Mechanism

Surfboards are unlimited in quantity and serve as in-app items that allow users to earn BAY based on ownership. Users can hold up to 15 Surfboards and purchase them using SURF Points. If a user lacks enough SURF Points, they can buy SURF from others via DEX or OTC trading, transfer it to the app, or purchase it through in-app payments. After purchasing a Surfboard, users must click the Claim button daily within the Marina Protocol application to collect BAY. Failure to claim will result in lost BAY rewards, and unclaimed BAY will not be compensated by the foundation. For users unable to claim daily, a subscription-based auto-claim feature is available.

Users are assigned specific tiers based on the number of Surfboards they own:

TierSurfboard Quantityn% of the daily BAY release

Platinum

15

50%

Gold

11-14

30%

Silver

6-10

15%

Bronze

1-5

5%

Platinum tier users are allocated 50% of the daily BAY release, distributed proportionally based on their stake among all Platinum users. Similarly, Gold users receive 30%, Silver users receive 15%, and Bronze users receive 5% of the daily BAY release.

While the total number of minted Surfboards remains below 5 million, only 50% of the daily BAY release will be distributed, with the remaining 50% allocated to reserves. Once more than 5 million Surfboards are minted, 100% of the daily BAY release will be distributed.

※ The reward structure is designed to incentivize growth: 50% of rewards are unlocked up to 5 million Surfboards, and 100% are unlocked beyond 5 million Surfboards. This mechanism ensures that as more Surfboards are minted, the potential for individual rewards increases, creating a positive network effect.

When claiming BAY, 10% of the claimed amount is allocated to the Marina Protocol reserve to support a sustainable ecosystem.

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