Public Mint Loyalty Royalty
The EARN Loyalty Program is finally here, complete with early bird rewards, benefits-bearing NFTs, and up to 15% extra APY
After last week’s teaser, it’s time to get the ball rolling with the Public Mint EARN Loyalty program.
This first version of EARN Loyalty will be rolled out in three phases. Each phase will incrementally add new rewards to the mix, adding up to a whopping 15% on top of the base APY rate on deposited USD when the program is fully implemented.
Not bad, right?
Phase 1 | Early bird gets the EARN: 5% bonus
As promised, we’re kicking off with a nod to early birds — a nice, non-fungible nod, that is.
Starting on February 14th and extending until March 31st, everyone who deposits $250 or more on EARN until March 31st and keeps it there until April 30th will be eligible for a flat 5% APY bonus on their USD deposits — that is, on top of the base rate.
This bonus will be paid daily in MINT tokens, at the current dollar value at the time of each payment.
But that’s not all. To cement this, at the end of the qualifying period, all eligible users will be awarded an exclusive NFT, the bearer of which will always be entitled to some benefit — starting with the 5% flat bonus at least until the end of the year.
Keeping with the spirit of flexibility, this EARN-FT will be fully transferable (meaning its owner will be able to send it to friends, or trade it in upcoming NFT Marketplaces on the Public Mint network, like NFTSmasher).
Plus, we’ll make sure it looks cool on your wallet.
The main goal of this first stage — besides rewarding those who have believed in us from the get-go — is to bootstrap liquidity into the EARN program by incentivizing more (and larger) deposits.
Phase 2 | Tiered EARN Loyalty
The second stage will kick in after the Early Bird period is over, and it’ll introduce a tiered approach to rewards — adding up to a maximum of 10% APY bonus.
From April onwards, EARN Loyalty will introduce not one, not two, but THREE boosts to the APY on USD deposits:
- Proportional to the USD they hold on EARN (this will replace the flat 5% for early birds, except for NFT holders);
- Proportional to the amount of MINT tokens they hold;
- Flat bonus for opting to receive 100% of the yield in MINT tokens.
These boosts are cumulative, so you can leverage several different ways to maximize your APY. And the more you put in, the more you get out!
Phase 3 | Time-based Rewards
Once Phase 2 kicks in, the clock will start ticking for EARN Loyals to be eligible for the final bonus: time-based rewards.
These are pretty straightforward: the longer you keep your USD on EARN, the greater your APY will be.
The goal for this stage is pretty much self-explanatory: to reward long-term liquidity. Longer, more predictable deposits are great for the health of the system, so long-term savers will be rewarded accordingly.
Here’s a quick summary of all three phases:
Become Loyalty Royalty
So, exciting times ahead, and we’re happy to have you on board for the ride!
As for dates and details on the next phases, stay tuned: we’ll keep you posted. Make sure to follow us on FTX/Blockfolio or join our Telegram group, so you’ll be one of the first to know.
In the meantime, don’t miss your chance to join the early bird bandwagon. Make a deposit to get an exclusive NFT that will grant you lifelong benefits.
About Public Mint
Public Mint is an open and complete blockchain platform for fiat money, where funds are fully collateralized and held on deposit with regulated, FDIC-insured institutions. Public Mint offers an open, fiat-native blockchain and APIs, ready for anyone to build fiat-based applications and accept credit cards, ACH, wire transfers, stablecoins and more. On top of that, the Public Mint EARN platform offers users automated and diversified returns on USD assets, leveraging the power of blockchain and DeFi.
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Terms and conditions
- Only those who deposit USD on EARN are eligible for rewards
- Rewards will be paid daily in MINT tokens, at its current dollar value, and proportional to the APY (annual percentage yield) of the corresponding bonus
- Public Mint reserves the right to alter or cancel this promotion at any time
