Coupons & Cards

The SHIP token may serve as a functional ecosystem instrument through partner redemption programs and regulated payment integrations, designed to expand real-world usability. These mechanisms are expressly segregated from vessel-level SPV economics.

Under the Partner Coupon Redemption Program, token holders may elect to burn or time-lock SHIP through a designated smart contract in exchange for non-transferable coupons, service credits, or preferential access benefits offered by approved ecosystem partners. Redemption tiers, token thresholds, eligibility criteria, and aggregate allocation caps are established through governance-approved parameters. Coupons are funded through commercial partner arrangements or treasury-authorized promotional allocations and are not redeemable for cash, fiat equivalents, or protocol reserves. This mechanism operates as a loyalty and participation incentive designed to reinforce ecosystem engagement rather than to generate financial return.

Separately, Ethra may integrate with licensed electronic money institutions or regulated payment providers to facilitate card-linked spending access. Cards under this program would be issued by compliant, licensed entities, and all payment settlement would occur within established financial network infrastructure. Cards would be made available on a tier-basis, reflecting SHIP holders engagement within the ecosystem.

Non-Cash Redemption: Coupons are not redeemable for cash, fiat equivalents, or protocol reserves. They function exclusively as ecosystem loyalty instruments.