Brace yourself for a bit of jargon: Swissqoin (SWQ) is a crypto token based on the Ethereum blockchain. In simpler language, it plays a central role in Yuh’s unique reward program, which allows our users to benefit from our success. We will credit a portion of money into Swissqoins every month to grow their value.
Well, since they’re digital tokens, we’re afraid you can’t trade them for some magic beans. However, there are many other things you can do with your Swissqoins, and we plan to add more features along the way. At the moment, you can:
– Redeem them for cold, hard cash any time by using the «Instant Sale» option in the app.
– Gift them to any of your friends who are fellow Yuh customers.
– Hold on to them, as the value of Swissqoin is expected to increase monthly with Yuh’s revenue. Cha-ching!
No secret quests necessary. Yuh clients receive bonus Swissqoins as rewards when performing certain actions in the app, including:
– Making a first deposit into your account of at least 500 CHF*
– Referring a friend or being referred by a friend**
The referred person must make a deposit of 500 CHF for the referral to be effective. The 500 CHF deposit must be made in a single instalment.
– Buying or selling any investment product (stocks, cryptos, etc.)***
– Making a transaction with your multi-currency debit card****
* The deposit of 500 CHF must be made in a single instalment.
** For both referrer and referee, after the referee makes a first deposit of at least 500 CHF (in a single instalment, at any time after opening the account). Only valid for Swiss Residents.
*** Rewards for trades are limited to 50 Swissqoins per day, which corresponds to 10 transactions.
**** A debit card transaction must amount to at least 1 CHF (or equivalent in other currencies) in order to qualify for a reward. Rewards for payments with your debit card are limited to 10 Swissqoins per day (which corresponds to 10 payments).
The price of Swissqoin is determined by two things: The amount of Swissqoins available and the amount of the reserve account in CHF.