Conditional Tokens: a Participation-based Vesting primitive

• $AUT tokens distributed through Reputation Mining are designed to be distributed monthly (see Distribution Formula) and “vested” for each period’s duration (28 days).

• During the Vesting period, tokens can’t be withdrawn or sold - but they can, and should, be used within Āut’s ecosystem (see Token Utility)

• We've designed and implemented a novel mechanism for this process, inspired by yield-bearing and restaking asset classes.

• This new primitive, which we call c-tokens (conditional tokens), allows receivers of a specific token distribution (in this case, $AUT) to use $c-AUT within secure, whitelisted dApps and contracts before the actual $AUT amount is unlocked.

• If, at the end of the following period, the user has "staked" (= used) 60% or more of their $c-AUT, they will be able to convert the c-Token to the actual $AUT in a 1:1 ratio, and claim it.

• The “burning” / conditional mechanism is a vesting process, that creates a deflationary effect, and pushes people to engage. With built-in engagement.