O.W.L

O.W.L (Olympian Welfare Lifeline) is a fund set aside from a designated portion of the total prize pool from each round in the League of Games, created to support champions who, despite demonstrating enthusiasm, did not achieve positive results throughout the season.

The mechanism is similar to general insurance: champions qualify for benefits if they meet specific participation conditions. By leveraging the O.W.L fund, champions can overcome the fear of heavy losses and stay focused on achieving greater success through their skills and gameplay.

This document provides guidance on the requirements for participating in O.W.L, its operational mechanisms, and the methods for calculating its benefits.

Premium

There is no financial premium required to benefit from O.W.L. Instead, it demands a demonstration of genuine passion from gamers through their engagement. This is objectively proven by participating in all rounds of a particular season, regardless of tier.

For instance, in the League of Skyhill, participating in all 4 rounds of a season qualifies a champion for O.W.L protection. Participation in the first round provisionally grants O.W.L protection ("under the owl's watch"), but if the champion drops out without participating in all 4 rounds, they become disqualified from O.W.L's benefits. Completing all rounds secures eligibility for O.W.L benefits.

MP potion

If a champion participates in every round of a season and ends up with a loss, they receive blue MP (Misfortune Point) potions equivalent to the value of their loss. This value is measured in SOX, the exclusive utility token of the Olympian Games ecosystem.

The value of SOX is determined using the PIX (Price Indicator of X), which reflects the exchange rate between SOX and USD. However, prior to SOX’s TGE (Token Generation Event) and official listing on major exchanges, its intrinsic value within the Olympian Games ecosystem is used as the standard. Accordingly, MP (Misfortune Point) potions are awarded at a rate of 1 potion for every 1SOX (=100DP=1USD) of loss incurred by the champion, with fractional potions granted for losses less than 1SOX.

MP potions are only awarded to champions whose total winnings for the season are less than their total league ticket purchase costs, with the difference determining the exact quantity of MP potions granted.

O.W.L's Payout

A champion who participates in every round of a season is eligible to receive the owl’s payout.

The owl’s payout is awarded to selected champions who ended the season with a net loss, and it is calculated based on the lower amount from the following two methods:

1. Payout ratio method: The payment is capped at a fixed percentage of the calculated loss, known as the payout ratio.

2. MP potion shares method: The payment is determined by the proportion of MP potions you received out of the total MP potions distributed during the season, which represents your share of the total OWL's payout.

In summary, the value of the owl's payout you receive is determined by the following formula:

my_payout=min{my_potion*payout_multiple, prize*payout_ratio*(my_potion/potion)}

In the above formula, payout refers to the total amount of O.W.L's payout distributed to eligible champions for that season. Potion represents the total number of MP potions issued during the season. The payout_multiple is a variable parameter that can change each season, with the initial value set at 200%.

If a payout deposited into the account is not withdrawn to the wallet within 365 days from the date of deposit, it will be reclaimed by the contract.