Wallet launches Earn Campaign, allocating $30M for the project

Wallet has announced that it will launch Earn Campaign for interested users. It is aimed to attract investors who can store a considerable amount of USDT in the Wallet Earn Account. Once they store USDT in Wallet, they will become eligible for the rewards. 

Earn Campaign

Wallet is a cryptocurrency service where users can buy, sell, or exchange currency. It is a fast and reliable service that doesn’t charge any fee for transactions. Wallet is an easy-to-use service where USDT and TON can be sent directly via Telegram chats. In addition to other features, it also offers support for multicheques. Due to this service, users can send cryptocurrency to multiple users in chats, adding to the benefits of it. 

This service has also P2P market facilities available which the users can benefit from. Interested customers can view the Wallet News channel to get further details about the company. They can get news updates from here, and see upcoming giveaways, and rewards. 

As the mentioned company has announced the Earn Program, a whopping amount of $30 million (5 million TON) has been allocated for this purpose. Interested users will be able to utilize storage facilities under this program from 1 May 2024. 

Those who participate in the program will be able to get benefits based on the stored assets. According to available information, participants can get up to 50% APY (annual percentage yield). They need to store USDT in Wallet while the maximum number of USDT that can be stored is up to 3000. 

Participants can start with any amount and will be able to add more USDT if they want. Rewards will be available on a daily basis and will be calculated based on the remaining balance. They can withdraw the rewards on a daily basis or the close of deposit. 

Furthermore, the interest will be deposited in the TON ecosystem. While the users can also withdraw funds or interest generated at any time. 

What are the Wallet rewards program terms and conditions?

Some certain terms and conditions will be applicable if a participant joins the rewards program. Firstly, only those would be able to participate in the rewards program who are users of Wallet. If the level of the identification of the user is basic, they will be able to claim their rewards once they progress their level.  

If a user has been blocked, restricted, or faced limited conditions due to policy violations, they won’t be able to participate in the rewards program. The users will be able to deposit their USDT as Campaign Deposit Balance. Furthermore, users will be able to withdraw their balance anytime. 

There is no option for partial withdrawal of the balance. The maximum number of USDT deposited is 3000 which can’t be exceeded. 

What are the rewards?

The users will be able to reap their rewards based on the deposited USDT. Rewards will be accrued on a daily basis. The rewards are offered on the APY structure where the participants are rewarded based on their commitment to the program.

The amount of rewards has been mentioned as it amounts to $30 million and the program will cease once the reward amount ends. Rewards will be paid out in TON and the prevailing USDT/TON exchange rate will be applied. 

Conclusion

Wallet has launched a reward campaign in order to attract USDT deposits. There are certain terms and conditions which will be applicable to be eligible for the rewards. Once the total amount of reward allocated money is exhausted, the program will come to an end.