I'm trying to understand how the 25% annual uprate on token issuances is applied in the FlexUp model. Specifically:

• Is the uprate compounded annually based on the project's start date (i.e., a global uprate for all tokens issued),
• Or is it calculated individually for each participant based on their own entry date (i.e., when they received their tokens or joined the project)?

Clarification on this point would help me understand how long-term participation is incentivized and how token value evolves over time for different contributors.

Thanks in advance!