> For the complete documentation index, see [llms.txt](https://docs.punch.win/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.punch.win/getting-started/point-market.md).

# F2P

## What is Free to Predict (F2P)

You get points for free, trade prediction markets with them, and earn prizes based on how you finish the season.

* No deposit required. Sign in with a social account and start.
* Points cannot be bought or sold, and cannot be converted to cash or any other asset.
* At the end of a season all points are burned and the next season starts fresh.
* Prizes are paid in a real asset (ONE).

***

## 1. Earning points

| How             | When it pays                                                                     |
| --------------- | -------------------------------------------------------------------------------- |
| Welcome points  | Once, the first time you open the app in a season                                |
| Daily check-in  | Once a day. Claiming on consecutive days raises the amount                       |
| Weekly mission  | Trade a set number of different events within the week                           |
| Getting started | First prediction, first event market trade, trades in three different categories |
| Referral        | When a friend you invited signs in and connects a wallet                         |

Amounts and conditions can change from season to season. Check the Point page for the current amounts.

Referral points are paid for **direct invites only**. The two-level referral program on the [Referral](/getting-started/referral.md) page is separate, and pays in USD.

### Things to know

* **You have to claim points yourself.** They do not accumulate automatically.
* Check-in points **disappear if you do not claim them that day.** They do not carry over.
* Miss a single day and your streak and multiplier reset.
* The streak runs across the whole season. It does not reset weekly.
* The same event counts toward a mission only once per cycle.
* Days are counted from **00:00 UTC**. The screen shows your local time.

***

## 2. Trading with points

Trading works the same as any other market. Place an order at the price you want on the order book, and sell a position before the market resolves if you choose to.

* Balances and order amounts go to two decimal places.
* Your point balance and your trading PnL are shown separately.

***

## 3. Rating

Season standings come from a single number, Rating. It combines several kinds of activity across the season into one score.

**Being strong in one area is not enough to reach the top.** The parts of the score are multiplied together, so leaving one at zero pulls the whole score down with it. Piling up volume, or only showing up every day, will not move your rating on its own.

* The maximum is 1,000.
* It is calculated every 5 minutes.
* The metrics that go into Rating, and their weights, are not published.

### Why your rating moves up and down during a season

Your rating can rise and fall while a season is running. Season progress and other factors feed into it, so the number can drop even when your own results have not changed.

The rating you see is scaled by how far the season has progressed. It starts low and climbs as the season goes on.

***

## 4. Prizes

When a season ends, prizes go to a set share of the top of the Rating leaderboard. Both the cutoff and the total prize pool are fixed before the season starts, and you can see them on the Point page.

* **Prizes are split in proportion to Rating.** Everyone above the cutoff gets paid, and a higher Rating means a larger share. There is no fixed amount per rank.
* **The total pool does not change no matter how many people join.** Your own share does, since it depends on how many people qualify and how your Rating compares to theirs.
* You never have to deposit or pay anything to receive a prize.

***

## 5. When a season ends

1. New orders stop at the closing time.
2. Final standings are confirmed and prizes are paid.
3. All points are burned and points for the next season are issued.

There may be a maintenance window between seasons for settlement and burning. Trading is paused during that time.