Every historical and future paying Stoic customer is eligible to receive the STOIC reward. The rewards formula is 0.6 * FEES * Early Bird Coefficient. This formula applies to every payment of Stoic fees and takes into account the payment’s date.
The Early Bird Coefficient is designed to reward Stoic’s early users. It ranges according to this rule:
The payment date is between March 1, 2020 and September 16, 2020 - the Early Bird Coefficient is 2
The payment date is between September 17, 2020 and February 28, 2021 - the Early Bird Coefficient is 1.6
The payment date is between March 1, 2021 and December 20, 2021 - the Early Bird Coefficient is 1.3
The date is between December 21, 2021 and February 20, 2022 - the Early Bird Coefficient is 1.2
After February 21, 2022 - the Early Bird Coefficient will be 1.
For example, a new Stoic user tops up their exchange account and pays $500 as the Stoic fee on January 1, 2022. They will receive:
0.6 * 500 * 1.2 = 360 STOICs
Stoic’s referral & affiliate program participants will get additional rewards. Every referrer will receive 0.2 STOIC per every $1 paid by the referral. Referral, at the same time, will also receive 0.2 STOIC per every $1 paid, in addition to the normal 0.6 STOIC rewards.
For example, if a user Bob invites user Alice, and user Alice is paying $200 as the Stoic fee, then Bob will receive 0.2*200=40 STOICs, and Alice will receive 0.6*200+0.2*200=160 STOICs. The referral reward also has the same Early Bird Coefficient.
Please note: users will be able to get the STOIC reward only after paying at least $100 in total fees for Stoic services. If you already have paid $50, you should first make a new deposit and then you will be eligible to receive the STOICs.
Important: multi-accounts are prohibited.