Note: As of May 31, 2022, Abra Perx has been paused. Abra Perx rewards mentioned in the article below are no longer active. New ways of using CPRX are planned for the future. We will publish updated details at a later date.
A new and exciting opportunity to earn crypto has just arrived! Abra is proud to announce the launch of Abra Perx, a unique rewards program exclusively for Abra users. The Crypto Banking Alliance (CBA) and Abra partnered to offer the Abra Perx rewards program powered by CPRX. CPRX is the CBA’s utility token that is designed to promote the safe adoption and application of cryptocurrency on wealth management platforms. Abra received a grant of CPRX from the CBA, and 100% of the token grant is going directly to Abra users. You can earn CPRX today for completing actions in the Abra app leading up to the launch. In fact, if you refer a friend to the app you both can earn CPRX. Intrigued? Here’s an overview of how to earn CRPX daily on the Abra app.
Earning CPRX is Easy, Just Start Using the App
Earning CPRX is easy. Abra users will receive CRPX for using the app including — depositing funds or using Abra Trade, Abra Earn, or Abra Borrow. What’s more, each user will receive rewards in the form of cashback on trades, bonus yield, negative loan interest, and more. https://www.youtube.com/watch?v=bA2h9Nhxnz0 Any user who has completed identity verification and accepted the terms and conditions is eligible for Abra Perx rewards for using Abra’s products and services.
Check Out All of the Ways You Can Earn CPRX
All users will be able to earn the CPRX ERC-20 token through the in-app activities outlined below. The rates below are accurate as of January 15, 2022, onward.
Don’t Miss the Airdrop
About 5% of the CPRX total supply will be airdropped to Abra users at launch. You can start earning today by completing in-app actions and referring friends. Abra users have 60 days to claim CPRX from the airdrop. Users can claim airdropped tokens by completing identity verification and joining Abra Perx in-app. After 60 days, any unclaimed CPRX will be returned to the original pool. Anyone who used Abra before the introduction of (Know Your Customer) KYC has earned CPRX for previous in-app activity. However, new users who haven’t completed KYC will need to do so before they can claim CPRX rewards.
Earn Cashback on Trades
Abra Trade transactions will be rewarded with cashback paid in CPRX. Users will get up to 0.5% cashback on every trade. Rewards are earned for every trade and paid out twice a week.
Bonus Yield On Lending
Abra Earn accounts will be rewarded with bonus yield paid in CPRX. Users will get up to 5.0% APY bonus interest on all interest-earning assets. Bonus yield will be paid on the same weekly schedule as Abra Earn interest payments.
Negative Loan Interest On Borrowing
Abra Borrow loans will be rewarded with negative loan interest paid in CPRX. Users will get up to 2.0% back for holding a loan. Rewards are based on the outstanding balance of the loan and will be paid out once a month.
In addition to the everyday rewards listed above, Abra will run time-bound promotions that will help users earn additional CPRX rewards. An example of this type of promotion is rewarding first-time users who fund their accounts.
Refer a Friend and Earn $25 in CPRX
Users can earn $25 in CPRX for referring a friend to use our app! Users may log in to their Abra app to get a personalized referral link. When a friend uses the link to download and fund their account with $15 and holds the balance for at least one month, both the user and the friend will get a $25 reward paid in CPRX. Referral rewards are paid out twice a week.
Abra Perx Loyalty Tiers
There are be plenty of ways you can earn CPRX! Abra Perx uses the loyalty tier system outlined in the chart below. As users hold more CPRX, they qualify for greater rewards. Rewards rates are subject to change. Abra will continuously observe market conditions to verify that the loyalty tier system is in alignment with our users’ expectations.
Earn CPRX Today in 3 Easy Steps
- Download the Abra app and complete identity verification.
- Fund your wallet using any of the four account funding options.
- Start using Abra today to trade, earn, and/or borrow crypto. Earn extra rewards by participating in the refer-a-friend program.
For more information about CPRX and Abra Perx download the whitepaper.
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Download the Abra app on Android or iOS to begin trading or earning interest on cryptocurrency today!Download App
Established in 2014, Abra is on a mission to create a simple and honest platform that enables millions of cryptocurrency holders to maximize the potential of their assets. Abra enables both individuals and businesses to safely and securely buy, trade, and borrow against cryptocurrencies – all in one place. Abra’s vision is an open, global financial system that is easily accessible to everyone.
Based in the United States, Abra is available in over 150 countries and makes it easy to convert between crypto and a wide variety of local fiat currencies. With over 2MM customers, $7B in transactions processed, and $1.5B in assets under management, Abra continues to grow rapidly. Abra is widely loved and trusted – in April 2022, pymnts.com reviewed and rated Abra amongst the top 5 most popular crypto wallets in the market. Abra is backed by top-tier investors such as American Express Ventures and First Round Capital.
How Abra Protects Your Funds
Abra places clients’ financial objectives and security first. Abra practices a culture of risk management across all levels and functions within the organization.
Abra employs a state-of-the-art enterprise risk management framework that comprises a comprehensive set of policies, procedures, and practices detailing all applicable risk-related objectives and constraints for the entirety of the business. Abra has instituted a complete set of requisite systems and controls that continuously enforce these policies, procedures, and practices to manage all operations, including credit and lending. Abra’s independent Risk Committee comprises experienced compliance, risk, securities, and fraud operations professionals with backgrounds in industries ranging from traditional and digital assets banking, payments, remittance, to fintech.
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