Credits and Locked Rewards
DraftStatus: Draft Version: 0.1.0 Last Updated: 2026-05-17 Owner: Axodus Marketplace / Tokenomics
Purpose
Locked rewards are a major Marketplace design challenge because they may become an internal utility surface only if policy, contracts, treasury, seller settlement, and compliance models support it.
Definitions
A locked reward is a restricted reward balance that cannot be freely transferred or withdrawn unless policy and contracts allow it. An internal credit is a platform accounting unit or locked balance spendable only under defined internal rules. A marketplace credit applies to a purchase only under policy.
Core Rule
Do not describe locked rewards as transferable, withdrawable, swappable, cash equivalent, or marketplace-spendable until policy, contracts, treasury, seller settlement, and compliance models are defined and validated.
Possible Uses
Possible uses include course discounts, selected marketplace credits, Business or BBA service discounts, internal product access, governance participation if approved, or non-spendable visibility until future policy.
Spend Rule Object
Spend rules should define credit type, eligible listings, excluded categories, order percentage limits, period limits, eligibility, seller acceptance, treasury settlement model, refund behavior, expiration, abuse controls, governance status, contract status, and compliance status.
Settlement and Refund Risks
Settlement models may be treasury-subsidized, seller-accepted, platform-discounted, restricted to Axodus-owned listings, or internal-access-only. Risks include hidden liabilities, seller settlement gaps, transferability confusion, reward farming, governance capture, and compliance exposure.