Gamified Locking

$BDXN tokens may be locked by users at any time, making them illiquid and qualifying the locker for assorted benefits. If users wish to make tokens liquid, they must undergo a four week ‘unlocking period’, which begins at the moment of unlocking initiation.

During the four week unlocking period, tokens are claimable at any time. However, depending on when the tokens are claimed, not all may be available to the user. For example, if a user does not wish to wait four weeks to receive their tokens, they can claim them sooner but will receive a reduced amount. The unrealised portion will be reclaimed by the rewards pool and be redistributed to the remaining lockers in the next Airdrop Season.

The percentage of tokens that are unrealised is variable, and adjusts according to how much time is remaining in the unlocking period. This fee is determined according to the following bonding curve:

Unlocking Fees

If tokens are claimed on the first day of the unlocking period, 50% of the originally locked tokens are taken as the early unlocking fee. If tokens are claimed on day 9 of the unlocking period, 35% of the originally locked tokens are taken as the early unlocking fee. Here are the values shown in table format.

Day	discount
1	50%
2	48%
3	46%
4	44%
5	43%
6	41%
7	39%
8	37%
9	35%
10	33%
11	31%
12	30%
13	28%
14	26%
15	24%
16	22%
17	20%
18	19%
19	17%
20	15%
21	13%
22	11%
23	9%
24	7%
25	6%
26	4%
27	2%
28	0%

The benefits of implementing these early unlocking fees include:

• Aligning incentives between long-term stakeholders in the network

• Encouraging long-term token locking while reducing risk by increasing fees for early unlockers

• Strengthening governance by ensuring that those most committed to the protocol’s success hold the most influence

This system has a powerful impact. It rewards aligned stakeholders with greater value and influence, creating a positive effect across the entire ecosystem.