I have a question
if all the 0,5% fee is burned, where does the money of the cashback come from?
Does the whitepaper mentions this?
Thanks
Hi. Yes, it is within our white paper.
Crypterium users tokenback shall be distributed through an independent Monthly Loyalty Fund (MLF). A specific part, based on Crypteriums margin generated by a specific merchant, of every crypto-to-fiat payment made via Crypterium in the currency of payment shall be allocated to the general loyalty fund. Crypterium shall then openly acquire CRPT tokens available in the secondary market for the funds generated during the month. These are our marketing expenses used to promote and improve user payment activity. Subsequently, the Monthly Loyalty Fund shall be split into 4 parts based on 4 user groups (Bronze 5%, Silver 10%, Gold 35%, Platinum 50%). Finally, tokens will be transferred to the Crypteriums user account as a proportion to his/her user group fund. The proportion of tokens will be measured as follows: The proportion of all crypto-to-fiat payments made by a specific user within a specific month, from the amount of crypto-to-fiat payment generated by the entire user group for a particular month. In total, up to 30% of Crypteriums merchant generated income will form the Monthly Loyalty Program Fund, designed to motivate our users to make more transactions in the app and encourage the most active users.