The WLFI project is preparing for launching a new loyalty program for USD1 Stablecoin holders in which selected partners and a point system are involved. This is how holders can earn points.
Summary
- World Liberty Financial will soon be launching a reward program for USD1 Stablecoin holders.
- Users can earn points by maintaining, acting, using and using both USD1 and other resources.
According to a recent position of World Liberty Financial, the program will launch with a selected group of partners with whom the project will work together from the crypto exchange space. Although the project has yet to reveal the launch date for his reward program, it has unveiled hints for holders who are interested in it.
“USD1 Points program is coming! We are preparing for a new loyalty program that is built exclusively for USD1 – starting with selected partners,” wrote the project in its post.
WLFI explained that the Loyalty Rewards program will be exclusive to USD1 holders and will function in the same way as loyalty programs used by major brands in the United States, such as aviation mines and hotel points earned by reservations and flights.
“We bring a similar model as a crypto to reward our valued users,” said the project.
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The aim of the program is to offer direct stimuli for USD1 holders to encourage adoption in the WLFI ecosystem. The USD1 Points program drives users to use the USD1 Stablecoin to earn points through specific crypto exchange partners.
How to earn points for the WLFI reward program
With the USD1 Points program, eligible users can earn rewards by participating in a series of activities on different partner platforms.
Every crypto exchange partner will inform users about the specific suitability criteria and full details about earnings as soon as the program has been launched. Although the project has only revealed details for now about what users can expect from the program.
Initially, USD1 holders can earn points by trading USD1 pairs on selected partner fairs and by maintaining USD1 in their balances.
In addition, users can also earn points by setting up USD1 to earn yield on eligible platforms. Users can also earn reward points by using USD1 in approved Defi protocols. In addition, as soon as the WLFI mobile app has been launched, holders can earn points by participating in functions in the app.
Details about how points are calculated and granted vary depending on the platform, and full guidelines will soon be announced by both WLFI and partner platforms.
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