Abra has partnered with select ecosystem members to promote a new foundation called Crypto Banking Alliance (CBA) with the objective to democratize global banking, which strongly aligns with Abra’s vision to create an open, global financial system that is easily accessible to everyone.
CBA will grant its members (including Abra) a number of Crypto Perx (CPRX) with the objective to significantly boost adoption and usage of retail crypto banking capabilities across its ecosystem. There will be a total of 3 billion Crypto Perx (CPRX) tokens created by the Crypto Banking Alliance with 1 billion granted to Abra to drive Abra Perx (Abra’s reward program). Abra anticipates that CPRX will be listed on several cryptocurrency exchanges and DEX liquidity pools.
Abra Perx is designed to reward Abra’s users for qualifying activities they perform on our platform. It does so by rewarding users with a number of utility tokens (Crypto Perx - CPRX) for completing those activities. Crypto Perx (CPRX) can in turn be used to reap additional benefits on Abra’s platform.
The token distribution is based on a proprietary algorithm looking at all of your historical usage on Abra as well as your usage all the way up to the launch of Crypto Perx (CPRX). Actions taken between now and November 15, 2021 will be weighed more heavily.
Crypto Perx (CPRX) is an ERC-20 token and will work with a variety of wallets.