.
If you have any queries, reach out to our Discord server or mail us at support@multipli.fi
