Cashback Rewards
Last updated
Last updated
The cashback rewards program is a cornerstone feature of the VOLT Card, designed to enhance the value and utility of every transaction made by users. Here, we delve into the specifics of how the cashback system works, highlighting its unique benefits and the mechanisms that make it both rewarding and sustainable.
Earning Cashback:
Transaction-Based Rewards: Users receive cashback in $VOLT tokens for every eligible purchase made using the VOLT Card. The amount of cashback is calculated as a percentage of the transaction value, with the rate depending on the user’s card tier.
Rates by Tier:
Spark Tier: 5% cashback in $VOLT tokens.
Surge Tier: 7% cashback in $VOLT tokens or 3% in Bitcoin (BTC), based on user preference.
Bolt Tier: 10% cashback in $VOLT tokens or 5% in Bitcoin (BTC).
Redemption of Cashback:
Automatic Credit: Cashback is automatically credited to the user’s wallet in $VOLT tokens (or BTC if chosen) after each transaction. There is no minimum threshold for redemption, making every transaction instantly rewarding.
Use Cases for Cashback: Earned cashback can be used just like regular $VOLT tokens; it can be spent, saved, or staked within the VOLT ecosystem.
Direct Financial Benefits: The high percentage rates of cashback ensure that users derive substantial financial benefits from regular card usage, reducing the effective cost of purchases.
Flexibility in Rewards: Users have the choice to receive their rewards in $VOLT tokens or Bitcoin for Surge and Bolt tiers, offering flexibility based on their investment strategy and market outlook.
Encourages Usage: The attractive cashback rates incentivize users to prefer the VOLT Card over other payment methods, increasing transaction volumes and thereby supporting the overall health and liquidity of the $VOLT token.
Funded by Transaction Volumes: A portion of the transaction fees collected from merchants accepting the VOLT Card is allocated to fund the cashback rewards pool. This model ensures the sustainability of the cashback program without depleting the operational reserves of the VOLT ecosystem.
Dynamic Rate Adjustments: To maintain the viability of the cashback system in varying economic and market conditions, the cashback rates are subject to periodic reviews and adjustments. This ensures that the rewards remain attractive to users while keeping the system economically sustainable.