The PLUS token (PLS) provides loyalty rewards on Beaxy for qualified holders who convert their BXY tokens to PLS. PLS tokens may not be transferred or sold to a third-party but can be exchanged for BXY tokens at a 1:1 rate on Beaxy.
Qualified PLS holders will receive a percentage of transaction fees collected on the Beaxy Exchange platform based on the duration the PLS tokens are locked, and the percentage of each user’s share among all locked PLS tokens.
- 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
How to get PLS tokens
Obtain some BXY tokens then navigate to the Loyalty Rewards page from the drop down menu.
Click the "Get PLS" button.
A form will appear. Enter the desired BXY wallet to use, BXY amount, and lock duration in day(s) or month(s) from the drop down menu. The loyalty percentage will automatically be calculated based on the entered information.
Once you have agreed to the terms and double checked the information click "Get." You will receive a confirmation alert. Navigate to "Pending Requests" under the loyalty reward section. You will see that your PLS request is pending. When your request is complete, you will be notified.