Terms of Elastic Fund Matching 1.0.0
Last updated July 25th, 2025
Supplemental
These terms specify behaviors of a Funding Process, which is described in the General Crowdfunding Terms that you have agreed to by using The Services.
Streams
Streams advertise a specific Purpose of Funds in their description. This purpose is summarized in their name. The purpose of streams is to raise funds with a narrow focus. Streams may be composed, receiving funds from more general streams and directing them toward more specific streams.
Streams are comprised by Enrollments, a Funding Process, and a Decision Process. Enrollments are matched by the Funding Process into committed funds and then the disbursement of those funds is controlled by the Decision Process.
Currently, only Elastic Fund Matching exists as a Funding Process. The first stream is the Positron Self-Funding Stream. Its spending is controlled by Positron directly.
Enrollment Fragmentation
Your Enrollement will be decomposed into power-of-two components ("Fragments") for matching. For example, if your enrollment is $27, your Enrollment will match $16, $8, $2, and $1 fragments separately, one after the other. The binary representation of numbers exactly matches how we break down your enrollment into fragments.
Descending Fragments
Fragments are matched in order from largest to smallest.
Partial Fragment Matching
Fragments may match with other fragments that are larger or smaller if conditions do not allow matching at the exact size of the fragment. Each partial fragment will match as a power-of-two up to the exact fragment size. A fragment of 32 can match with 1, 2, 4, 8, 16, and finally 32. It will do so in order. Your Enrollment will then switch to matching the next fragment.
Levels
Fund Matching is performed by grouping Partial Fragments of the same amount from many Contributors. Each Level only matches Parital Fragments at one specific amount. For example, a Level with an amount of 16 can match Partial Fragments taken from Fragments of 32, 64, 128 or larger powers of two.
Thresholds
Each Level can accumulate matching Partial Fragments until the sum of already Committed ("Matched") and matching Partial Fragments exceeds a threshold. If this threshold is reached, the Level has "Triggered".
The initial Threshold for a level is twice its amount. A level of eight cannot first begin matching any funds until its Treshold is allowed to become sixteen, meaning two Partial Fragments of eight.
Triggering
When any level accumulates enough matching funds to reach its current threshold:
- all Levels simultaneously Commit all Matching Partial Fragments, converting them into Matched
- all Levels set their next threshold to double their post-trigger matched amount
Funds moved from matching to matched are Committed and will Disburse at the end of the Recurring Period.
Period & Procedure of Recurrence
This Funding Process is recurring and raise funds for one week at a time.
- Each enrollment can match up to its entire amount each week. A $1 enrollment is $1 every seven days. This is usually $52 per year or about $4 per month.
- The cycle recurs on the last moment of Sunday on Earth, which aligns with midnight UTC -12:00, (ie Baker Island, in the middle of the Pacific).
- At the end of each period, all of the Levels for a Stream are reset and Enrollments are matched according to the rules, which may trigger multiple times during the initial reset.
- Cancelled Enrollments will not renew. Any funds that were actively Matching will be returned to Available.
Relations Between Levels
Levels are only able to match funds within certain restrictions.
At Most Equal
A level can only trigger if it will have no more than the same total as the level below. A level matching twos can only match to a total of 32 (16 fragments) if the level of ones has at least 32 post-trigger.
Creation Requirements
A Level only begins to exist when the level below can allow it to match two fragments. Because the level below has half the amount, this means the sum of its matched and matching partial fragments must reach four fragments before it can support the creation of the level above.
Version
The version number in the title of this document (ie 1.0.0) indicates the version of intended behaviors. The software implementing the behaviors may change at any time without notice and without a change of versions. Changes to intended behaviors will update the version. Opting into these terms covers this version and all future versions.
The version number indicates the degree of similarity of behaviors. It is however not a semantic version and does not imply compatibility of any APIs. The leading digit indicates the broad data model. The middle digit is incremented to add or remove behaviors. The trailing digit is used to indicate refinement of existing behaviors.
Agreement to Terms
Elastic Fund Matching features are opt-in. If you do no longer agree to the terms, you must un-enroll immediately.
Period
This Agreement is effective upon the date you opt into Elastic Fund Matching (“Effective Date”) and continues until you or Positron terminates it (this period, the “Term”).
Updates and Continuing Agreement
We may update these Terms at any time. Changes take effect when posted. Changes in these terms may happen with or without updating the version.
Notification of Changes
By opting into the terms, you agree to be contacted regarding version updates. We will notify you when behaviors are added or removed, which is reflected in the middle value of the version.
Interpretation & Corrections
As stated in our General Terms, you agree that our interpretations and corrections to this Funding Process are correct and that if we make further corrections, even ones contradicting earlier changes, they are also correct. You agree that we are exclusively responsible for holding authority to interpret, execute, and remediate this Funding Process to the best of our ability to create value for all Users and uphold the value proposition of our services.
Contact
In order to ask questions about these terms you may contact us at contact@prizeforge.com