Question 1

What is LONG?

Accepted Answer

LONG is the utility token and reward settlement medium in the Belong CheckIn ecosystem. After the product verifies an in-person visit through QR codes or NFC, LONG can fund and settle rewards for verified interactions among venues, customers, and promoters. Accordingly, LONG's stated role on the page is not to represent corporate equity, but to be embedded in campaign balances, reward payments, and related fee rules. Whether a particular campaign distributes rewards, who receives them, and their amount are still determined by that campaign's settings.

Question 2

How do venues fund reward campaigns with LONG or USDC?

Accepted Answer

A Belong CheckIn campaign starts with venue funding: the venue deposits USDC or LONG into escrow, and the system records the balance available for that campaign using Credit Tokens. Applicable platform fees apply when funding; the first two deposits have a 0% platform fee plus a $5 convenience fee, while subsequent standard deposits have a 10% platform fee plus a $5 convenience fee. When a visit is verified and meets campaign conditions, rewards are paid from this escrowed balance; payments to promoters consume the corresponding Credit Tokens. This links campaign spending to traceable balances and verified interactions, rather than having a normal online click directly trigger it.

Question 3

Why does Belong CheckIn use QR-code or NFC verification?

Accepted Answer

QR-code or NFC check-ins are used to verify an in-person visit as an event recognizable by a campaign. The verification record links the visiting customer, the promoter who brought that customer, and the campaign balance prepared for rewards and analytics. The significance of this step is attribution: venues can set fixed rewards for verified visits or variable rewards based on customer spending; only records that meet campaign conditions can enter the subsequent reward process.

Question 4

How do promoters receive reward settlement?

Accepted Answer

Promoters can choose USDC or LONG for settlement, and the platform page states that conversion is handled during the process. Payments come from the venue's escrowed campaign balance and consume Credit Tokens when distributed. The fees for the two withdrawal methods differ: the USDC withdrawal fee is 10%; the LONG withdrawal fee depends on the staking tier. Choosing a settlement asset does not guarantee a fixed fiat value, as the actual value received is also affected by the chosen asset and its market conditions.

Question 5

What is the practical purpose of staking LONG?

Accepted Answer

Staking LONG changes two platform fee rates listed on the Belong CheckIn page: the platform fee on venue deposits and the fee for withdrawals in LONG. The standard tier stakes no LONG and has a 10% deposit platform fee and a 5% LONG withdrawal fee. The page lists the following tiers: staking 50,000, 250,000, 500,000, and 1,000,000 LONG results in deposit platform fees of 9%, 8%, 7%, and 5%, respectively, and LONG withdrawal fees of 4%, 3%, 2%, and 1%, respectively. These are platform fee rules, not a return commitment for holding or staking LONG.

Question 6

What benefits might customers receive from using LONG?

Accepted Answer

For customers using LONG, the Belong CheckIn page lists a 3% discount as a benefit. This wording describes a use-case benefit listed by the platform; it does not mean that it automatically applies to every product, venue, or transaction. Whether customers can also receive check-in rewards, welcome benefits, or spending-based rebates depends on whether the specific campaign has configured the corresponding conditions and rewards; these campaign rewards are governed by different rules from the 3% LONG discount.

Question 7

Who uses LONG in a Belong CheckIn campaign?

Accepted Answer

A campaign can serve three types of participants at once: venues provide a reward budget in advance, customers receive campaign-configured benefits or rewards through verified visits, and promoters obtain settlement for bringing qualifying customers. LONG can serve as reward funding and a settlement medium in these stages. This design places “who visited, who brought them, and from which budget payment was made” in the same campaign record; it does not mean every LONG holder automatically receives campaign rewards.

Question 8

What are the allocation, lockup, and rights boundaries of LONG?

Accepted Answer

The allocations described on the LONG page are all subject to lockups and release according to vesting schedules. Lockups and vesting describe when allocated tokens are released under predetermined arrangements and should not be confused with campaign reward payments or user withdrawals. The page also states that there are no discretionary token sales, buybacks, or profit-linked distributions. Therefore, holding LONG itself does not represent corporate ownership or constitute a right to dividends or profit distributions.

Question 9

How should fees be understood when settling with LONG?

Accepted Answer

LONG withdrawal fees decline from 5% to 1% by staking tier, while the USDC withdrawal fee is 10%. Therefore, when calculating the cost of a LONG settlement, first determine the withdrawal asset, then confirm the account's LONG staking tier, and finally calculate using that tier's fee rate. In addition to these platform withdrawal fees, the page notes that on-chain Gas changes with the network and external payment providers may also charge fees; card processing costs are approximately 2.9% plus $0.30 and are passed through at cost. They should not be confused with the LONG withdrawal fee as one fixed rate.

Question 10

How does LONG relate to Belong's ticketing and membership scenarios?

Accepted Answer

Belong CheckIn places offline interactions in campaigns, ticketing, memberships, or access scenarios into one operating workflow. The page lists a 2% Belong fee for ticket and membership minting; in secondary sales, issuers can set royalties from 0% to 8%, while Belong charges a 2% resale fee. These ticketing fee rules are related to but different from LONG's role as campaign reward funding and a settlement medium: the former apply to minting or secondary sales, while the latter apply to venue campaign balances, reward payments, and LONG withdrawals.

Question 11

What operational role does accepting LONG have for venues?

Accepted Answer

After accepting LONG, venues can use it for campaign funding and, according to their own needs, hold, stake, or convert it; the page positions it as an option for faster settlement and lower deposit platform fees based on staking tiers. This does not turn LONG into a fixed-value collection tool: venues must still consider campaign budgets, platform fees, network Gas, external service costs, and market conditions when converting.

Question 12

How does LONG flow through a verified campaign?

Accepted Answer

A Belong CheckIn campaign can be summarized in four steps: a venue funds an escrowed balance; a customer completes visit verification through QR or NFC; the system associates the verification record with the customer, promoter, and campaign conditions; rewards meeting the conditions are settled from the balance. LONG mainly appears in the funding and settlement layer and can be used for funding, promoter settlement, customer discounts, and fee rates tied to staking tiers. Verification itself does not necessarily produce a fixed amount of LONG, because parameters such as fixed rewards and spending-percentage rewards are configured by each specific campaign.

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