4. Reward System
4.1 Reward System
Each qualified purchase earns you reward points.
$1 worth of purchase earns you 100 reward points
Tier levels increases your rewards with reward multipliers
4.2 Tier Levels
Tier levels represent the user's status or rank within the platform. Tier levels are purely based on the holdings of the $GIFT token at any point in time. Weekly average holding is taken into consideration when evaluating Tier levels.
For example, if you hold $GIFT in the below scenario
Day1: 0.5M $GIFT
Day2: 5M $GIFT
Day3: 2M $GIFT
Day4: 0 $GIFT
Day5: 0 $GIFT
Day6: 1M $GIFT
Day7: 3M $GIFT
Weekly Average = 10.5M/7 = 1.5M $GIFT
Tier Level = Silver
Tier Hierarchy:
NewBie (0 - 1M $GIFT):
$1 Fee for buying Giftcard
Entry into 1 Raffle per day
1X Reward multiplier
No Auctions/bidding
Silver (1M - 2M $GIFT):
0.5$ Fee for buying Giftcard
Entry into 2 Raffles per day
2X Reward multiplier
1$ Entry fee for auction/bidding
Gold (2M - 5M $GIFT)
No Fee for buying Giftcard
Entry into 5 Raffles per day
3X Reward multiplier
Zero entry fee for auction/bidding
Platinum (5M+ $GIFT)
VIP status.
No Fee for buying Giftcard
5X Reward multiplier
Zero entry fee for auction/bidding
Entry into Premium Auctions
Yearly $100 Free Gift Card of choice
Early access to Beta features
Participation in the token governance ( DAO )
Email/chat support
4.2 Redeem Rewards
WIP - Will be updated soon.
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