To start with, OST Platform sets a default conversation rate of 1OST=1BT. If you like, you can set an alternative conversion rate by selecting Edit under Advanced Options.
Two things to consider when setting the conversion rate:
- Order of magnitude of token rewards: do you wish to reward single digit, 10s, 100s, 1000s of tokens per incentive?
- Fiat value of each token
We recommend using the default conversion rate in the sandbox environment. You can then make a more informed decision when setting-up your brand token in production. If you need help setting the conversion rate, you can reach out to your Client Success lead or to the OST Support team at email@example.com.
- Once you mint your token, the conversion rate is fixed and cannot be changed.
- Conversion rates do not transfer from Sandbox to Production and must be set again during the token setup in the production environment.