Burning $OPN - Unlock Real-World Opportunity

Burning $OPN is how you redeem rewards and unlock real-world access inside the IOPn ecosystem.

From exclusive merch to collectible NFTs to UAE Golden Visa eligibility, burning your staked $OPN is how you convert loyalty into tangible, on-chain and off-chain value.

---

What Does "Burning" Mean?

To burn $OPN means to permanently destroy tokens from your staked balance.

Why burn tokens?

• Redeem real-world offerings

• Unlock exclusive digital assets

• Increase scarcity (deflationary effect)

• Prove long-term commitment

All burns are logged publicly on-chain - they’re part of your reputation and identity within the Internet of People.

---

What Can You Unlock?

Here are just a few examples of what burning $OPN lets you access:

Reward Type	Example Offering	Requirement
Merch & Swag	Hoodie, laptop sleeve	Earned NeoPoints + OPN burn
Collectible NFTs	Event memento NFT	Pure or Earned NeoPoints + burn
Experience Access	Summit invite, private AMA	Specific badge + burn

---

📏 How Is Burn Amount Calculated?

Each Offering in the NeoCard marketplace has a USD value.

Formula:

• NeoPoints Required = USD × 100

• Tokens to Burn = USD ÷ Current $OPN Price

Example: Hoodie priced at $50 → 5,000 NeoPoints → If $OPN is $0.01 = burn 5,000 OPN

All calculations happen automatically in the background - no guesswork.

---

Promotions & Discounts

Some Offerings may include limited-time promotions that reduce the cost:

Promo Type	Effect
25% Launch Week	Reduces both points and token burn by 25%
Badge Bonus	Specific badge may reduce burn need
Tier Benefit	Higher NeoCard tiers may access cheaper rates

Example: $120 NFT with 25% off = 12,000 → 9,000 points 12,000 OPN → 9,000 OPN burned

---

Redemption Flow

1. You select an Offering via your NeoCard dashboard(Coming Soon)

2. The contract checks your NeoPoints + badge requirements

3. You choose which staked tokens to burn

4. The burn is executed on-chain

5. Your NeoCard records the redemption permanently

All burns happen directly from your stake, preserving security and yield logic.

---

Burn = Reputation

Every burn action updates your NeoCard:

• Redeemed items are shown on your on-chain loyalty card

• Stake reductions are tracked transparently

• You grow a public record of value exchanged and status earned

The more you participate, the stronger your social footprint becomes across Web3 and real-world gateways.

---

Redeem the Golden Visa

One of the most powerful uses of burning $OPN is to redeem your UAE Golden Visa(Subject To Approval).

Requirements:

• $100,000+ purchase of $OPN

• 3-year staking commitment

• Successful ID verification via off-chain process

• Stake burn triggered during redemption

• Subject To RAKDAO Availabillty & Approval

Once confirmed, your Golden Visa NFT is:

• Soulbound (non-transferable)

• Visible in your wallet and NeoCard

• Your access credential to the visa application portal

In the rare event of a rejection at any stage of the approval process, your staked $OPN tokens will be fully refunded. IOPn ensures a transparent and secure process, with funds safely returned to your wallet if your application is unsuccessful.

---

Notes and Protections

• You always choose which stake to burn from

• The system ensures you can’t burn more than available

• All redemptions are final and recorded immutably

• Only eligible users can mint visa NFTs (no workarounds)

---

Next Steps

If you're ready to redeem:

View Available Offerings →(Coming Soon)

If you haven't staked yet:

Stake $OPN to Earn NeoPoints →(Coming Soon)