Redemption

Redemption of "Cashing Out" is a key component that makes the TallyUP game economy possible.

Users are able to redeem their in-game balances and assets out of the game's economy once they've hit a certain threshold (This is currently set at $10 but may be up for change via governance). They may decide to cash out their balances fully, partially and in various supported means of cashing out.

This threshold and redemption mechanism allows for financial value to be circulated within the game economy and generating revenue before being taken out of the system by players.

Redemption of In-Game Balances

Once a player's account value is in excess of TallyUP's minimum cashout threshold, players may request to redeem their full or partial balances from the system. At the time of cashout, a minimum 10% of player winnings must be donated to a charity partner. Players may choose from several different redemption options:

• $UP token redemption - users are able to redeem their prizes directly as $UP tokens into their non-custodial wallets out of the system.

• USD redemption - users are able to redeem USD directly to their PayPal or other payment processor accounts (minus transaction fees), as well as stablecoins.

• Gift cards (coming soon) - players may also choose a selection of gift cards to redeem their value out of the system.

• Integrated cryptocurrencies (coming soon) - select cryptocurrencies integrated into the platform will be available to players as choices to withdraw into. For example: APT, USDC, USDT etc...

Redemption from Hosted Tournaments

In the case of hosted tournaments of currencies and prizes that are not natively supported in TallyUP, and subject to how prizes have been configured, players may redeem prizes directly to their own TallyUP wallets, or players may redeem prizes outside of the TallyUP app, and inside a third-party website, product, app, or wallet of the host's choosing.