Wallet Earn

What is Wallet Earn

The Wallet Earn campaign offers an opportunity to earn up to 50% APY by storing USDT in Wallet. 

To participate in the program, you could deposit up to 10,000 USDT to the Wallet Earn account. For your first 3000 USDT deposited, you could earn 50% APY for the first two weeks, 25% APY for the next two weeks, 15% APY for two more weeks, and then - 5% APY for 2 more months. If you deposited more, you could enjoy 5% APY rewards for the rest of the top-up. Rewards used to be calculated daily on the remaining balance. The interest was credited in Toncoin at the current exchange rate to wallets within the TON ecosystem. You can close the deposit and withdraw your funds and the accrued interest anytime within 7 days after the campaign's end.

The total bonus pool size was 3 Million TON.

Start date: May 1, 2024.

End date: September 30, 2024

Important: the campaign ended on the 30th of September, 2024. This was the last day when you could receive TON bonuses for the previous day.

What regions are not supported for Wallet Earn

In accordance with the User Agreement, Wallet reserves the right to select markets, jurisdictions, and may restrict some services in countries with perceived risks, at its discretion, or as mandated by laws, authorities, or sanctions.

Thus, Wallet Earn is not available for residents or citizens of the following regions:

Australia, South Africa, Hong Kong, Switzerland, Canada, Austria, Belgium, Bulgaria, Croatia, Czechia, Denmark, Estonia, Finland, France, Hungary, Ireland, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, Iceland, Liechtenstein, Norway, the United Kingdom of Great Britain and Northern Ireland.

Wallet does not accept customers from the countries which can be found here

The rewards I received were different each day. Why did this happen

We used to calculate the reward amount in dollars and then convert it to TON based on the market rate. Therefore, the reward amount could vary, increasing or decreasing, depending on the TON rate when calculating the reward. The reward was calculated based on the minimum balance in the deposit from the previous calendar day.

What does APY mean

APY (Annual Percentage Yield) refers to the annual rate of return expressed as a percentage. It represents the annual financial profit you could expect to earn by placing your funds in the Wallet Earn campaign.

How was the bonus calculated? How can I find out how much I could receive after 1 day or after 14 days

Here are the formulas to calculate the reward:

I withdrew funds from the Campaign and closed my deposit. Can I participate again

No. The campaign ended on the 30th of September, 2024.

Will there be a fee for withdrawing the reward

No, there are no fees for withdrawing the rewards.

How were the two weeks with 50% APY calculated

The 50% APY was applied during the first two weeks from your initial deposit of up to 3000 USDT to the Earn account. For example, if you joined the campaign on June 1st, you could receive 50% APY until June 15th. Starting from June 16th, your APY would have been 25%, then 15% for next 2 weeks (starting from June 30), and then - 5% for 2 more months (starting from July 15).

If you deposited a cumulative amount higher than 3000 USDT, then the first 3000 USDT would have the standard APY for each term, and the rest of top-up would get fixed 5% APY for the whole campaign.

What reward could I receive if I deposited 1000 USDT on July 1st and another 1500 USDT on July 11th? How were the rewards calculated

The reward calculation was based on the minimum deposit balance from the previous calendar day.

The reward for July 2nd would be calculated from a balance of 0 USDT, as the minimum balance on July 1st was 0 USDT.

The reward for July 3rd would be calculated from the balance on July 2nd, which was 1000 USDT. The reward on July 11th would be calculated based on the balance on July 10th.

The reward on July 12th would be calculated from the balance of 1000 USDT. On July 11th, when an additional deposit of 1500 USDT was made, the minimum balance was 1000 USDT.

The reward on July 13th would be calculated from the balance on July 12th - 2500 USDT.

What reward could I receive if I deposited 3000 USDT on August 10th and another 7000 USDT on August 11th? How were the rewards calculated

The reward calculation was based on the minimum deposit balance from the previous calendar day. If the cumulative deposit amount exceeded 10,000 USDT, the deposit would accrue APY as follows: the first 3000 USDT receive the standard APY for this term, and the rest of top-up gets fixed 5% APY for the whole campaign.

The reward for August 11th would be calculated from a balance of 0 USDT, as the minimum balance on August 10st was 0 USDT.

The reward for August 12th would be calculated from the balance of 3000 USDT. On August 11th, when an additional deposit of 7000 USDT was made, the minimum balance was 3000 USDT. According to the formula and 50% APY applied, the reward would be approximately 4.11 USDT.

The reward for August 13th would be calculated from the balance of 10,000 USDT. The first 3000 USDT would accrue 50% APY, while the rest of top-up (7000 USDT) would accrue 5% APY. According to the formula, the approximate reward would be 8.22 USDT for the first 3000 USDT and 1.92 USDT for the rest.

What type of address can I use to receive rewards? Can I connect an exchange wallet or another service's address

To receive rewards, you must specify a non-custodial wallet address within the TON ecosystem, such as TON Space.

Please note: the rewards will be lost if you provide an address from Wallet or exchange.

If I lose access to the wallet address for receiving rewards, can I change it if necessary

Yes, you can change the connected address. The option becomes available only after successful identity verification.

What happens if I refuse to complete account verification (KYC)? Can I receive a reward without account verification (KYC)

No, account verification is mandatory for receiving a reward. A user who refuses account verification (KYC) will not receive a reward. They can withdraw funds from the campaign and continue using the Wallet.

I passed verification, but cannot withdraw my rewards

This most likely is due to a low amount of rewards in your Earn account.

The minimum withdrawal amount for rewards is 0.1 TON.

My account failed verification (KYC), can I still receive a reward? What will happen with my USDT deposit

No, successful account verification is a mandatory condition for receiving a reward according to the Terms and Conditions of the campaign. If your account didn't pass KYC, your USDT Deposit will be returned to your Wallet.

I no longer want to participate in the campaign; how do I withdraw the accrued rewards? How can I close the deposit

The campaign ended on the 30th of September, 2024.

To withdraw your earned rewards, click “Claim rewards”. After successful verification (KYC), they will be credited to the TON wallet address you previously specified.

The minimum withdrawal amount for rewards is 0.1 TON.

To close the deposit, click “Close rewards & withdraw.” The deposit will be returned to your Wallet’s USDT balance.

The campaign ended, but I haven't managed to claim my rewards. What will happen to my rewards

You will be able to claim your rewards within 7 days after the campaign's end by tapping ‘Claim Rewards’. If you don't withdraw your rewards until October 7, the accrued rewards will be invoked, and it will not be possible to withdraw them later.

Note: you can withdraw the rewards only if you passed the verification before the end of the campaign.