# Buyback logic (market sourcing)

UNIKO’s design links participation to market acquisition of PAI:

·      PAI is acquired from open markets as required by participation flows.

·      This links participation volume to real market demand rather than internal minting.

#### Example token flow tables

**Example A — Quant Index entry with USDT (high-level)**

<table data-header-hidden><thead><tr><th valign="bottom"></th><th valign="bottom"></th><th valign="bottom"></th><th valign="bottom"></th></tr></thead><tbody><tr><td valign="bottom">Step</td><td valign="bottom">Actor</td><td valign="bottom">Action</td><td valign="bottom">Result</td></tr><tr><td valign="bottom">1</td><td valign="bottom">Participant</td><td valign="bottom">Enters round using USDT pathway</td><td valign="bottom">Entry recorded</td></tr><tr><td valign="bottom">2</td><td valign="bottom">System</td><td valign="bottom">Acquires/repurchases PAI from market</td><td valign="bottom">Market demand effect</td></tr><tr><td valign="bottom">3</td><td valign="bottom">System</td><td valign="bottom">Deploys PAI into execution and liquidity processes</td><td valign="bottom">A.M.M.Q operates</td></tr><tr><td valign="bottom">4</td><td valign="bottom">System</td><td valign="bottom">Finalises round outcome at end of cooling</td><td valign="bottom">Outcome recorded</td></tr><tr><td valign="bottom">5</td><td valign="bottom">Participant</td><td valign="bottom">Transfers at maturity</td><td valign="bottom">Next cycle continues</td></tr></tbody></table>

**Example B — QUSD to BULX conversion schedule (illustrative)**

<table data-header-hidden><thead><tr><th valign="bottom"></th><th valign="bottom"></th></tr></thead><tbody><tr><td valign="bottom">Item</td><td valign="bottom">Value</td></tr><tr><td valign="bottom">Conversion input</td><td valign="bottom">1,000 QUSD</td></tr><tr><td valign="bottom">Immediate release</td><td valign="bottom">60% equivalent in BULX</td></tr><tr><td valign="bottom">Buffered release</td><td valign="bottom">40% equivalent in BULX</td></tr><tr><td valign="bottom">Duration</td><td valign="bottom">14 days linear</td></tr></tbody></table>


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