The PLUS Token is used to participate in the Loyalty Rewards through the Beaxy platform.
Due to regulatory uncertainty, PLS will not be available for United States citizens and depending upon the regulation in the users’ country/jurisdiction, they may be precluded from accessing the tokens.
Loyalty Rewards Program
This program is designed to reward users who are holding PLS on the Beaxy Exchange. Holders will receive a percentage of transaction fees collected based on the duration the PLS Tokens are locked, and the percentage of each user’s share among all locked PLS tokens. If you lock them:
- Up to 1 month: receive 15% of fees collected
- 1-6 months: receive 20% of fees collected
- Beyond 6 months: receive 25% of fees collected
The supply of the PLUS token will be equal to that of the BXY Token, however, the PLUS token will only be available through the Beaxy platform. The Beaxy Token (BXY) can be exchanged for the PLUS Token at a 1:1 rate, and will remain locked in as PLUS tokens for a period of time, set by the user.
For qualified purchasers, this program is designed to reward users who are holding PLS on the Beaxy Exchange. Holders will receive a proportionate share of up to 25% of the monthly transaction fees collected by the Beaxy Exchange according to the number of PLS tokens held.
You can find a more in depth break down of the loyalty rewards program here.