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The exact formula was:
yearActivity = activity in the last ~year, max 378
freeMerit = the merit (not sMerit) you started with
modifier =
0.1 if member
0.2 if full member
0.25 if sr member
0.35 if hero
0.4 if legendary
return (yearActivity/378) * modifier * freeMerit
So the most you could get is if you were a Legendary who maxed out your activity points in the last year, in which case you would get 1 * 0.4 * 1000 = 400 sMerit.
Note that I later made an adjustment giving 500 extra merit to some hero members, but no extra sMerit was given here.
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That gives us as maximum potential initial airdropped sMerits per rank of:
Member: 10 * 0,1= 1 sMerit
Full Member: 100 * 0,2= 20 sMerits
Sr. Member: 250 * 0,25= 62 sMerits (floored)
Hero Member: 500 * 0,35= 175 sMerits
Legendary : 1000 * 0,4= 400 sMerits
That was the potential maximum, but the real value for each case, as per the above formula, varied depending on their activity over the prior year.