A new and exciting opportunity to earn crypto has just arrived! Abra is proud to announce the launch of Abra Perx, a unique rewards program exclusively for Abra users.
The Crypto Banking Alliance (CBA) and Abra partnered to offer the Abra Perx rewards program powered by CPRX.
CPRX is the CBA’s utility token that is designed to promote the safe adoption and application of cryptocurrency on wealth management platforms. Abra received a grant of CPRX from the CBA, and 100% of the token grant is going directly to Abra users.
On November 15, Abra will airdrop 150 Million CPRX to users. But, you don’t have to wait until then to get started earning CPRX.
You can earn CPRX today for completing actions in the Abra app leading up to the launch. In fact, if you refer a friend to the app you both can earn CPRX.
Intrigued? Here’s an overview of how to earn CRPX daily on the Abra app.
Earning CPRX is Easy, Just Start Using the App
What’s more, each user will receive rewards in the form of cashback on trades, bonus yield, negative loan interest, and more.
Any user who has completed identity verification and accepted the terms and conditions is eligible for Abra Perx rewards for using Abra’s products and services.
Check Out All of the Ways You Can Earn CPRX
From now until January 15, 2022, all users will be able to earn the CPRX ERC-20 token through the in-app activities outlined below. During the launch period, reward rates are the same across the board for all users, regardless of the amount of funds held on Abra.
Don’t Miss the Airdrop
About 5% of the CPRX total supply will be airdropped to Abra users at launch. You can start earning today by completing in-app actions and referring friends.
Abra users have 60 days to claim CPRX from the airdrop. Users can claim airdropped tokens by completing identity verification and joining Abra Perx in-app. After 60 days, any unclaimed CPRX will be returned to the original pool.
Anyone who used Abra before the introduction of (Know Your Customer) KYC has earned CPRX for previous in-app activity. However, new users who haven’t completed KYC will need to do so before they can claim CPRX rewards.
Earn Cashback on Trades
Abra Trade transactions will be rewarded with cashback paid in CPRX. For a limited time, during the launch period only, users will get 2.5% cashback on every trade. Rewards are earned for every trade and paid out twice a week.
Bonus Yield On Lending
Abra Earn accounts will be rewarded with bonus yield paid in CPRX. During the launch period only, users will get 5.0% APY bonus interest on all interest-earning assets. Bonus yield will be paid on the same weekly schedule as Abra Earn interest payments.
Negative Loan Interest On Borrowing
Abra Borrow loans will be rewarded with negative loan interest paid in CPRX. For a limited time, during the launch period only, users will get paid -5.0% APY to hold a loan. Rewards are based on the outstanding balance of the loan and will be paid out once a month.
In addition to the everyday rewards listed above, Abra will run time-bound promotions that will help users earn additional CPRX rewards. An example of this type of promotion is rewarding first-time users who fund their accounts.
Refer a Friend and Earn $25 in CPRX
Users can earn $25 in CPRX for referring a friend to use our app! Users may log in to their Abra app to get a personalized referral link. When a friend uses the link to download and fund their account with $15 and holds the balance for at least one month, both the user and the friend will get a $25 reward paid in CPRX. Referral rewards are paid out twice a week.
Post-Launch Abra Perx Loyalty Tiers
All the ways you can earn CPRX during the launch period are outlined above, but what happens after November 15? There will be plenty of chances to continue earning CPRX!
After the launch period, Abra Perx will move to the loyalty tier system outlined in the chart below. As users hold more CPRX, they qualify for greater rewards.
Rewards rates are subject to change. Abra will continuously observe market conditions to verify that the loyalty tier system is in alignment with our users’ expectations.
Earn CPRX Today in 3 Easy Steps
- Download the Abra app and complete identity verification.
- Fund your wallet using any of the four account funding options.
- Start using Abra today to trade, earn, and/or borrow crypto. Earn extra rewards by participating in the refer-a-friend program.
For more information about CPRX and Abra Perx download the whitepaper.
The post How to Get Free CPRX Tokens! Abra Launches New Rewards Program appeared first on Abra.
Original author: Abra Global
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