Written by Joel Kite, Vice President of Project Hydro.
When we first announced Hydro Pay we told you how everyone who downloads the app will get the chance to earn up to 10,000 HYDRO (plus referrals). We have had a huge amount of interest, with over 50,000 verified signups and the highest twitter following increase of any crypto project in such a short amount of time. In addition we would like to thank the dedicated beta testing group.
Well the wait is nearly over and as its nearly PAYDAY, so let’s have a look at how the rewards system will work.
On Saturday 29th June, the Hydro Pay app will be live in the Google Play Store. At this point everyone will have the chance to earn HYDRO reward. However, with over 50,000 users wanting the same thing, you must be quick if you want to get rewarded.
The initial rewards structure is based on a first come first serve basis for downloading the app, creating a Hydro ID, and making three transfers*:
The chance to get free HYDRO doesn’t end there. To show our thanks for spreading the word about Hydro Pay we are giving away 500 HYDRO** per referral for every new user that you refer that creates a new HydroID on their device.
In addition to the above, to qualify for a reward you must also complete the following steps:
- 1. You must make a transfer a total of 5,000 HYDRO to a minimum of three unique HydroID
- 2. Each of these transfers must be a minimum of 1,000 HYDRO
Once completed, the reward bonuses will be paid.
Withdrawals of reward and referral tokens will be locked for a period of three weeks after the three transactions are completed.
There is a maximum limit of 100 referrals per HydroID. The total referral reward is capped at 20 Million HYDRO, at which point this promotion will end.
The future of fast, feeless, cryptocurrency payments starts with Hydro Pay
The terms of this giveaway and reward program are subject to change at any time without any prior notice, and token rewards will be distributed according to the sole discretion of the Hydro Labs team.
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