Refraction intends to use this grant to conduct further tokenomics research into an Experience Token, which will unite our onchain and offchain experiences into a frictionless ecosystem at future Refraction events and ultimately across the world through our global network of cultural partners - with collective ownership at its core. 

As this project is in the early stages, we would have achieve our goals upon the successful launch of an Experience Token within the next 18 months. In the longer run, success will be measured by widespread use of the token across a wide and diverse audience base, as well as partnerships with institutions, festivals, venues and collectives in every major city across the globe.