If you're buying $MULT with your rewards, this is where the numbers actually come from.
Reward holders can buy $MULT at a $100M FDV, called the Ecosystem Preferred Rate, up to their maximum allocation. Everyone else buys at a $250M FDV, the Standard Allocation Rate. Here's how that works, in plain terms.
Three terms to know first
Ecosystem Preferred Rate. The $100M FDV that some Multipli reward holders get to buy $MULT at. It sits below the standard rate everyone else sees.
Standard Allocation Rate. The $250M FDV that any community member can buy $MULT at. Hold rewards, and you unlock the Ecosystem Preferred Rate instead, up to your allocation.
Maximum allocation. How much $MULT you can buy at the Ecosystem Preferred Rate. It's calculated from the rewards you hold. Everything up to that ceiling gets the better rate.
To understand this opportunity, start with how that allocation is calculated.
How your allocation is calculated
Your maximum allocation sets how much $MULT you can buy at the Ecosystem Preferred Rate ($100M FDV). Past that ceiling, you can still buy as much $MULT as you want at the Standard Allocation Rate of $250M FDV (subject to overall raise limits). Your allocation is measured in USDC, and you can pay with either USDC or USDT.
Your USDC allocation = (ORBs held × value per ORB) + (Crystals held × value per Crystal) + (Keyring ORBs held × value per Keyring ORB) + (Tonso Rewards held × value per Tonso reward)
Value per element = element's reward pool ÷ total elements distributed
(element = ORBs, Crystals, other rewards)
For example: value per Crystal = Crystals reward pool ÷ total Crystals distributed
The reward pool for ORBs, Crystals, and the rest is set by the share of $MULT's FDV put aside for them.
So that's your ceiling. Your rewards decide how much USDC allocation you get. Now for the pricing. How much $MULT you actually walk away with comes down to two things: your allocation and how much you commit. Let’s see how the second one works.
Note that all reward holders have a minimum allocation of $5000 USDC. If your allocation is higher than $5000 USDC, that is considered.
How your commitment sets your price
Three things can happen:
You commit less than your USDC allocation.
You commit exactly your USDC allocation.
You commit more than your USDC allocation.
Let's walk through all three with one person, A.
A holds 500 ORBs and 500 Crystals.
Value per ORB = 1 USDC. Value per Crystal = 1 USDC.
Total $MULT supply = 100M.
(These are simplified numbers used to show the mechanics. They don't reflect the real value of any reward.)
A's USDC allocation = (500 × 1) + (500 × 1) + 0 = 1000 USDC.
Now A weighs three commitment sizes: 500 USDC (under allocation), 1000 USDC (equal to it), and 1500 USDC (over it).
Assume value per $MULT at the $100M valuation = $1.00
Assume value per $MULT at the $250M valuation = $2.50
Case 1: A commits 500 USDC (under allocation)
500 USDC sits inside A's 1000 USDC allocation, so the whole amount is priced at the $100M valuation.
$MULT bought = 500 USDC ÷ $1.00 = 500 $MULT
Case 2: A commits 1000 USDC (equal to allocation)
The commitment matches the allocation exactly, so all of it still gets the $100M valuation.
$MULT bought = 1000 USDC ÷ $1.00 = 1000 $MULT
Case 3: A commits 1500 USDC (over allocation)
This is where the cap kicks in. The first 1000 USDC (A's allocation) is priced at $100M. The remaining 500 USDC, the part above the cap, is priced at $250M.
$MULT from allocation = 1000 USDC ÷ $1.00 = 1000 $MULT
$MULT from overflow = 500 USDC ÷ $2.50 = 200 $MULT
Total $MULT bought = 1000 + 200 = 1200 $MULT
What the rewards are actually worth
Now put A next to someone who held nothing. Person B has no ORBs or Crystals, and commits the same 1500 USDC.
B commits 1500 USDC (no rewards)
With no allocation, all 1500 USDC is priced at the $250M valuation. None of it qualifies for the discount.
$MULT bought = 1500 USDC ÷ $2.50 = 600 $MULT
Same commitment. A walks away with 1200 $MULT, B with 600. Exactly double, purely because A held ORBs and Crystals.
The takeaway
That's the whole math. Your rewards set your ceiling. Your commitment sets your price. Everything inside your allocation gets the Ecosystem Preferred Rate, and everything past it gets the Standard rate. Hold rewards, and the same money buys you more $MULT.
Want the bigger picture on the sale itself? {Here's the Community Sale blog}.
