While some companies are still evaluating the potential of cryptocurrencies, these digital assets are quickly emerging as a disruptive force, substantially in the context of loyalty programs.
The exchange is inviting users to register for early access to gain additional benefits. If you’re wondering how the XBO loyalty program works and what makes it different from other crypto exchanges, here’s everything you need to know.
However, finding a crypto exchange that offers reliable trading conditions with entrancing loyalty programs is still a way more challenging job. So, let’s introduce you to an upcoming crypto exchange: XBO.
XBO is an upcoming exchange that aims to offer exceptional customer service and democratize access to crypto globally. The exchange seeks to operate in the most customer-friendly manner once launched, which is evident from their generous loyalty program.
What Sets XBO Apart From Other Crypto Exchanges?
Here’s a detailed comparison of how XBO plans to make a difference with its loyalty program.
|Sign Up Rewards||Access to Gold Loyalty Status for the first 10,000 registered.
Additionally, a chance to win Black Diamond Loyalty Status
|$25 Crypto Bonus (Paid in Bitcoin)||$15 – $250|
|Loyalty Tier Types||5 Tiers: Silver, Gold, Platinum, Diamond, and Black Diamond||N/A||6 Tiers Based on Trading Volume|
|Free Crypto Deposit||Yes||N/A||N/A|
|Exchange Cashback||Upto 0.50%||N/A||N/A|
|Card||XBO Card||Gemini Credit Card||VISA Signature Card|
|Rewards||Random amount of various cryptocurrencies||N/A||N/A|
|Card Cashback||Instant upto 2% on purchases||Upto 3%||Upto 1.5%|
How Does Loyalty Program Work?
Ahead of its launch, XBO is inviting users to participate in its multi-tiered loyalty program. The program has five tiers, with Black Diamond being the top tier.
Silver is the entry-level tier in this program with comparatively fewer benefits than its higher-level counterparts. Ultimately, upgrading to a higher tier will introduce incremental rewards.
Entry to a higher tier will require pre-determined experience points (XPs). These XPs can be earned as a reward for actions such as logging in, making deposits and actively trading using the platform.
Crypto enthusiasts and professional traders can make their way through higher tiers by earning more experience points (XPs) through the pre-defined reward system. But there is more to the story.
As a part of the early access program by XBO, the first 10,000 users who will successfully register for the program will be entitled to Gold Loyalty Status instantly. Additionally, they will also enter a draw to win an exceptional reward.
The prize for the draw is a lifetime membership to the Black Diamond tier. Ten lucky winners will be chosen from the first 10,000 users that trust XBO and register for their early access program. Let’s understand the benefits of each tier in XBO loyalty program:
Silver is the basic tier in the XBO loyalty program, which requires 100 XPs to get started. The members of this tier are entitled to benefits such as free crypto deposits and low spot trading fees.
The Gold tier is the second tier on the list, where users will need 10,000 XPs. Some of the features of this loyalty tier include a free crypto deposit, competitive trading fees (0.38% Taker/0.29% Maker), Exchange Cashback upto 0.1%, 2-2 Free Crypto and Fiat Withdrawals Each Month, an exclusive XBO Gold Card and Random amount of various cryptos as a reward.
Platinum is an advanced tier in the exchange’s loyalty program. The tier offers additional benefits in comparison to Gold. The benefits of the Platinum tier include a free crypto deposit, competitive trading fees (0.36% Taker/0.27% Maker), Exchange Cashback upto 0.25%, 3-3 Free Crypto and Fiat Withdrawals Each Month, a platinum Card and 2.5X random amount of various cryptos as a reward.
Diamond is one of the top tiers in XBO loyalty program. Users will need 650,000 XPs to enter this tier. In addition, the members of the diamond club can enjoy benefits such as free crypto deposit, low trading fees (0.32% Taker/0.24% Maker), Exchange Cashback upto 0.50%, 4-4 free crypto and fiat withdrawals each month, a metallized diamond Card and 10X random amount of various cryptos as a reward.
“What Happens in Black Diamond Stays in Black Diamond” The exchange remains cryptic regarding the features of Black Diamond Loyalty Status. However, the loyalty tier is said to have advanced benefits compared to other tiers.
The Bottom Line:
XBO has introduced loyalty tier programs so users can enjoy extra benefits once the platform launches. Through the Early Access program, users can win direct access to top tiers such as Gold Loyalty Status and Black Diamond Loyalty Status.
XBO loyalty program could potentially make your crypto investing experience even more exciting as the exchange seems to be on a mission to genuinely democratize crypto trading access for everyone around. Therefore, it is reasonable to expect that the exchange will offer a user-friendly platform that will make crypto trading and storage all the way easier in the times to come.