All users (new and existing) who have completed KYC are eligible to participate in the Abra Perx reward program and receive CPRX. As a reward for activity before Nov 15, 2021, users have received an airdrop of CPRX. In the Abra app, users will begin to see these CPRX distributions reward tracking starting Nov 15, 2021. Just click the rocket icon in the upper right-hand corner of the Abra app to join the program.
- A user will have to complete Global KYC (if they haven’t already done so).
- Agree to join the Abra Perx rewards program 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.
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.
- Starting November 15, 2021, CPRX rewards will be distributed to user's wallets every Tuesday and Friday.
CPRX will also be supported on our Trade product and listed on exchanges so you can trade assets for it as well. The pricing of CPRX is determined by the market because CPRX is openly traded on exchanges.