Terms of Elastic Fund Matching 1.0.0

Last updated August 10th, 2025.

Period & Procedure of Recurrence

This Funding Process is recurring and raises 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, (i.e. 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.
• Canceled Enrollments will not renew, but funds that were already participating in matching will locked up until the outcome of the current cycle is known. Any unmatched funds will be returned to available and may be refunded.

Enrollment Decomposition

First, each cyle of your Enrollment will be decomposed into power-of-two components ("Fragments") for matching. For example, if your enrollment is $27, your Enrollment will be broke into $16, $8, $2, and $1 fragments. The binary representation of numbers exactly matches how we break down your enrollment into fragments.

Fragment Partial Matching

Each fragment is a power-of-two. Whenever we insert the fragment into the process, it can match partially at every lesser power of two. A $16 fragment can match at $16, $8, $4, $2, or $1.

Sequential Matching

When each fragment becomes fully matched, we will insert and begin matching the next fragments.

Descending Order

Fragments are matched in order from largest to smallest.

Upgrade Matching

A fragment that is partially matched may be simultaneously matching at a higher amount. It is said to be "upgrading".

Levels

During insertion, Fragments from many Contributors are grouped together into Levels. Levels only contain fragments that are active at a single amount. A level of $8 is only affected by fragments matched or matching at $8.

Ordered and Exclusive

Only one level of each amuont exists. Each new level matches fragments at twice the amount as the level below. Levels are added in order by powers of two, beginning at $1 and subsequent levels enumerating $2, $4, $8 and so on.

Thresholds

Each Level can accumulate matching Fragments until the sum of already Committed ("Matched") and matching Fragments exceeds a threshold. If this threshold is reached, the Level has "Triggered".

Triggering

Triggering is how matched funds are created. When any level accumulates enough matching funds to reach its current threshold:

• All Levels simultaneously convert all Matching Fragments into Matched.
• All Levels set their next threshold to double their post-trigger matched amount.
• Partially matched fragments will begin matching at higher levels if possible.
• Fully matched fragments will have their successors inserted if there are any.

Matched funds will Disburse at the end of the Recurring Period.

Relations Between Levels

Levels are only able to match funds within certain restrictions and otherwise may not receive any fragments.

At Most Equal

A level can only trigger if it will have no more than the same total as the level below. A level with a total value of $32 can only support a level up to $32. Further matching will not be allowed until the level below grows.

Creation Requirements

Levels can only be created when the level below has matched twice the new level's amount. This enables the new level to begin matching two fragments. A level of $128 can only match $128 when two users match at $128 while at least four match at $64.

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 Social Finance 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.

Supplemental

These terms specify behaviors of a Funding Process, which is described in the Social Finance Terms. These terms are in addition to the General Terms.

Contact

In order to ask questions about these terms you may contact us at contact@prizeforge.com