SimpleSwap unveils loyalty program with BTC cashback rewards
Simple SwapThe popular cryptocurrency exchange platform was recently announced. Loyalty Program Upgrade, promising users Bitcoin cashback rewards for their transactions. The goal of this initiative is to reward SimpleSwap customers for their continued commitment to the platform.
A closer look at new loyalty program features
Previously, SimpleSwap offered SWAP tokens as part of its rewards system. However, as of February 29, 2024, these tokens have been phased out in favor of a more streamlined and beneficial system that offers BTC cashback. These changes reflect SimpleSwap’s ongoing efforts to adjust and improve user rewards based on customer feedback and market trends.
The loyalty program now operates at: level based system The BTC cashback amount you receive here will depend on your exchange volume. For example, upon signing up and making your first exchange, users will automatically achieve the Bronze level and start accruing cashback. An important thing is – Once reached, Your loyalty level remains forever.
When users increase their exchange volume Within a 90-day rolling periodThey can rise to higher levels.Silver, Gold, Platinum—Increased cashback rates are offered for each product.
The 90-day exchange amount required for each level is as follows:
- Level 1 (Bronze): 0 BTC
- Level 2 (Silver): 0.25BTC
- Level 3 (Gold): 1.5 BTC
- Level 4 (Platinum): 10 BTC
The cashback you receive at different levels is as follows:
- Level 1 (Bronze): 0.05%
- Level 2 (Silver): 0.1%
- Level 3 (Gold): 0.2%
- Level 4 (Platinum): 0.4%
SimpleSwap ismoving window‘ We use a transaction volume approach to ensure that only transactions over the past 90 days affect a user’s loyalty level. For example, a user initially trades 0.1 BTC and is placed at the Bronze level.
Two months later, they came back and traded another 0.1 BTC. Now the total for the last 90 days is 0.2 BTC.
Program Benefits and Future Plans
Each loyalty level offers a unique cashback percentage ranging from 0.05% for Bronze up to 0.4% for Platinum. These rewards are designed to provide notable benefits to loyal users of the platform. SimpleSwap also maintains: The minimum withdrawal amount at all levels is 0.006 BTC.We ensure that users can easily access their accumulated cashback.
In the future, SimpleSwap hints that its loyalty program will be further enhanced, with new benefits currently in development.
summary
SimpleSwap’s revamped loyalty program demonstrates the platform’s commitment to user satisfaction and market leadership in the cryptocurrency exchange industry. By switching from SWAP tokens to a BTC cashback system, SimpleSwap is setting a new standard for loyalty rewards in the cryptocurrency space. Users can join the loyalty program and enjoy the various benefits it offers.
This is a press release distributed by a third party, and BitDegree is not responsible for any content on these pages or any related materials, advertising, promotions, accuracy, quality, products or services. Before making any decision or taking any action, readers are encouraged to do their own research. BitDegree will not be liable for any loss or damage, direct or indirect, related directly or indirectly to the use of any product, service or content contained in the press release.
