This is also a threshold to add VIP levels, which is something I had mentioned earlier. This becomes an added benefit for users who hold funds in (1) Compound Earn and (2) Coin Liquidity, since those funds count toward the VIP level and the corresponding benefits. The "slab" for VIP 1 is $1000 and for VIP 2 is $5000 (okay the level threshold is quite high, I won't say it's cheap).
VIP status is calculated real time, so the 1-minute accrual in Compound Earn will see a positive change as soon as incoming deposits are received in the system.
There are 2 current benefits (more coming soon)
1. Discounted withdrawal fees. So at VIP L2 it's ZERO withdrawal fees
2. Increased 'Compound Earn' rate - so you can 'compound' the compounding using this
VIP 0 = (base rate), currently 19.5%
VIP 1 = (base rate + 0.1)% so currently 19.6%
VIP 2 = (base rate + 0.25)% so currently 19.75%
VIP 3/4/5 = coming in future.
There will be other benefits for our VIP members. I will announce these periodically. Hopefully we are able to add the major things before August, we were hoping to do a Full Launch in August!!!
VIP status is calculated real time, so the 1-minute accrual in Compound Earn will see a positive change as soon as incoming deposits are received in the system.
There are 2 current benefits (more coming soon)
1. Discounted withdrawal fees. So at VIP L2 it's ZERO withdrawal fees
2. Increased 'Compound Earn' rate - so you can 'compound' the compounding using this
VIP 0 = (base rate), currently 19.5%
VIP 1 = (base rate + 0.1)% so currently 19.6%
VIP 2 = (base rate + 0.25)% so currently 19.75%
VIP 3/4/5 = coming in future.
There will be other benefits for our VIP members. I will announce these periodically. Hopefully we are able to add the major things before August, we were hoping to do a Full Launch in August!!!
Good to hear that things are changing and moving forward to the "Non Beta" version.
I just checked your ToU/ToS, and I see that any deposit in the "Compounding Earning" program of more than $500 will automatically be canceled within a 24-hour frame. So, there is a limit, and it isn't as large as you said earlier ($5,000 or $10,000). Can you please explain which is correct?