All users (new and existing) are eligible to participate in the Abra Perx reward program and receive CPRX. As a reward for activity before Nov 15, 2021, users will receive an airdrop of CPRX. You will begin to see these tokens in-app and rewards tracked by actions starting Nov 15, 2021.
- A user will have to complete Global KYC (if you haven’t already done so).
- Agree to join the rewards program (we are calling the rewards program Abra Perx) to redeem their rewards.
- There will be a number of qualifying activities you can complete to receive more CPRX.
What activities qualify for earning token rewards?
Referral Program Users can earn CPRX when their personal referral link is used to download the Abra app, KYC has been completed, $15 or more has been deposited into that new account and funds are held for 30 days. Loyalty Program
Abra will have loyalty tiers based on the amount of CPRX held in your wallet and the amount of time held in your wallet.
The higher the loyalty tier is and the higher the amount of CPRX you will earn for each qualifying activity.
For the first 60 days starting November 15, all users will receive our highest rate of rewards. Specific details will be announced mid October.
Trades Cashback The reward for executing a trade. Rewards are earned for every trade and paid out semi-weekly. Bonus Yield The rewards for holding funds in and Abra Interest account. Paid out on the same schedule as regular Earn interest payments i.e. weekly. Negative Loan Interest The reward for holding a loan. These rewards are based on the value of the loan you hold and will be paid out monthly. Promos These are special campaigns where a user is rewarded for specific actions with time-bound conditions.
A user will see CPRX earned as “Pending” in their wallet as soon as they perform any qualifying activity on Abra.
- CPRX will be available to use within 3-5 business days of earning them (This will only occur after the launch on Nov 15th, 2021).
CPRX will also be supported in our Trade product and listed on exchanges so you can trade assets for it as well. The pricing of CPRX will be determined by the market when CPRX is listed on an exchange
How can I increase my CPRX?
For the first 60 days after Abra Perx launches (Nov 15th, 2021), all users will earn CPRX at an accelerated rate. After the 60 day launch period is over, users may earn a higher rate of rewards, by holding Crypto Perx (CPRX) to be placed into loyalty tiers.