Program Phases

To fairly reflect participation across different growth stages, the Jasper Vault Score Program progresses through multiple phases:

Phase 1｜Pioneer Phase

• Early internal and invited users

• Focus on trust, feedback, and co-building

• Records participation during periods of higher system uncertainty

Phase 2｜Channel & Community Phase

• Gradual onboarding of external users

• Controlled expansion of participation

• Observation of real usage behavior

Phase 3｜Social Invite Phase

• User-generated invitations enabled

• Emphasis on real usage and organic referrals

• No encouragement of mass or indiscriminate expansion

Phase 4｜Public Trading Phase

• Fully open participation

• Transition toward long-term steady-state operation

• Score continues as a persistent participation record

Generally, earlier and longer participation carries greater historical significance.