Dear Freeway community,
As per the announcement in our recent community update, we have made a number of changes to the Freeway platform to accelerate the journey to resuming Supercharger buy-backs.
Full details of each change are outlined below:
Supercharger Rewards Rates:
As of 30 March 2023 (tomorrow), the new Supercharger Annual Rewards rates will be as follows:
For sUSD, sGBP, sEURO, sCAD, sAUD, sGOLD:
- Maximum Annual Rewards: 21.5%
- Standard Rewards: 10.5%
- FWT Boost: 5%
- Notice Period Boost: 1.25% (3 days), 2.5% (7 days), 3.75% (15 days), 5% (30 days)
- Activity Score Boost: 1%
For sBTC, sETH, sADA, sDOT, sBNB:
- Maximum Annual Rewards: 15%
- Standard Rewards: 7%
- FWT Boost: 3%
- Notice Period Boost: 1% (3 days), 2% (7 days), 3% (15 days), 4% (30 days)
- Activity Score Boost: 1%
We have already updated the Freeway platform to reflect these new rates going live tomorrow.
To maintain your FWT Boost, you will still need to hold 5% of the value of your total Supercharger simulation balance in Freeway Token (FWT), as per the platform FWT minimum value of 0.006c per token.
FWT Staking:
As of 29 March 2023 (today), Freeway Token Staking Rewards can only be earned in Fiat-denominated Supercharger simulations only. These include:
- USD Supercharger
- GBP Supercharger
- EUR Supercharger
- CAD Supercharger
- AUD Supercharger
We have automatically updated all users who were previously earning FWT staking rewards in Crypto-denominated Superchargers to the USD Supercharger. Users are free to select an alternative Fiat-denominated Supercharger at any time on the Freeway platform.
All previous FWT staking rewards earned in Crypto-denominated Superchargers will not be affected.
Supercharger Swaps (not applicable to the US platform):
As of 29 March 2023 (today), users are now able to swap any existing Crypto-denominated Supercharger into any of the 5 Fiat-denominated Superchargers.
Please note that, until further notice, all swaps from Crypto to Fiat-denominated Superchargers are irreversible.
Users will also be able to swap between any of the Fiat-denominated Superchargers. For example, a user can swap an existing USD Supercharger to a EUR Supercharger. Users may also swap an existing Fiat-denominated Supercharger back to a previous Fiat-denominated Supercharger.
However, please be advised that users have 1 free Supercharger swap per 24 hours. As previously, all additional swaps in the same 24 hours will incur a 5% swap fee.
If you have any questions regarding the above changes to the Freeway platform, feel free to reach out to the team via our official Telegram group, or contact our friendly Customer Support team at support@freeway.io
Thanks,
The Freeway Team
The statements herein are not applicable to US and Canadian residents. US citizens and residents may only access a distinct platform with limited features, which may be viewed at www.freewaylite.us. The statements in this article are subject to change and should not be relied upon when making financial decisions. Any statements by third parties included herein are not necessarily endorsed by nor represent the views of Freeway. You should always seek independent advice before making financial decisions.
