License Tiers

License is divided into 10 tiers in total, with each tier having a different quantity and price. As the tier increases, the price of the license also increases accordingly. The specific quantity and price of each tier of the license are shown in the table below:

Total Licenses：100000

Tier	Verifier Node Price (USD)	Total Verifier nodes per Tier	Nodes sold (accumulated)	Real-time implied Tier FDV {M}	Implied Tier FDV with 50% Projected Participation Rate {M}	Implied Tier FDV with 100% Projected Participation Rate {M}
1	200	8000	8000	6.4	40.0	80.0
2	230	9000	17000	15.6	46.0	92.0
3	265	10000	27000	28.6	52.9	105.8
4	304	12000	39000	47.5	60.8	121.7
5	350	12000	51000	71.4	70.0	139.9
6	402	12000	63000	101.4	80.5	160.9
7	463	10000	73000	135.1	92.5	185.0
8	532	10000	83000	176.6	106.4	212.8
9	612	9000	92000	225.1	122.4	244.7
10	704	8000	100000	281.4	140.7	281.4