BXY & PLS

Learning to navigate a brand new exchange can require a bit of effort. Once you consider the new and exciting user interface, the two token system, and the variety of programs that tie them all together, it can feel overwhelming trying to absorb it all at once.

By now you probably know that PLS isn’t available for everyone, and — at the time of this writing — not yet activated, so it is understandable that some users might be a little confused about what each token can and cannot do. In order to help resolve this issue we created an infographic that illustrates the features of each token and the program that they are associated with. You will also see how they can work in conjunction with one another (for qualified users, of course).

It is important to understand that the Loyalty Program is backward compatible with the Staking Program. Meaning if you swap BXY tokens for PLS tokens, you automatically receive the Staking Program benefits as if you have also staked that number of BXY tokens.

The Staking Program requires qualified holders to opt in to the PLS system when staking their tokens. It is not automatically applied like it is with the Loyalty Program. Users that are not qualified to hold PLS will not see the second checkbox and therefore unable to opt in.

Starting August 1st the Loyalty Rewards page will be visible to those that can use it while, the Loyalty Rewards program won’t activate for a bit longer. Follow us on Twitter so you can be notified when it goes live!

Note: There’s a detailed example of how you can expect the Loyalty Rewards program to work at the bottom of this support article.

That’s all for now. Happy trading folks!