Compendium Token
Get paid back for building the platform with us.
Tokens are Compendium's rewards, rebates and revenue-share layer. Refer a firm, hit a milestone, or simply stay with us, and value lands in your wallet as real, spendable balance — recorded on a ledger you can verify yourself.
Plainly: Compendium Tokens are a closed-loop store balance denominated in US dollars. They are not a cryptocurrency, not a security, not shares, and not an investment. They buy Compendium software. That restraint is deliberate — it is what keeps the program simple, legal and free of the small print everyone hates.
Given to you
Welcome bonuses, milestones, goodwill. Free money, so it can carry an expiry date — and we always show you the date.
You worked for it
Referral commission and revenue share. Never expires. It is yours the moment the referred invoice is paid.
You paid for it
Tokens you bought up front, usually at a discount. Never expires, ever. Expiring money somebody paid us for is indefensible.
How it works
Earn it. Hold it. Spend it.
Three steps, no points-to-dollars conversion games, no blackout dates.
Earn
Referral commission, rebates, milestones, or tokens you buy outright.
Hold
It sits in your wallet as US dollars. One balance, split by where it came from.
Spend
Applied at checkout against any Compendium product or seat. 1 token = $1.
One dollar is one dollar
No point systems, no shifting redemption rate. Tokens are denominated in US dollars and spend at face value. If your balance says $240.00, it takes $240.00 off your bill.
Perishable balance spends first
When you check out we automatically spend promotional tokens before earned tokens, and earned before anything you paid for. You are never left holding the bit that was about to expire.
Nothing to activate
Your wallet exists from your first invoice. There is no separate signup, no tier to maintain, and no way to lose a balance by not logging in.
Rewards
Tokens for the things that actually help.
Rewards are discretionary, and we would rather say so than dress them up as a contractual tier system. These are the things that earn them.
Onboarding milestones
Tokens when your firm finishes migration, connects its bank feeds, or gets its first ten users genuinely live rather than merely invited.
Longevity
Anniversary tokens each year you stay. It costs us less to thank an existing customer than to acquire a new one, and this is us passing that back.
Making the product better
A reproducible bug report, a feature specification we actually ship, agreeing to be a reference. Real contribution, real tokens.
Rebates
Volume should cost you less. Rebates make that visible.
A rebate is money coming back after the fact, rather than a lower price up front. We use it where the number cannot be known in advance — which is most of the interesting cases.
Seat growth
Suite pricing is already graduated, so seats six through ten cost less than the first five. Where a firm grows mid-term, the rebate returns the difference in tokens instead of forcing a mid-cycle re-quote.
Annual commitment
Pay annually and the saving can arrive as tokens rather than a smaller invoice — useful when the budget is already approved and you would rather bank the difference against next year's seats.
Service tokens
If we miss on something we promised, the make-good arrives as tokens automatically. No claim form, no negotiation, and it shows up on your ledger with the reason attached.
Migration offset
Moving a firm off an incumbent system costs real hours. A migration rebate offsets part of that against your first year, so switching is not punished.
Revenue share
One payment, split exactly, every time.
When a referred customer pays, commission accrues against that invoice and divides across everyone entitled to a piece. The split is defined up front, and the arithmetic is not approximate.
| Party | Role | Share | Tokens |
|---|---|---|---|
| Example only. A referred Suite invoice of $653.25 net, at an example commission of 20% → $130.65 to divide. | |||
| The referrer | Introduced the firm | 60% | $78.39 |
| House | Compendium | 30% | $39.20 |
| Introducer | Made the connection | 10% | $13.06 |
| Total distributed | $130.65 | ||
Note the total. Splitting $130.65 three ways leaves an odd cent, and the ledger allocates it deterministically rather than rounding each share separately — which would have distributed $130.66 and quietly broken the books. Commission rates and splits are agreed per partner; the figures above are illustrative.
Paid on net, not gross
Commission is calculated on revenue actually received, after processing costs. Paying a percentage of a number that includes card fees pays out money that never arrived.
Accrued when the invoice is paid
Not when the deal is signed, not when it is invoiced. If a payment fails, no commission is created; nothing has to be clawed back later.
Splits must total 100%
The engine refuses to pay a split that does not add to exactly 100%. A misconfigured split fails loudly instead of quietly underpaying a partner for months.
For partners
Refer once, earn on the renewal too.
Accountants, consultants and implementers who put firms onto Compendium can take a share of what those firms pay — optionally for the life of the account rather than the first invoice alone.
Your own code and ledger
A referral code, an attribution record for every order it wins, and a running statement showing each accrual, what it was calculated from, and when it landed. Nothing about your commission is a black box.
One order pays once
Attribution is unique per order at the database level, so a replayed payment webhook cannot pay you twice — and cannot pay you zero because someone assumed it might.
Multi-party splits
Where two firms genuinely worked a deal together, the split reflects it. Add legs, set the shares, and every accrual divides accordingly from that point on.
Spend it on your own stack
Commission lands as tokens against your own Compendium bill. For a partner already running the suite, that is a direct reduction in cost of doing business.
Worth being straight about: referral commission is earned income, and token balance is spendable value, so it is reportable. We are also careful about what gets referred: commissions on software subscriptions are ordinary commerce, but referral fees involving regulated services — legal or medical work in particular — run into professional fee-splitting and anti-kickback rules. Those are handled case by case, not by signing up to a web form.
Wallets & the ledger
A balance you can check our arithmetic on.
Every token movement is a double-entry transaction on an append-only ledger. Nothing is ever edited or deleted — a correction is a new reversing entry, so the history stays intact.
Tamper-evident by construction
Each transaction is cryptographically linked to the one before it. Change an amount, edit a memo, or remove an entry after the fact and verification fails and names the exact point where the history diverges.
Anchored to a public chain
We periodically publish the ledger's head hash to a public blockchain. That is independent, third-party evidence of what the ledger said and when — proof you do not have to take our word for.
A real wallet address
Each wallet has a standard Ethereum-format address on the same curve the major chains use. You can bring your own address instead of using one we generate.
We hold no keys
If we generate an address for you, the private key is shown once and never stored. We are not a custodian of anybody's keys, which is a deliberate choice and a different business from the one we are in.
Why build this for a rewards balance? Because it costs little now and settles the question later. If Compendium ever runs a properly structured, counsel-approved offering, balances can migrate one-for-one to addresses holders already control. Until such a thing exists and is papered, tokens remain closed-loop store balance and nothing here is issued, sold or traded.
For the team
Employees share in what they build.
Separately from customer tokens, Compendium runs an Equity Token plan for staff: appreciation tokens whose value tracks the company's, vesting over time, locked for three years, and paying out on a sale or public offering.
Value follows the company
Equity Tokens are priced off the board-set company valuation. When the company is worth more, so are the tokens — that is the entire point of granting them.
Vesting, not a handout
Equity Tokens vest on a schedule and carry a three-year lockup. The plan rewards people who stay and build, and every grant, valuation and vesting event is recorded on its own ledger.
Pays out on a liquidity event
Equity Tokens settle on a sale of the company or a public offering. They are not redeemable on demand, not transferable, and are not sold to anyone — they are compensation for the people doing the work.
The Equity Token plan and the customer token program are deliberately separate systems, and share nothing but a word. Customer tokens carry no ownership, no claim on the company and no share of profits, and are always worth one dollar each. Equity Tokens are compensation for employees, track the company valuation, and are never offered to or purchasable by customers or tenants. Keeping those two things apart is not a technicality — it is what allows each to be simple.
The small print, up front
What tokens do, and what they deliberately don't.
What they do
- Spend at face value in US dollars against any Compendium product or seat.
- Show a full statement: every accrual, every redemption, what it came from.
- Purchased and earned tokens never expire. Only promotional tokens can, and the date is always shown.
- Spend the perishable balance first, automatically.
- Survive plan changes. Downgrading does not forfeit a balance.
What they don't
- They are not transferable and cannot be sold or traded between holders.
- They are not cash and are not redeemable for cash.
- They are not equity. They carry no ownership, no voting right and no claim on profits.
- They are not an investment. The balance does not appreciate; a dollar stays a dollar.
- They are not a cryptocurrency, whatever address your wallet displays.
Questions
Frequently asked
Are Compendium Tokens a cryptocurrency?
No. Tokens are a closed-loop store balance denominated in US dollars. They cannot be transferred between holders, traded on any market, or redeemed for cash, and their value does not fluctuate — one token is always one dollar off a Compendium invoice. Wallets use standard cryptographic addresses for record-keeping and future flexibility, but the balance itself is not a security and is not sold.
Do my tokens expire?
Tokens you purchased never expire, and neither does commission you earned. Only promotional tokens that we gave away can carry an expiry date, and when they do, the date is shown on your statement from the moment it is granted. When you check out, expiring tokens are always spent first automatically, so you are not left holding the perishable portion.
How is referral commission calculated?
Commission is a percentage of the net revenue on an invoice a referred customer actually paid — after payment processing costs, not the gross amount. It accrues when the invoice is paid rather than when the deal is signed, so a failed payment never creates a commission that has to be reversed later. Rates are agreed per partner.
Can several people share one referral commission?
Yes. A referral code can carry multiple split legs, each with a defined share, and every accrual divides across them. The shares must total exactly 100%; the system refuses to pay out a split that does not, rather than quietly distributing the wrong amount. Rounding is allocated deterministically so the legs always sum to the exact commission.
Can I cash out my token balance?
No. Tokens are redeemable against Compendium products and seats only. This is deliberate: a balance that can be converted to cash is a different regulated product, and keeping the loop closed is what allows the program to stay simple and free of the restrictions that usually come attached.
Do tokens give me ownership in Compendium?
No. Tokens carry no equity, no voting rights, no claim on profits and no share of a sale. They are prepaid or awarded value for buying software. Compendium does run a separate Equity Token plan, but that is employee compensation and is not offered to customers.
What happens to my balance if I cancel?
The balance stays on your account. Cancelling a subscription does not forfeit tokens, and if you come back it is still there. Tokens you purchased remain a liability we owe you regardless of whether you are currently a subscriber.
How do I know the ledger is accurate?
Every movement is a balanced double-entry transaction on an append-only ledger — nothing is edited or deleted, and corrections are made as new reversing entries so the history stays intact. Transactions are cryptographically chained to each other, so any later alteration breaks verification and can be pinpointed. We also periodically publish the ledger head hash to a public blockchain as independent evidence.
Are tokens taxable?
Referral commission is earned income and is reportable, whether it is paid in cash or in tokens. Promotional tokens and rebates are usually treated as a purchase price adjustment rather than income, but that depends on your circumstances. We report what we are required to and are happy to provide statements; we are not able to give you tax advice.
How do tokens show up in my accounting?
On your invoice, tokens appear as payment applied rather than as a discount on the line item, so the software expense you record is the real one. On our side, purchased tokens sit as a liability until you spend them, earned commission is booked as an expense when it accrues, and promotional tokens only touch the books when it is actually redeemed.
Start earning on what you already do.
Open your wallet, or talk to us about a partner arrangement that fits how you actually work.