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Public Mint

Phase 2 of the EARN Loyalty Program kicks in

Three ways to boost your APY — USD on EARN, MINT on Public Mint wallet and receiving rewards in MINT; Early Adopter NFT holders will keep 5% bonus

With v1.0 of our Mobile Wallet roaming the streets, we now have the necessary infrastructure to roll out Phase 2 of our Loyalty Program. Like we shared with you in a previous article, this second stage brings several compounding boosts to APY, adding up to a maximum of 10%, on top of your base rate earnings, of course.

Tiered Loyalty

Phase 2 is hinged on three fundamental pillars:

  • USD deposited on EARN

Starting now, the more USD you have generating yield, the more you get out of it. Get an extra 1% for each threshold crossed, up to a total of 4%. The brackets are $1K, $10K, $50K and $100K.

This incremental reward replaces the flat 5% bonus that was currently being held.
This does not apply to Early Adopter NFT holders, who will keep their 5% bonus until the end of 2022, regardless of the amount of USD being held on EARN. Furthermore, the NFT bonus does not accumulate with the bonus offered by the Loyalty Program — it replaces it.

  • MINT held in your Public Mint wallet

Similarly to USD, holding MINT will further benefit your APY. Get cumulative rewards of 1%, maxing out at 4%, by crossing the set cut-off limits of 1K, 10K, 50K and 100K MINT tokens in your Public Mint wallet.

  • Option to receive rewards in MINT

And to cap it off, a chance to bump your EARNings an extra 2% by choosing to receive all your rewards in MINT tokens, delivered directly to your Public Mint wallet.

Note: this option will be made available along with the next minor update of our mobile app.

Here’s a handy graphic that sums it all up:

Check out our twitter thread for a deeper analysis

EARN Levels

Some folk in our community have been asking about the EARN Levels and how they work. It’s really quite simple: as you complete milestones within the Loyalty Program and your APY boost goes up, so does your EARN Level.

You can check out a practical example and the level brackets on this section of our FAQ.

Phase 3

As you can see from the image above, there is one last factor that can boost your APY even further: time.

Now that Phase 2 is ongoing, the counter has started for the time-based rewards. How will it work? We’ll be taking regular “snapshots” of all wallets, and all those who maintain or top up their USD balance on EARN will be eligible for an incremental 1% APY boost, with thresholds at 3, 6, 9 and 12 months. These “snapshots” will also function to keep track of the extra APY accrued in Phase 2.

So, all you have to do to climb your way through the EARN Levels and add a further 4% onto your APY is to HODL on to your EARNings. Easy enough, right?

Thank you, and see you on the other side 🟢

About Public Mint

Public Mint is an open and complete blockchain platform for fiat money, where funds are fully collateralized and held on deposit with regulated, FDIC-insured institutions. Public Mint offers an open, fiat-native blockchain and APIs, ready for anyone to build fiat-based applications and accept credit cards, ACH, wire transfers, stablecoins and more. On top of that, the Public Mint EARN platform offers users automated and diversified returns on USD assets, leveraging the power of blockchain and DeFi.

About EARN

The EARN program is a community-governed earnings aggregation application built on top of Public Mint’s fiat-native blockchain. The program aims to make it easy and safe for the broader public to tap into the high returns available on the crypto space.

About the MINT Token

The MINT token is core to Public Mint EARN, a program that aggregates different sources of high earnings from the crypto space — both CeFi and DeFi — into a simple, intuitive platform.

The MINT token will not only allow users to participate in the governance of EARN, but will also pay a portion of the earnings of the program to active MINT stakeholders. Much like a traditional fund, these crypto-experts are incentivized to pick the best sources of returns, and the best combination of value and security.

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Terms and conditions

  • Only those who deposit USD on EARN are eligible for rewards
  • Rewards will be paid daily in MINT tokens, at its current dollar value, and proportional to the APY (annual percentage yield) of the corresponding bonus
  • Public Mint reserves the right to alter or cancel this promotion at any time



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