This is where the magic happens.
Purchase products with XGT, get up to 100% cashback in XGT and use XGT to receive compounded discounts off your subscriptions(Loyalty program). This is all possible through our decentralized payment & rewards gateway, where merchants can accept Visa, MasterCard, crypto payments and reward their loyal customers.
Purchasing a product or service with a credit card or xDAI/DAI crypto, will get you up to 100% cashback in XGT. However, this is limited to how much liquidity we have unlocked for each cashback rewards level.
Example: once we reach $2.5M USD of total value locked(liquidity), then the first 20 000 people can purchase a product of their choice and get up to 100% cashback in XGT.
These are the 5 levels of 100% cashback rewards:
Amount of Shoppers
Once all 5 levels of 100% cashback rewards have been issued, then the next set of cashback rewards will be made available.
Please note: earning interest(cDAI) is not related to farming. Adding liquidity to the farming pool/s(UNI-V2) will only increase the amount of liquidity to unlock cashback rewards. XGT will also not be minted but simply put into circulation from the allocated supply, to issue cashback rewards.
So you've got XGT from either cashback rewards, providing liquidity or just happened to buy some XGT for speculation.
Time to use that XGT and purchase any product, service or subscription offered by our Xion Merchants. Every time you purchase a product with XGT, 1% of that XGT will be locked(duration of the liquidity pools) before its sent to the merchant. This is to encourage healthy market dynamics and demand for XGT as a form of payment. So if you are a merchant, make sure to increase your profit margin by 1% to cater for XGT tokens being locked.
Ever heard of compounding subscription discounts? This is where you can get a % of discounts off every recurring billing payment that compounds every billing period. However, this is only possible if you hold a certain amount of XGT, since every discount requires XGT as payment.
There are 6 discount levels. The more XGT you hold, the bigger the discounts will be off every recurring billing payment. Every time your subscription payment goes off, you will be charged a certain amount of XGT to get this discount. So make sure you always have enough XGT to continuously get compounded subscription discounts.
Total AVG. Discount
over 12 months
Cost in XGT Per Month
Alice holds 60 XGT & decides to purchase a $25 monthly box subscription with her credit card
Her second billing period goes off & she receives her first 0.5% discount, because the merchant automatically deducted 5 XGT for a 0.5% discount
It is now her 12th subscription payment and she is getting an average of 8.4% discount for every payment moving forward - why, because that 0.5% discount compounded every month(billing period)