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Where/how or with which NPC can I exchange my Theon "points" accumulated during 25th Anniversary events?
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Question unflagged. It is a scheduled event and soon it will be a relevant question for the community.

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This is the most up to date info (will edit if it changes)

...about one week after the Pantibian Festival (May 18, 2022) takes place. At that time, we will also implement the opportunity to exchange Theons for deco items related to the 25th anniversary, including several new items. - Sneak Peek on Pantibian Festival