Rewards Terms and Conditions
Welcome to Shitcoinx.com! Our rewards program is designed to give back to our valued users for their trading activity on our platform. Please take a moment to familiarize yourself with the following terms and conditions governing our rewards program:
Eligibility:
All users of Shitcoinx.com are automatically eligible to participate in the rewards program. To qualify for rewards, users must engage in trading worthless crypto tokens and zero value NFTs for product and services discount coupons on the platform.
Reward Calculation:
A percentage of the exchange trading fees collected each month are set aside for our loyal users. Your rewards are calculated based on your trading volume and your contribution to the exchange fees generated by the platform.
Rewards are calculated based on the user’s proportionate contribution to the total exchange fees generated on Shitcoinx.com during a specific month. The more you trade, the higher your potential rewards.
Distribution Frequency:
Rewards will be distributed on a monthly basis.
Reward Payouts:
Rewards are typically paid out in the same cryptocurrency or token used for trading on Shitcoinx.com.
Tax Implications:
Users are responsible for understanding and complying with tax regulations in their respective jurisdictions. Consult with a tax professional regarding the tax implications of your rewards.
Trading Activity:
At Shitcoinx.com, we want to clarify that our rewards stem solely from trading activities, as we do not issue our own platform tokens or coins. Moreover, please note that your trades involve exchanging tokens and NFTs for valuable discount coupons and benefits offered by our rewards partners.
Modification of Terms:
Shitcoinx.com reserves the right to modify or terminate the rewards program or its terms and conditions at any time. Users will be notified of any changes in advance.
Abuse or Fraud:
Any attempt to abuse or manipulate the rewards program, may result in the forfeiture of rewards.
Contact and Support:
If you have questions or need assistance regarding the rewards program, please contact our customer support team for assistance at Hello@shitcoinx.com.
By participating in the Shitcoinx.com rewards program, you agree to comply with these terms and conditions.
ShitcoinX Monthly Rewards FAQ
Q: How do the rewards work on Shitcoinx.com?
A: Shitcoinx.com rewards users by giving back a percentage of the exchange fees generated from trades. Percentages may very from month to month and based on exchange volumes.
Q: When will I receive my rewards?
A: Rewards will be distributed on a monthly basis.
Q: How are the rewards calculated?
A: Rewards are calculated based on your proportionate contribution to the total exchange fees generated during the month.
Q: Are there any fees or requirements to participate in the rewards program?
A: No, there are no additional fees or requirements to participate. All eligible users will be able to claim rewards.
Q: How will I know how much I’ve earned in rewards?
A: Dashboards and or leaderboards will be developed to display rewards information per wallet.
Q: Are the rewards paid out in cryptocurrencies or any specific tokens?
A: Rewards will be typically paid out in the same cryptocurrency or tokens that was used for trading paying service fees on the platform. Each month, we will provide specific details.
Q: Is there a minimum threshold for receiving rewards?
A: No
Q: Are the rewards taxable?
A: Tax regulations vary by location. It’s advisable to consult with a tax professional regarding the tax implications of your rewards.
Q: What happens if I trade but don’t receive any rewards for a particular month?
A: If you don’t receive rewards for a month, it could be due to factors like very low exchange trading activity or gas fees would cost more than the worth of the reward claimable. Rewards are distributed based on these factors.
Q: Can I refer friends to Shitcoinx.com and earn rewards through a referral program?
A: Shitcoinx.com does not have a referral program at this time.