# Managing Licenses

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.