Introducing Rewards 2.0

Hello Phenom Fam,

Today we're announcing the biggest change to Phenom rewards since we opened the doors: Rewards 2.0.

As we approach our second birthday, we've taken everything we've learned from the data, along with your feedback, and gone back to the drawing board. The result is a rewards system that's bigger, more fun and more dynamic, and that drives value where it belongs.

It's built on one idea: the more value you bring to the ecosystem, the more rewards you get.

And for the first time, Phenom's rake goes to work for PHNM. With the new PHNM Buyback, a share of every week's rake buys PHNM on the open market and deepens its liquidity, with every trade posted in public.

Rewards 2.0 arrives in stages over the coming weeks. Here's everything that's coming.

For your game:

• Rakeback up to 80% at the top tier, built around how you play.
• Tiers you keep for a full year. Nobody loses their tier at launch.
• The Grind Prix goes weekly, with bigger prizes, a more exciting race, and a shot at the Phenom Invitational.
• A freeroll calendar, plus a Welcome freeroll for new players.

For PHNM:

• The PHNM Buyback: 3% to 15% of net rake every week, growing with Phenom, buys PHNM and deepens its liquidity. Every trade is public.
• Take your rewards in PHNM if you want to, with a bonus for locking.
• The Owners Club for everyone who stakes PHNM.

Your game, rewarded

Rakeback up to 80%

Your tier sets how high your rakeback can go, from 20% at Bronze all the way to 80% at Phenom.

How to earn boosts

• Tier boost: play. Every CHIP of rake earns a point, and every tier you climb raises this boost. It's the biggest of the four. Staking PHNM can lift your tier straight away.
• Action boost: give action. Nobody likes a player who nits it up. Get in there and battle: play more hands than most players over the last 90 days, and the Action boost is yours. The more action you give, the more you earn.
• Loyalty boost: our thank-you. It's how we reward our most loyal players. It builds over months, not in a single week, and it's the one boost we don't break down, so it can't be gamed.
• Owner boost: stake PHNM. Stake 100 PHNM or more and it switches on. Each Owner level adds more, and a two-year lock adds the most.

Your rakeback is worked out fresh every week and reflects a few other factors too, so it can move from one week to the next. These are the levers you control.

Tiers you keep for a year

• 1 point for every 1 CHIP of rake, in any game, cash or tournaments, over the last 365 days.
• Reach a tier and you keep it for a full year. Hit the threshold again and the year starts over.

Already have a tier? You keep it for at least six months after the new tiers go live, even if your points say otherwise.

The Grind Prix goes weekly

The daily leaderboards are becoming something bigger: one weekly race, with bigger prizes. Seven days to climb the board, and it isn't over until Sunday night.

• Bigger prizes, every single week.
• Win your way into the Phenom Invitational. It's for our Phenom players and Grind Prix leaderboard winners.
• Five boards: Nano, Micro, Low, Mid and High, so every stake has a race it can win.
• One race a week: Monday 00:00 to Sunday 23:59 UTC.
• What counts: the rake you pay on hands dealt to three or more players.

Freerolls on a calendar

Freerolls now run on a published weekly calendar, so you can plan your sessions.

• Open freerolls every day, rotating through our game menu.
• Tier freerolls with bigger prize pools: Silver and up at peak time, Gold and up on Sundays, Platinum and up once a month.
• The quarterly Phenom Invitational for our Phenom players and Grind Prix leaderboard winners.

New here? The Welcome freeroll is for you.

• A 250 CHIP freeroll every week during your first 30 days.
• Deposit at least 100 CHIP to qualify.
• Every 25 CHIP of rake you pay unlocks another entry, up to four.

Driving value to PHNM

Rewards 2.0 is also our commitment to PHNM, and we're backing it with real revenue.

The PHNM Buyback

This is the big one. For the first time, a share of Phenom's rake goes straight back into PHNM, every single week.

• 3% to 15% of net rake goes into a public buyback wallet every week, before the treasury or stakers take their share. It starts at 3% and rises as Phenom grows.
• When you take rewards in PHNM, the CHIP you give up goes into the wallet too. Every reward taken in PHNM adds to the buying.
• Half buys PHNM on the open market.
• Half deepens PHNM's liquidity. It's added to the PHNM pool on Aerodrome, matched with an equal value of PHNM from the treasury, so bigger trades move the price less.
• Never on a fixed schedule. Buys happen at different times each week, so nobody can front-run them.
• Every trade in public. Within 24 hours of each trade we post the transaction, the amounts, the price paid and the 24-hour average price on the staking dashboard.

Why both? Buying alone pulls PHNM out of the pool and leaves it thinner and harder to trade. Pairing every buy with new liquidity gives PHNM more demand and a deeper market at the same time.

It grows faster than Phenom

The buyback rate is tied to Phenom's weekly rake. It starts at 3% of net rake and steps up through 6%, 9% and 12% to 15% as weekly rake grows. It never drops below 3%.

Because the rate climbs as rake climbs, the buyback grows much faster than Phenom does:

• Rake up 50%: the buyback is about 3.5× bigger.
• Rake nearly doubles: about 6.5× bigger.
• Rake triples: nearly 20× bigger.

Every new player, every hand and every table that fills up pushes the buyback higher.

The PHNM the buyback buys goes to the Phenom treasury. Future uses, such as burns, will be decided by governance.

Take your rewards in PHNM (optional)

You can choose to take part of your weekly rewards as PHNM. Take it straight away, or lock it for a bonus:

• Works for rakeback, agent and staker rewards of at least 25 CHIP.
• Pick any share from 0% to 100%. Set it once and it applies every week until you change it. Changes made by Sunday 23:59 UTC apply to that Monday's rewards.
• It feeds the buyback. The CHIP you give up goes into the buyback wallet and buys PHNM on the market.
• It's optional and off by default. Do nothing and you keep receiving CHIP as you do today.

Good to know: PHNM's price goes up and down, and locked tokens can't be sold or moved until the lock ends. The bonus rewards that commitment. Only take what you're comfortable holding.

The Owners Club

Stake PHNM and you're an Owner. Your stake lifts your tier straight away and adds an Owner boost to your rakeback.

Every Owner gets:

• Direct access to the team.
• Invites to future Phenom team events.
• Priority for your governance proposals.
• An exclusive Owner badge.

We'll add more as the club grows.

• Two-year locks count 1.5× toward your Owner level.
• Only staked PHNM counts.
• You can buy PHNM right in the app.

Already staking? Your stake carries over. The levels now start at 100 PHNM and lift your tier, not just your boost.

How each week's rake is shared

Each week's rake is shared out in a set order:

1. Player rewards and agents come first.
2. The PHNM Buyback comes next.
3. The treasury takes the larger of 50,000 CHIP or half of what's left, and never more than 70%.
4. Stakers receive the rest.

The treasury floor keeps Phenom funded to run and grow the platform. As rake grows, stakers get the upside: once the treasury reaches its floor, every extra CHIP goes to stakers until the split is back to an even 50/50.

What do I need to do?

Nothing. Rewards 2.0 rolls out in stages over the coming weeks, and each part switches on automatically when it's ready. We'll let you know as each one goes live.

If you want to get ahead:

• Check the Rewards Center to see your tier, your maximum and your boosts.
• Join the weekly Grind Prix on your stakes.
• Look at the freeroll calendar and plan your week.
• Follow the buyback on the staking dashboard.
• Thinking about the Owners Club? Your current stake already counts.

FAQ

When does Rewards 2.0 start? It rolls out in stages over the coming weeks, not all at once. Each part switches on automatically, and we'll let you know as each one goes live.

Will I lose my tier? No. You keep your current tier for at least six months after the new tiers go live. After that, tiers are earned with points and kept for a year once reached.

Why does my rakeback change from week to week? It's worked out each week from how you've been playing. Your tier sets the maximum; your boosts decide how close you get.

Do heads-up hands count for the Grind Prix? No. Only hands dealt to three or more players count.

Where can I see the buyback? On the staking dashboard. Every trade is posted within 24 hours: the transaction, the amounts, the price paid and the 24-hour average price.

Why not put the whole buyback into buying PHNM? Buying alone would pull PHNM out of a thin pool and make it harder to trade. Half buying and half adding liquidity means more demand and a deeper market at the same time.

What happens to the PHNM the buyback buys? It goes to the Phenom treasury. Future uses, such as burns, will be decided by governance.

Do I have to take rewards in PHNM? No. It's off by default.

Does PHNM in a liquidity pool count toward the Owners Club? No. Only staked PHNM counts, and two-year locks count 1.5×.

Where can I ask questions? Join us on Discord or Telegram, or reach support any time from the app.

We built Rewards 2.0 for the players who make Phenom what it is, and for everyone who owns a piece of it. Thank you for being part of it. See you at the tables.

— The Phenom Team