cMATRA Token Merger

Seven legacy Cardano assets are consolidating into cMATRA — the Cardano-side capital token for Materios. This page covers the eligibility rules and redemption model.

Seven legacy Cardano assets are being consolidated into cMATRA, the Cardano-side transitional token for Materios. cMATRA is intended to converge into MATRA as the native capital token of the Materios network.

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Quick Facts

Item	Value
Output token	cMATRA / MATRA
Max supply	1,000,000,000
Decimals	6
Validator reserve	150,000,000 (15%)
Public redemption pool	850,000,000 (85%)
Public window	6 months from launch
Public model	Surrender legacy assets, receive cMATRA
Snapshot role	Audit baseline, not normal fungible entitlement

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Included Assets

Fungible Tokens

Token	Policy ID	Decimals
AGENT	97bbb7db0baef89caefce61b8107ac74c7a7340166b39d906f174bec	0
SHARDS	ea153b5d4864af15a1079a94a0e2486d6376fa28aafad272d15b243a	6

NFT Collections

Collection	Policy ID	Redeemable Count
Flux Point Team Pass	0889a2d542897f0c7eefed47d2d809bd8d8ec78881bd4ff9464f683a	401
SE Brawlers	25c75bbf105310685d51cd3adbdd50b72fdbd99be2cc3757dde7eafc	242
Brawl Pass: Enter the Dragon	d3a197c4814054623432c882c60e6a81e8f3b94158033432529a02d2	44
T1 ADAM Launch Pass	b46891456b77dbc77c16090fd92a37f087f9a68e953c56b00a20332f	43
T2 ADAM Launch Pass	06a64965c0ac1144a72a6ddfcb23aa9d4d7742a5b20ddd5cfb1164b9	95

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Supply Model

The merger uses a fixed supply model with a validator reserve carved out at genesis.

• The 15% validator reserve is non-circulating at launch and exists to fund Materios validators over time.

• The 85% public redemption pool is the only pool used for ordinary public redemptions.

• Team treasury softening is handled through explicit waiver and disclosure, not by pretending the reserve does not exist.

• Team carve-out: Team treasury balances locked in on-chain DAOs are waived from the public rate denominator and receive cMATRA directly at mint time at the same published rate. This reduces the surrender pool by the carve amount (~31.3M cMATRA) but does not change public rates. See FAQ for details.

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Public Redemption Model

The merger uses a surrender-and-redeem model for normal public holders.

Core rule

A public holder redeems by actually controlling and surrendering an eligible legacy asset during the redemption window.

• Redemption follows present control plus surrender, not snapshot ownership alone.

• A holder who acquires an eligible legacy asset before the deadline may redeem it.

• A holder who sells an eligible legacy asset before redeeming no longer controls the redeemable unit.

• The public process is intended to feel like a real trade-in, not a snapshot-only entitlement airdrop.

Window mechanics

• The standard public window is 6 months from the published launch date.

• A fixed rate table is published before the window opens.

• The rate table remains fixed for the full window unless a documented governance-approved correction is required for a launch bug or reconciliation error.

• Holders can redeem in multiple transactions during the window.

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What the Reference Snapshot Still Does

A published reference snapshot still exists, but its role has changed.

The snapshot is used for:

• Auditability and public reconciliation

• Publication of Team treasury waivers and other disclosed non-public balances

• Legacy reward reconciliation before launch

• NFT collection inventory review and CIP-68 filtering

• Sanity checks for the final launch package

The snapshot is NOT the normal fungible entitlement rule. For AGENT and SHARDS, the snapshot does not give ordinary public holders their redemption right by itself.

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Fungible Asset Rules

Redeemable units

The redeemable fungible assets are AGENT, SHARDS, and any valid legacy rewards that Materios explicitly honors and materializes into actual redeemable units before launch.

Current control matters

For ordinary public redemption, redeemability follows current control of the fungible unit at redemption time. Materios is not relying on provenance tracking of ordinary fungible units once they are circulating.

Explicit exclusions

The following categories do not compete with the public redemption pool:

1. Disclosed Team treasury balances that are explicitly waived from public redemption.

2. Balances already burned, quarantined, or permanently immobilized under the published launch controls.

3. Any other specifically disclosed non-public balances that the final launch package excludes by explicit publication.

Disclosed Team treasury addresses

Address	Label	AGENT Waived	SHARDS Waived
addr1w9u9mw864yszpqk7374wtwtwludpa0rc9dmante78c7c9sqqdlyy9	$SHARDS DAO Treasury	9,902	446,969.70
addr1wx84ytuumke8gxex0l8par4852ey7l4eq6h325rnez0yluc56x0dj	$AGENT DAO Treasury	29,634,754	0
Total waived		29,644,656	446,969.70

Why treasury balances are waived

Since the creation of both on-chain treasuries, there has been a complete lack of independent DAO proposals — the only proposals submitted were those proposed by the FPS Team itself. Given this, it makes the most sense for these funds to be returned to the team where they can be put to better use with more flexibility, rather than sitting idle in governance structures that have seen no community participation. The same rationale applies to the $AGENT DAO treasury.

All waived balances are published transparently so any holder can verify them on-chain.

LP farms, DEX positions, and DeFi custody

If AGENT or SHARDS are in a Minswap or WingRiders liquidity pool, a farm, a lending protocol, or another script-controlled DeFi position, the holder must first unfarm / withdraw / remove liquidity so the underlying tokens return to a wallet they control.

• LP tokens do not redeem. They are receipts for positions, not merger assets.

• You redeem the underlying AGENT and/or SHARDS once they are back in your wallet.

• If impermanent loss or trading activity changed the amount, you redeem what you actually withdraw and control.

Custodial and exchange balances

Assets held on a centralized exchange or by another custodian are not directly redeemable unless the holder can move them into self-custody during the window.

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NFT Rules

Eligible NFTs redeem on an asset-by-asset basis.

• Only assets with on-chain quantity exactly 1 count as NFTs for merger eligibility.

• For CIP-68 collections, only the user token counts. The reference token does not redeem.

• The redeeming holder must control the exact NFT asset during the redemption window.

• If an NFT is listed on a marketplace or held by a script, it must first be withdrawn back to a wallet the holder controls.

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Legacy Reward Materialization

If a user has valid legacy staking rewards or dashboard-tracked rewards that Materios commits to honor, those rewards are intended to be:

1. Reconciled before launch.

2. Credited or minted into actual redeemable AGENT or SHARDS units before the window opens.

3. Redeemed through the same public surrender path as any other eligible unit.

No separate manual side-claim should be necessary for ordinary honored legacy rewards.

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Rate Methodology

Asset weighting

Each asset receives a weighted share of the 850,000,000 public redemption pool using the published valuation methodology:

• Fungible tokens: 7-day TWAP from top-pool market data

• NFT collections: 7-day TWAP of collection floor prices

• Final allocation: Deterministic weighted split of the public redemption pool

Rate formulas

For fungible assets:

asset_bucket = asset_weight × 850,000,000
redemption_rate = asset_bucket / final_redeemable_supply

For NFTs:

asset_bucket = asset_weight × 850,000,000
per_nft_redemption = asset_bucket / final_redeemable_nft_count

What you get (reference rates — March 12, 2026)

The following table shows how much cMATRA you receive for each legacy asset you surrender. These are reference rates, not final. The TWAP-derived weights (how the pool is split between assets) are locked. Rates may shift slightly before final publication only if legacy reward materialization changes an asset's redeemable supply count.

You surrender	You receive (cMATRA)
1 AGENT	~0.5446
1 SHARDS	~34.2
1 Flux Point Team Pass	~81,495
1 SE Brawler	~41,523
1 Brawl Pass: Enter the Dragon	~132,117
1 T1 ADAM Launch Pass	~3,755,146
1 T2 ADAM Launch Pass	~221,576

Rates are fixed for the full 6-month redemption window once published. You can redeem in multiple transactions.

Detailed rate breakdown

The rates above are derived from a 7-day TWAP valuation of each asset's market price, weighted against the 850,000,000 cMATRA public redemption pool.

Asset	Bucket (cMATRA)	Redeemable Supply	Rate per Base Unit	Rate per Display Unit
AGENT	528,433,002	970,355,344	~0.5446	~0.5446 per AGENT
SHARDS	90,504,944	2,641,564.75	~0.0000342	~34.2 per SHARDS
Flux Point Team Pass	32,679,426	401 NFTs	—	~81,495 per NFT
SE Brawlers	10,048,467	242 NFTs	—	~41,523 per NFT
Brawl Pass: Enter the Dragon	5,813,163	44 NFTs	—	~132,117 per NFT
T1 ADAM Launch Pass	161,471,298	43 NFTs	—	~3,755,146 per NFT
T2 ADAM Launch Pass	21,049,701	95 NFTs	—	~221,576 per NFT

All values in display units (6 decimal places). AGENT has 0 decimals so base = display. SHARDS has 6 decimals (1 SHARDS = 1,000,000 base units). Buckets sum to exactly 850,000,000 cMATRA.

Team carve-out (from public pool)

The following amounts are minted directly to the team at the same published rates. The surrender pool is funded with the remainder.

Treasury	Asset	Waived Balance	Rate per Display Unit	cMATRA Received
FPS DAO	AGENT	29,644,656	~0.5446 per AGENT	~16,143,768
FPS DAO	SHARDS	446,969.70	~34.2 per SHARDS	~15,196,970
Total				~31,340,738 cMATRA

Surrender pool after carve: ~818,659,262 cMATRA (96.3% of public pool).

Rate publication conditions

Final fixed redemption rates are published only after:

• Legacy reward materialization is complete

• Final Team treasury waivers are published

• The launch reconciliation package is signed off

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Post-Surrender Treatment

Surrendered legacy assets are not intended to remain in free circulation. Where possible they are burned, permanently locked, quarantined, or otherwise removed from circulation under the published merger controls.

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Deadline and After-Window Handling

• The ordinary public window closes 6 months after launch.

• After the deadline, the normal public surrender path is closed unless an explicit extension or exceptional remedy is formally announced.

• Any unreleased portion of the public pool follows the published post-deadline policy in the final launch package.

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Authoritative Launch Materials

If earlier reports, Discord posts, or snapshot-era drafts conflict with this document, the authoritative launch package is:

1. The final litepaper

2. The final eligibility rules

3. The final FAQ

4. The final fixed rate table

5. The legacy reward reconciliation / materialization package

6. The final Team waiver publication

7. The final redemption instructions

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Version: 3.2 | Date: March 12, 2026 | Status: Public / governance draft