PLS tokens are not available to all users. Please check this list to see if users from your country of residence are prohibited from receiving PLS tokens and loyalty rewards.
You can check your PLS balance at any time on the Loyalty Rewards page. The Loyalty Rewards page can be found in the user drop-down menu.
Your PLS balance, lock duration, and loyalty percentage will be displayed.
- Loyalty Balances: Displays the Date and Total Loyalty Rewards in BTC distributed. Click "Download statement" to obtain a copy.
- Locked Details: Displays currently locked PLS tokens, BXY wallets used, loyalty percentages, and lock expiration dates.
- Pending Requests: Displays transaction IDs, BXY wallets used, amounts, loyalty percentages, and start and end dates for loyalty rewards.
Payouts for Loyalty Rewards
Payouts for loyalty rewards are done on a monthly basis, which means on the first of each month all PLS holders will receive loyalty rewards for the previous month.
Reward payments will happen on a monthly basis, whereas reward calculations are performed on a daily basis at midnight UTC.
Let's say you lock 100K BXY tokens for 6 months, which means you will receive 100K PLS tokens.
Let's also assume there are 10 million locked BXY tokens across all accounts on Beaxy, so there will be 10 million PLS tokens in circulation.
Given this data, you will have 1% of all PLS tokens for that day.
We then need to know the total amount of commission collected for that day as well. Let's say Beaxy collected $1 million in commission that day, to make this simple.
The total commission is then divided by your portion of PLS tokens. The formula will look like this:
$1,000,000 * 1% = $10,000
You will receive a portion of that $10,000, depending on how long you locked the tokens for. Remember:
- 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 example above states that you have locked your BXY tokens for 6 months, so you will receive 25% of the $10,000.
$10,000 * 25% = $2,500
Your loyalty rewards payout for this day will be equivalent to $2,500, paid out in the currencies that were collected during that time.
You will see this balance on the Loyalty Rewards page as a "Pending Balance", and it will change every day after the midnight calculations are performed.
On the first of each month, the Pending Balance will be credited to your account.
Rewards will be paid out in every kind of crypto and fiat that we charge commission on. You will be able to see exactly what you earned in the loyalty rewards report that you can download from the same page for each month. You can see the summary in BTC and FIAT equivalent as well, for an easy understanding of how much you are making.
For more information on how to download your monthly statement, see the article below.