To encourage users to hold their funds in AirUSD, Airtm provides a monthly loyality reward paid in AirUSD. For users that hold funds in their Airtm wallet throughout the month, Airtm rewards them by providing a 1% annual rate reward paid monthly.
More about the Monthly AirUSD Loyaly Reward:
- Monthly AirUSD loyalty rewards pay 1% annual rate on your average AirUSD daily balance of the previous month.
- AirUSD balances are taken at 11:59pm UTC daily, summed and then divided by the number of calendar days in the previous month.
- To apply the 1% annual rate, multiple your average daily AirUSD balance by 1% over 1 month out of 12 months.
- Minimum monthly loyalty reward payment is $0.01.
- Monthly AirUSD loyalty rewards are paid during the first week of each month.
- Eligible for users in all countries except Mexico.
Reward payment example:
If you had $1000.00 at the start of February, then on the 10th you withdrew $100, on the 20th you received $200, and on the 25th you sent $50, your average daily balance would be $962.50:
1st - 9th: $1000
10th - 19th: $900
20th - 24th: $1100
25th - 28th: $1150
((1000*9)+(900*10)+(1100*5)+(1150*3))/28 = $962.50
To then apply the 1% annual rate, $962.50 *(.01/12) = $0.80 AirUSD loyalty reward.