CASHING OUT WILL BE ENABLED IN Q3 2020
WHY IS CASHING OUT NOT AVAILABLE RIGHT NOW?
Our new blockchain solution is amazing. It hugely expands the potential uses of GPS Tokens and also gives us a tried and battle-tested platform moving forward, and provides a provable ledger that our users can check at any time. Like the majority of our users, we want this in place before we start distributing GPS Tokens
HOW IT WORKS
In order to prevent limit the likelihood and impact of ‘pump and dump’ trading, the following process is strictly adhered to at all times (please note that the figures used below are for explanatory purposes only and do not represent any form of revenue prediction).
In order to cash out your in-app GPS Tokens onto the blockchain for the first time, we require you to have reached Level 5 in all three skills (Moving About, Beacon Hunting and Power Ups).
THIS TAKES ABOUT TWO WEEKS.
WHY DO YOU NEED TO REACH LEVEL 5?
By creating a small barrier to entry, we help to ensure that our real users are the ones to benefit from collecting GPS Tokens, and not scammers who create fake accounts.
Once you reach Level 5, you can cash out whenever your GPS Token balance reaches over 1,000 GPS.
WHY IS THERE A 1,000 GPS MINIMUM CASH OUT?
Something that all cryptocurrencies have in common is that they charge a small fee per transaction. We want you to receive 100% of the GPS Tokens that you earn, and that’s why we cover the transaction fees to send your tokens to your wallet. A 1,000 GPS Token minimum ensures that we are not paying extra fees associated with multiple small transactions.