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Reward Farming
Send money to others on the PIP extension. Earn PIP tokens. PIP has an interactive token distribution model. Users who send tokens to other users with PIP extension, earn regular rewards of $PIP token. The goal is to accelerate the transition to Web3 by attracting more users. Rewards may be subject to user-specific limits.

General Rules

  • Reward farming period: Rewards are calculated daily, based on the past 24 hoursโ€™ transaction activity. ( 00:00 UTC )
  • Reward distribution: Daily farming rewards will be distributed to users in 6 hours after the end of each day.
  • All the rewards will be calculated based on successful transactions.
  • Refunds, Pending or Cancelled transactions will not be included to reward farming calculations.
  • Transaction time is based on the receiver's receiving time.
  • A notification will be sent in advance if any changes occur to reward farming (rate, etc.).
  • A user can earn a maximum of 200 PIPs with daily rewards.
  • Daily PIP reward limits may change due to user participation and the balance of the farming system.
  • PIP.ME transactions have no fees and are not included in Farming Rewards.
  • PIP token transactions are not included in Reward Farming.
Multi-use of wallet addresses and social media profiles are not allowed. The users who try to exploit or abuse the system will be banned permanently from the PIP ecosystem.

How are rewards calculated?

Rewardable Actions

  • Send money with PIP extension on supported platforms
  • Spend money with PIP extension on supported platforms
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UserReward=(IndividualPoints/AllPoints)โˆ—DailyRewardUser Reward = (Individual Points / All Points ) * Daily Reward
IndividualPoints=NetworkRateโˆ—VolumeRateIndividual Points = Network Rate * Volume Rate

A. Network Rate

Applicable only for Send/Spend transactions.
NetworkRate=Platform/Tagโˆ—Referralโˆ—NewMemberNetwork Rate = Platform/Tag * Referral * New Member

1. Platform / Tag Rate

Point rates are based on which channel is used for the transaction.
Twitter
1
Twitch
1
Reddit
1
PIP Tags
1
.sol Domains
1
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2. Referral Rate
The referral rate is applicable when the receiver (based on the platform) receives "for the first time" through "PIP escrow".
Accounts that have been connected to PIP at least once are not eligible.
Tag and .sol payments are not included in the referral rate.
Successful Transaction
3
Default
1
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3. New Member Rate

The new member rate is applicable when the user succeeds in sending a transaction to the new counterpart (based on a social platform account)
Each time you send tokens to the same user, the new member rate will be decremented by 1.
Tag and .sol payments are not included in the new member rate.
Max
3
Min
1
Default
1
Example
Transaction
Rate
1st
3
2nd
2
3rd
1
4th
1
++
1
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B. Volume Rate

Users who have a higher volume will get higher points.
VolumeRate=AssetRateโˆ—FeeRateVolume Rate = Asset Rate * Fee Rate

1. Asset Rate

SOL, USDC, RAY, SRM, FIDA, KIN, WOOF, SDOGE, ZBC, MEAN, ORCA, DUST, ATLAS, BNB, BUSD
1000
Others
1
PIP
0
PIP transactions are not included in Reward Farming.
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2. Fee Rate
TransactionAmount(USD)โˆ—0.01Transaction Amount ( USD ) * 0.01
  • Fees are applicable only for sending money.
  • Processing fee is %1
  • The fee is collected by the asset to be transmitted.
  • PIP foundation will burn the PIP tokens which acquired through PIP transactions

Claiming Rewards

You can claim your rewards after 02:00 am ( UTC ) any time from the PIP extension. You need at least 1 PIP as collectible reward to claim. Claimed rewards will be sent directly to your PIP wallet address. Any rewards you don't claim will still be available the next day.
Last modified 1mo ago
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How are rewards calculated?
A. Network Rate
B. Volume Rate
Claiming Rewards