Participation Rate

The Participation Rate is calculated based on the ratio of the 'reference price of NFTs added by a user' to the 'total representation of the basket calculated by reference prices.' The reference price represents the estimated market value of a specific item type, systematically derived from marketplace data. It employs a proprietary valuation model designed to reflect prevailing market conditions while filtering out statistical anomalies and mitigating short-term volatility.

When a basket is completed, the Participation Rate determines each participant's portion of the Total Exchangeable NXPCₜ. This calculation can be demonstrated through an example with Alice.

Participate Rate (Alice’s Example)

$$\frac{\sum Reference\ Price\ of\ NFTs\ in\ the\ basket_{Alice} * Number\ of\ NFTs\ in\ the\ basket_{Alice}}{total\ value\ of\ the\ basket\ calculated\ by\ reference\ prices}$$

For example, if Alice has added two of Item A into the basket with a reference price of 50 per item, and the total basket representation of the basket calculated by reference price is 1,000, her Participation Rate would be 10% (50 × 2 ÷ 1,000).

NXPC Exchangeable (Alice’s Example)

$$NXPC\ Exchanged_{Alice} = Participation\ Rate_{Alice} * Total\ Exchangeable\ NXPC_t$$

The amount of NXPC Exchangeable for Alice is determined by multiplying her Participation Rate by the Total Exchangeable NXPC_t. For instance, if the Total Exchangeable NXPC_t is 500 and Alice's Participation Rate is 10%, 50 NXPC (10% x 500) would be provided to Alice for participating in Item Fusion.

The protocol truncates the NFT/NXPC Exchange Rateₜ calculation to 18 decimal places. Due to this truncation, the actual NFT/NXPC Exchange Rateₜ and Total Exchangeable NXPC_t applied by the protocol might differ slightly from the theoretical rate calculated by the formula.

ANY MARKET VALUE DETERMINATION IS NOT GUARANTEED BY MAPELSTORY UNIVERSE. PLEASE REVIEW PARTICIPATION CRITERIA CLOSELY AND ANY CORRESPONDING TERMS AND CONDITIONS CLOSELY PRIOR TO PARTICIPATING IN THE NXPC FISSION OR ITEM FUSION.