The token allocation formula explained
Points used for the Season redemption times Holder multiplier divided by the sum of all redemptions for the season. This gives you a share of the total pool which in Season 2 is 2% so 200 million $SOCIAL.

There is no direct exchange rate between Points and Tokens and your Points x Multiplier number is not a sum of Tokens but a share of the total. A simplified example: You are a Level 5 user who redeems the full 250k Points in Season 2 and you also hold your Season 1 Phairdrop of 110k $SOCIAL which gives you a multiplier of 3x growing your total share to 750k. If we assume this number combined with others results in 750M, your share would be 750k/750M so 0.1%. In a Season of 200M tokens this would mean 200k $SOCIAL as your Season 2 allocation