Calling all PYUSD token holders to join the PYUSD Flash Rewards campaign, where each user can allocate up to 5,000 PYUSD! Earn an attractive reward of 7% p.a. on PYUSD for a 14-day allocation. The promotion ends on 6 October 2023, or when the aggregate campaign cap of 3,000,000 PYUSD is met — so hurry and don’t miss out!
What is Flash Rewards?
Flash Rewards is a feature within Crypto Earn that allows users to earn a promotional rate on a specified token. The Flash Rewards rate for that token will only be available for a limited time, and users only have to lock up their allocations for specified term lengths (e.g., seven-day or 14-day terms).
PYUSD Flash Rewards Campaign
The campaign is only available for Crypto.com App users in select jurisdictions*. More details below:
- Campaign Coin: PYUSD
- Campaign Period: 22 September 2023, 10:00 UTC – 6 October 2023, 10:00 UTC
- Lockup Term Length: 14 days
- Rewards Rate: 7% p.a.
- Max. Allocation Per User: 5,000 PYUSD
- Min. Allocation Per User: 25 PYUSD
- Aggregate Campaign Cap: 3,000,000 PYUSD
- Campaign Eligibility:
- Flash Rewards allocations will not count towards the tiered rewards quota; users who have reached their Tier 1 quota, but have not surpassed the Earn allocation maximum, are eligible for the Flash Rewards promotional rate.
- However, users who have reached the Earn allocation maximum will not be eligible to participate.
- Users are allowed one active Flash Rewards program at a time.
*The PYUSD Flash Rewards campaign is not available for residents of the United States, United Kingdom, Japan, or Korea, and is not available for residents of countries in which Earn is not available. (See here for more information.)
To find out more about the campaign, visit our Help Centre.
PayPal USD (PYUSD) is a stablecoin that is fully backed by U.S. dollar deposits, short-term U.S. treasuries, and similar cash equivalents, and can be redeemed 1:1 for U.S. dollars. PYUSD is an ERC-20 token issued by Paxos Trust Company on the Ethereum blockchain. The stablecoin aims to provide inclusive and broad access to the financial system, and enable fast and efficient money movement. It is designed to have a steady value over time relative to the U.S. dollar, and is programmable, offering developers a functional digital currency that can be built into public blockchains, and help link the traditional economy and Web3.
Tap the ‘Flash Rewards’ banner on your App’s home screen and start earning now!
- The PYUSD Flash Rewards Campaign is offered by Crypto.com to Crypto.com App users only.
- The PYUSD Flash Rewards Campaign is not available for residents of the United States, United Kingdom, Japan, Korea, or countries in which Crypto Earn is not available. (See here for more information.)
- The Campaign commences on 22 September 2023, 10:00 UTC and ends on 6 October 2023, 10:00 UTC, or when the aggregate Campaign cap of 3,000,000 PYUSD has been reached, whichever occurs earlier.
- Users must have successfully completed KYC verification and all other onboarding procedures specified in the Crypto.com App to be eligible.
- Users who have already reached or exceeded their Earn allocation limits are ineligible.
- The principal and reward amounts will be automatically credited to the user’s Crypto.com App PYUSD Wallet upon maturity.
- The links provided above to helpful information are for reference only.
- Crypto.com reserves the right to cancel the Campaign or amend the Campaign mechanics or rules at any time at our sole discretion without prior notice to you.
- By accepting the rewards, winners agree to the Privacy Notice of Crypto.com, which is published at https://crypto.com/en/privacy/global.html.
- In the event of any dispute, Crypto.com reserves the right to make all final decisions regarding the Campaign.