📋Managing Licenses

CloudK licenses allow you to link Minting Utility Tokens and receive rewards in LYK-W and LYK-R.

This page explains how to view, manage, and perform actions on your licenses, including upgrading periods, linking Minting Utility Tokens, claiming rewards, and claiming Minting Utility Tokens.

Viewing Licenses

Access the View All Licenses page from the CloudK homepage to see a categorized list of your licenses:

• Active: Valid licenses with linked Minting Utility Tokens (>0).

• Inactive: Valid licenses with no linked Minting Utility Tokens.

• Expired: Licenses past their validity period.

License Details

Each license displays:

• Name, Type, and Image: Identifies the license.

• Status: Active, Inactive, or Expired.

• Minting Utility Tokens Details: Linked amount and maximum linking capacity.

• Rewards: Total LYK-W (60%) and LYK-R (40%), with claimable/claimed status.

• Linking Period: Current duration (12, 24, or Max) and upgrade options.

• License Validity: Start and expiry dates.

• NFT: Number of NFTs associated with the license.

• BLV (Base Lock Value): Weighted average price of linked Minting Utility Tokens.

• GLP (Growth Level Price): Daily calculated price for reward adjustments.

License Actions

Upgrading Linking Period

Extend your linking period to increase rewards (12M: 40%, 24M/Max: 100%).

• Eligibility: Active licenses with 12M or 24M periods.

• Options:

  • 12M licenses: Upgrade to 24M or Max.

  • 24M licenses: Upgrade to Max only.

• Process:

  1. Select an active license.

  2. Choose a new period (24M or Max).

  3. Confirm the upgrade; rewards adjust from the next day.

Linking Minting Utility Tokens

Link Minting Utility Tokens to licenses to expand rewards.

• Linking Cap: Up to 2x the license value.

• Process:

  1. Select a license and choose an amount up to available balance or capacity.

  2. Pick a linking period (12M, 24M, Max) or upgrade an existing period.

  3. Confirm to link Minting Utility Tokens; rewards start accruing.

• Make Sure To:

  • Check total Minting Utility Tokens against license capacity.

  • Confirm Minting Utility Token availability in user’s balance.

  • Restrict period downgrades for existing licenses.

Claiming Rewards

Claim LYK-W and LYK-R rewards when Auto Linking is OFF.

• Process:

  1. Navigate to the license’s reward section.

  2. Check claimable LYK-W and LYK-R amounts.

  3. Click Claim to transfer rewards to your wallet.

• Things to Know:

  • Confirm Auto Linking is OFF.

  • Ensure sufficient rewards and wallet configuration.

• Vesting Period Calculation:

  • Formula for calculating Price Multiple:

    • Price Multiple: PM / BLV

    • Based on Price Multiple the vesting days will be as per below table:

Price Multiplier (PM)	Vesting (D)
0-5	160.0
5-10	180.0
10-15	200.0
15-20	220.0
20-25	240.0
25-30	260.0
30-35	280.0
35-40	300.0
40-45	320.0
45-50	340.0
50-55	360.0
55-60	380.0
60-65	400.0
65-70	420.0
70-75	440.0
75-80	460.0
80-85	480.0
85-90	500.0
90-95	520.0
95- Above	540.0

Claiming Minting Utility Tokens

Claim linked Minting Utility Tokens after the linking period ends, with a vesting schedule.

• Process:

  1. For expired licenses, select Claim Minting Utility Tokens.

  2. View vesting period (160–540 days, based on Price Multiple: PM/BLV).

  3. Claim daily portions; unclaimed amounts roll over.

  4. UX prompt encourages relinking for more rewards.

• Vesting Calculation:

  • Price Multiple (PM): Current LYK price / BLV.

  • Vesting days based on PM (e.g., 0–5: 160 days, 95+: 540 days).

  • Daily claim: Total Minting Utility Tokens ÷ vesting days.

• Things to Know:

  • Verify linking period completion.

  • Ensure daily claim aligns with vesting formula.

  • Track unclaimed Minting Utility Tokens.