> For the complete documentation index, see [llms.txt](https://docs.fluxpointstudios.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.fluxpointstudios.com/materios-partner-chain/cmatra-token-merger.md). # cMATRA Token Merger Seven legacy Cardano assets are consolidating into cMATRA — the Cardano-side form of MATRA, the native network token of the Materios blockchain. This page covers the eligibility rules and redemption m Seven legacy Cardano assets are being consolidated into **cMATRA**, the Cardano-side transitional token for [Materios](https://materios.fluxpointstudios.com). cMATRA is intended to converge into **MATRA**, the native network token of the Materios blockchain. > **Before you redeem:** read the [Legal & Disclaimers](/materios-partner-chain/legal-and-disclaimers.md) and check the [Launch Readiness](/materios-partner-chain/launch-readiness.md) status board for the live launch date, audit posture, and support channel. *** ## What You Are Redeeming For When you surrender a legacy asset, you are trading it in for one thing: **the network token of the Materios blockchain**. MATRA is to Materios what ADA is to Cardano — the asset that secures the chain, meters its capacity, and carries its governance. * **Staking and delegation.** Holders can earn additional MATRA by delegating — to Cardano SPOs that participate in Materios cross-validation (Minotaur), and to Materios validators as mainnet staking rolls out — the same way ADA holders delegate to stake pools and earn block rewards. These rewards are **protocol block rewards paid by the network for securing it**, funded by the published Validator and Attestor Emissions schedules. They are not payments from Flux Point Studios and not a share of any company's revenue. * **Network capacity.** Holding MATRA generates [MOTRA](/materios-partner-chain/faq.md#6-what-is-motra), the non-transferable capacity token that pays transaction fees — so using the network never requires spending the network token itself. * **Governance.** MATRA is the transferable, stakeable governance asset of the Materios chain as its governance decentralizes. ### Why one network token Flux Point's early ecosystem spread utility across seven separate assets — two fungible tokens and five NFT collections, each with its own bolted-on perks. That chapter is closed. The merger consolidates everything into a single asset with a single job: **MATRA is the utility token of the Materios blockchain, and its utility is the network itself.** There are no revenue-sharing programs, no app-by-app reward schemes, and no Cardano-side staking program for cMATRA. Hold it to use the chain, delegate it to help secure the chain and earn block rewards, and vote with it as governance opens up. *** ## Quick Facts | Item | Value | | -------------------------- | ----------------------------------------------- | | Output token | cMATRA / MATRA | | Max supply | 1,000,000,000 | | Decimals | 6 | | Network Incentives Reserve | 277,500,000 (27.75%) | | Public Redemption Pool | 722,500,000 (72.25%) | | Public window | 6 months from launch | | Public model | Surrender legacy assets, receive cMATRA | | Snapshot role | Audit baseline, not normal fungible entitlement | *** ## 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 | *** ## Supply Model The merger uses a fixed supply model with a **Network Incentives Reserve** carved out at genesis, split into five purpose-built sub-buckets. * The **27.75% Network Incentives Reserve (277.5M cMATRA)** is non-circulating at launch and funds long-term network security, ecosystem growth, strategic partnerships, and launch liquidity. It is not a later inflation switch — it is part of the genesis supply plan. * The **72.25% Public Redemption Pool (722.5M cMATRA)** is the only pool used for ordinary public redemptions. Network Incentives sub-bucket distributions do not draw from this pool. * **Fee model — no MATRA burn.** Transaction fees are paid in **MOTRA**, the non-transferable capacity token generated from MATRA holdings (it decays if unused and is consumed when spent). Fee flow therefore never burns, mints, or dilutes MATRA. Validator and attestor incentives draw on the genesis reserve emission schedules; the attestor pot (`mat/attr`) is the designated accrual account for attestor-side economics, visible live on the [Materios explorer](https://fluxpointstudios.com/materios/explorer#overview). * **Team treasury softening** is handled through explicit waiver and disclosure. 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 (\~26.7M cMATRA at v5.1 rates) but does not change public rates. See [FAQ](/materios-partner-chain/faq.md) for details. ### Network Incentives Reserve sub-buckets | Sub-bucket | MATRA | % of 1B | Purpose | | -------------------- | --------------: | ---------: | --------------------------------------------------------------- | | Validator Emissions | 115,000,000 | 11.5% | Block-production rewards schedule; Cardano SPO cross-validation | | Attestor Emissions | 65,000,000 | 6.5% | Threshold-attestation rewards + bond/slash economics | | Ecosystem Treasury | 40,000,000 | 4.0% | Grants, dev funding, governance-directed programs | | Strategic Allocation | 30,000,000 | 3.0% | Strategic/institutional partners (long-term on-chain vesting) | | Liquidity (total) | 27,500,000 | 2.75% | Bridge peg reserve, Protocol-Owned Liquidity, maker rebates | | **Total reserve** | **277,500,000** | **27.75%** | | The Liquidity bucket breaks down as 5M for bridge peg reserve, 17.5M for Protocol-Owned DEX Liquidity (POL), and 5M for maker rebates on the CLOB launch venue. *** ## Launch Venue Materios is launching cMATRA on [**SaturnSwap**](https://saturnswap.io), a Central Limit Order Book (CLOB) DEX on Cardano, as the primary venue. * **Primary venue — SaturnSwap CLOB:** cMATRA/ADA and cMATRA/USDM pairs, seeded with resting orders at 25/50/100/200/400 bps from mid. Target book depth: $250K within 2% of mid at launch. CLOB gives better capital efficiency and price discovery than AMMs for a launch of this size; native maker-rebate economics are also a better fit than fixed-schedule LP mining. * **Secondary venues — AMMs:** [Minswap](https://minswap.org) ($75–100K depth) and [WingRiders](https://www.wingriders.com) ($25–50K depth) for users and routers that only interact with AMMs. These act as arbitrage targets against the CLOB. A CLOB-primary launch is enabled by SaturnSwap's CIP-68 Liftoff integration, which lets new tokens list with full order-book functionality on day one rather than waiting for AMM liquidity to deepen. The maker-rebate program funded by the Liquidity sub-bucket (5M MATRA over 24 months, 50% annual decay, paid in MATRA at \~15 bps of a 30 bps maker fee, 20% cap per market-maker address with two-sided-quote requirements) keeps spread tight from the first block. *** ## Strategic Allocation The 30M MATRA Strategic Allocation sub-bucket (3% of supply) is reserved for institutional partners who commit capital to the network ahead of the public launch. * **Vesting:** All strategic allocations are subject to long-term on-chain vesting, with no liquidity ahead of schedule. * **Purpose:** The strategic round is expected to fund Protocol-Owned Liquidity seeding, security audits, and runway for team expansion beyond the redemption window. * **Transparency:** All strategic allocations will be disclosed on-chain at mint time and the vesting contracts will be independently verifiable via the Materios explorer. This bucket is held by Materios until strategic partners are confirmed. None of these tokens enter circulation ahead of their vesting schedule regardless of partner timing. *** ## Post-Reconciliation Dilution Rationale The v5.1 allocation represents a **15% downward adjustment** from the v3.3 (March 2026) reference rates: public holders now receive approximately 85% of what the previous rate table published, and the Team carve-out takes exactly the same 15% haircut. This falls squarely within the governance-approved correction clause stated in the "Window mechanics" section above: > *"The rate table remains fixed for the full window unless a documented governance-approved correction is required for a launch bug or reconciliation error."* The v3.3 rates assumed a pure 85% public / 15% reserve split that did not account for attestor emissions (already committed in the runtime code as a separate 50M reserve), left no room for ecosystem treasury or strategic partners, and produced rate-table totals that were mathematically inconsistent with the committed reserve architecture. The v5.1 rebalance reconciles published rates with the runtime's actual reserve structure, builds in strategic and liquidity sub-buckets that enable a real launch, and applies the haircut evenly — including to the Team carve (31.3M → 26.7M cMATRA) — so no holder class is disadvantaged relative to any other. Final fixed rates are republished below as of the v5.1 publication date. *** ## 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. *** ## 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. *** ## 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. *** ## 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. *** ## 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. *** ## Rate Methodology ### Asset weighting Each asset receives a weighted share of the **722,500,000 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 × 722,500,000 redemption_rate = asset_bucket / final_redeemable_supply ``` For NFTs: ``` asset_bucket = asset_weight × 722,500,000 per_nft_redemption = asset_bucket / final_redeemable_nft_count ``` ### What you get (reference rates — April 19, 2026) The following table shows how much cMATRA you receive for each legacy asset you surrender at the v5.1 rate table. These rates are derived by applying the post-reconciliation 0.85 multiplier to the locked TWAP weights, so the ordering and relative value between assets is unchanged — only the absolute cMATRA output is reduced. Final fixed rates are published after legacy reward materialization is reconciled. | You surrender | You receive (cMATRA) | | ------------------------------ | -------------------: | | 1 AGENT | \~0.4629 | | 1 SHARDS | \~29.12 | | 1 Flux Point Team Pass | \~69,271 | | 1 SE Brawler | \~35,294 | | 1 Brawl Pass: Enter the Dragon | \~112,300 | | 1 T1 ADAM Launch Pass | \~3,191,874 | | 1 T2 ADAM Launch Pass | \~188,339 | The SHARDS rate is computed from an exact rational ratio (`76,929,202,239,379 / 2,641,564,750,001` in base units) and rendered here to four significant figures. The on-chain mint uses the exact rational to guarantee the bucket sum is 722.5M to the base unit. All rates are fixed for the full 6-month redemption window once published and 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 722,500,000 cMATRA public redemption pool. | Asset | Bucket (cMATRA) | Redeemable Supply | Rate per Base Unit | Rate per Display Unit | | ---------------------------- | --------------: | ----------------: | -----------------: | --------------------: | | AGENT | 449,168,051.406 | 970,355,344 | 462,890 | \~0.4629 per AGENT | | SHARDS | 76,929,202.239 | 2,641,564.750001 | 29 | \~29.12 per SHARDS | | Flux Point Team Pass | 27,777,511.969 | 401 NFTs | — | \~69,271 per NFT | | SE Brawlers | 8,541,197.187 | 242 NFTs | — | \~35,294 per NFT | | Brawl Pass: Enter the Dragon | 4,941,188.455 | 44 NFTs | — | \~112,300 per NFT | | T1 ADAM Launch Pass | 137,250,603.008 | 43 NFTs | — | \~3,191,874 per NFT | | T2 ADAM Launch Pass | 17,892,245.735 | 95 NFTs | — | \~188,339 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 722,500,000 cMATRA (verified against the canonical `rate_table_cmatra.json` in flux-merger `audit_pack/2026-04-19/`).* ### 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. The Team takes exactly the same 15% haircut as public holders — the carve recomputes automatically at the new rates. | Treasury | Asset | Waived Balance | Rate per Display Unit | cMATRA Received | | --------- | ------ | -------------: | --------------------: | ----------------------: | | FPS DAO | AGENT | 29,644,656 | \~0.4629 per AGENT | \~13,722,223 | | FPS DAO | SHARDS | 446,969.70 | \~29.12 per SHARDS | \~13,016,914 | | **Total** | | | | **\~26,739,137 cMATRA** | **Surrender pool after carve: \~695,760,863 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 *** ## 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. *** ## Deadline and After-Window Handling * The ordinary public window closes **6 months** after launch. * After the deadline, the normal public surrender path is permanently closed. The on-chain validator enforces this — the `ProcessSurrender` spending path is disabled after the deadline. * Any unreleased cMATRA remaining in the pool is withdrawn by the administrator and returned to the project treasury for future allocation decisions (validator incentives, ecosystem development, or other uses to be determined by governance). * No extension or exceptional late-surrender mechanism is planned. Holders are encouraged to redeem well before the deadline. *** ## Legal and Disclosures The cMATRA Merger Portal is operated by **Flux Point Studios, Inc.**, a Delaware corporation ("FPS"). Use of the Portal is governed by the FPS [Terms of Service](https://fluxpointstudios.com/tos) and the FPS [Privacy Policy](https://fluxpointstudios.com/privacy-policy), each of which is incorporated by reference into the disclosures below. By connecting a wallet and submitting a surrender transaction, you acknowledge and agree to the following: 1. **Eligibility.** You are at least 18 years old (or 13 or older with verifiable parental or legal-guardian consent, where permitted), have full legal capacity to enter into a binding agreement, and are not legally prohibited from using the Portal under the laws of the jurisdiction in which you access it. 2. **Restricted persons and jurisdictions.** The Portal is not offered to, and may not be used by, any person located in, organized under the laws of, or ordinarily resident in any jurisdiction subject to comprehensive U.S. OFAC sanctions (currently including Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk, and Luhansk regions of Ukraine), nor by any person identified on any U.S., U.K., E.U., or U.N. sanctions or denied-persons list. You are solely responsible for compliance with the laws, regulations, and tax rules of your jurisdiction. 3. **One-way migration; no refunds.** A successful surrender is final and irreversible. Legacy assets you submit are sent to a Plutus-locked quarantine address from which they cannot be reclaimed, and the corresponding cMATRA is released to your wallet by the on-chain validator. The Portal does not offer cancellations, reversals, or refunds, and FPS cannot recover surrendered assets on your behalf. 4. **Utility token; no investment, no security.** cMATRA is a utility token intended for use within the Materios ecosystem. Nothing in these materials is, or should be construed as, an offer or solicitation to buy or sell a security, an investment recommendation, financial advice, or a promise of profit. cMATRA does not represent equity, debt, dividend rights, revenue share, or any other claim on FPS or any affiliate. No future price, listing, liquidity, or utility is guaranteed. 5. **Smart-contract and technical risk.** The Portal interacts with open-source Plutus validators and off-chain services published at [Flux-Point-Studios/matra-token-merger](https://github.com/Flux-Point-Studios/matra-token-merger) for independent inspection. The code has not been subjected to a formal third-party security audit. The Portal is provided "AS IS" and "AS AVAILABLE" without warranties of any kind, express or implied, as set forth in the Terms of Service. You bear all risk of bugs, exploits, network outages, wallet errors, or loss of access to your wallet keys. 6. **Tax responsibility.** A surrender transaction may be a taxable event under the laws of your jurisdiction. FPS does not provide tax advice. You are solely responsible for determining and discharging any tax obligations arising from your use of the Portal; consult a qualified tax professional. 7. **Blockchain transparency.** All surrender transactions are recorded permanently on the Cardano mainnet. Your wallet address, the assets you surrender, the amount of cMATRA you receive, and the time of the transaction are publicly visible on chain. The Portal does not control third-party indexers, explorers, or analytics tools that may surface this data. 8. **Network fees.** Cardano network (TX) fees required to settle a surrender are paid by you from your wallet at the time the transaction is signed. FPS does not set, control, or refund Cardano network fees. 9. **Disclaimers, liability, and dispute resolution.** The FPS [Terms of Service](https://fluxpointstudios.com/tos) govern (without limitation) warranty disclaimers, limitations of liability, indemnification, the controlling law of the State of Utah, binding individual arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules and Supplementary Procedures for Consumer Related Disputes, a class-action and jury-trial waiver, and a 30-day right to opt out of the arbitration and class-action waiver provisions. Those terms apply to your use of the Portal. Internal corporate-law matters relating to FPS are governed by Delaware law and the exclusive jurisdiction of the Delaware Court of Chancery as set forth in the FPS Certificate of Incorporation. Flux Point Studios, Inc. is a Delaware corporation. Registered office: 651 N Broad Street, Suite 201, Middletown, DE 19709 (c/o Legalinc Corporate Services, Inc.). Contact: . These disclosures are provided for informational purposes, are not legal, tax, or investment advice, and do not modify the Terms of Service or Privacy Policy; in the event of any conflict, the Terms of Service control. *** ## 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 *** **Version:** 4.1 | **Date:** July 31, 2026 | **Status:** Public — redemption window open (closes November 28, 2026)