📋Managing Software Licenses

CloudK Software LiI'm reviewing and changingcenses allow you to link Utility Tokens and receive rewards in LYK-W and LYK-R.

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

Viewing Software Licenses

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

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

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

• Expired: Software Licenses past their validity period.

Software License Details

Each software license displays:

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

• Status: Active, Inactive, or Expired.

• 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.

• Software License Validity: Start and expiry dates.

• NFT: Number of NFTs associated with the software license.

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

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

Software License Actions

Upgrading Linking Period

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

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

• Options:

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

  • 24M software licenses: Upgrade to Max only.

• Process:

  1. Select an active software license.

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

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

Linking Utility Tokens

Link Utility Tokens to software licenses to expand rewards.

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

• Process:

  1. Select a software 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 Utility Tokens; rewards start accruing.

• Make Sure To:

  • Check total Utility Tokens against software license capacity.

  • Confirm Utility Token availability in user’s balance.

  • Restrict period downgrades for existing software licenses.

Claiming Rewards

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

• Process:

  1. Navigate to the software 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:

  • For Vesting Days: 500 days

Claiming Utility Tokens

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

• Process:

  1. For Software Licenses completed the linking period, select the Unlock option.

  2. View vesting period as 500 days.

  3. Claim daily portions; unclaimed amounts roll over.

  4. UX prompt encourages relinking for more rewards.

• Vesting Calculation:

  • Daily claim: Total Utility Tokens ÷ vesting days.

• Things to Know:

  • Verify linking period completion.

  • Ensure daily claim aligns with vesting formula.

  • Track unclaimed Utility Tokens.