# Reward Farming
**PIP's interactive token distribution model rewards users who actively utilize PIP products including Social Pay, Payment Links, Checkout, and Invoice.** Eligible users will receive $PIP tokens daily, which will be determined based on the amount of money (except $PIP) they send through PIP products. The goal is to attract more users to Web3 to accelerate the transition. Rewards may be subject to user-specific limits.
## General Rules
* Reward farming period: Rewards are calculated daily, based on the past 24 hours’ transaction activity. ( 00:00 UTC )
* Reward distribution: Daily farming rewards will be distributed to users 6 hours after the end of each day.
* All the rewards will be calculated based on successful transactions.
* Refunded, pending, or canceled 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.).
* 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 is not allowed. The users who try to exploit or abuse the system will be banned permanently from the PIP ecosystem.*
## How Are Rewards Calculated?
### A. Rewardable Actions
Transactions listed below will be eligible for the reward farming program:
* Sending money with Social Pay Extension
* Issuing PIP payment links
* Issuing an Invoice and getting paid with it
* Selling a product using PIP Checkout (Rewards will be distributed 3 days after the transaction)
$$
User Reward = (Individual Points / All Points ) \* Daily Reward
$$
$$
Individual Points = Network Rate \* Volume Rate
$$
### **B. Network Rate**
* Applicable only for sending and spending transactions.
* Point rates are based on which channel is used for the transaction.
| Twitter | 1 |
| ------------ | - |
| Twitch | 1 |
| Reddit | 1 |
| Discord | 1 |
| Github | 1 |
| PIP Tags | 1 |
| .sol Domains | 1 |
### C. Volume Rate
Users who have a higher volume will get higher points.
$$
Volume Rate = Asset Rate \* Fee Rate
$$
#### C-1. Asset Rate
Assets
Points
Stablecoins (USDC, BUSD, DAI, USDT )
2000
SOL, PIP, USDC, RAY, SRM, FIDA
Others ( SOL, MATIC, BNB, ETH, CAKE .... )
1000
Others
PIP
0
{% hint style="warning" %}
**Transacting $PIP is not included in Reward Farming.**
{% endhint %}
**C-2. Fee Rate**
$$
Transaction Amount ( USD ) \* 0.01
$$
* Fees are applicable only for sending money.
* The processing fee is **1%** for payment links, social pay, and invoice. **0.5%** for Checkout
* The fee is collected by the asset to be transmitted.
## Claiming Rewards
* You can claim your rewards after 02:00 am (UTC) at any time from Social Pay Extension.
* You have to earn more than 1 PIP 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.
