With COVID-19 and people looking for economic opportunities from home, cryptocurrency exchange platforms have been looking for ways to expand. Over the past few weeks, the P2P trading platform CryptoLocally has added numerous tokens, such as USDJ, JUST, USDT-TRC20, and now CryptoLocally’s most recent addition is GIV, a token native to CryptoLocally. This new coin will allow users to take advantage of a number of special features that make GIV stand out from the native coins of other platforms.
What is CryptoLocally?
CryptoLocally is a Peer-to-Peer (P2P) crypto trading platform that supports many next-generation blockchains. Its team is committed to creating the easiest, fastest, and most convenient way of trading cryptocurrencies. They have achieved this by providing a service that allows users to directly interact with one another without third-party interventions and user funds are protected by an escrow until transactions are complete.
What is GIV?
GIV is the token native to CryptoLocally’s platform and it can be used to purchase or access a number of special features. There are various means of obtaining GIV, which range from just signing up to be an active trader on our platform. The more GIV users obtain, the more they will be able to take advantage of the special features that come with owning GIV.
How can users gain GIV?
Immediately after signing up on CryptoLocally, all users will receive 10 GIV. Additionally, new users to the platform will receive a one-time “Spin-the-wheel” gift where they can spin a wheel containing various GIV prizes right after signing up. Users can also earn GIV through CryptoLocally’s referral program which allows both parties to immediately earn free GIV and on top of that, earn 0.1 GIV for every 10 USD of a completed trade made by the referrals forever.
While these methods allow users to easily gain their first tokens, the best way to earn GIV is by being an active trader. Being active on the platform allows users to comfortably earn GIV based on the trade amount, with a ratio of up to 1 GIV per 10 USD traded! Since GIV is stored directly on CryptoLocally’s platform, there is no need to worry about getting an additional wallet. While being an active trader on CryptoLocally is the fastest way to gain GIV, traders can also buy GIV from Binance DEX.
Why use GIV?
GIV has several benefits that are unique compared to other native tokens. Here are some of the benefits and why you should consider using GIV
- Get paid to trade
By trading on CryptoLocally, users will earn GIV based on the trade amount, with a ratio of up to 1 GIV per 10 USD traded. Thus, the more users trade the more GIV they will earn.
- Refer friends, earn GIV
Earn 5 GIV for every referral you make and then earn additional GIV based on the trade amount your referrals make!
- Coupons that facilitate trading
50% off Coupons: For 800 GIV, users can purchase this coupon which will reduce trading fees by 50% for 1 trade.
Boosts: For 600 GIV, users can purchase a “boost” which, when applied to an offer, will place it at the top of the list.
- Access to the Tier system
Bronze: Just by signing up all users are placed into the Bronze Tier. Being in this tier allows them to earn GIV from signing up, referring friends, and actively trading on the platform. In addition, you can spin a GIV wheel and receive a GIV gift. Additionally, after each completed trade, users will be awarded GIV based on the trade amount, with a ratio of 0.8 GIV per 10 USD traded.
Silver: In order to gain access to the benefits of the Silver Tier, users must maintain a GIV balance of at least 250 thousand GIV. At this level, they will get 25% off on all their trade fees + all of the perks from the Bronze tier. Similarly to the bronze tier, you will be awarded GIV based on the trade amount, with a ratio of 0.88 GIV per 10 USD traded.
Gold: This is the highest tier and is attainable by maintaining a GIV balance of at least 1 million. While this may seem difficult to reach, users in the Gold Tier will get 50% off on all of their trade fees. At the highest tier, you will experience the highest level of GIV rewards, allowing you to earn GIV based on the trade amount, with a ratio of 1 GIV per 10 USD traded.
Originally publish https://bitcoinik.com/p2p-trading-platform-cryptolocally-adds-its-own-native-token-giv/
P2P Trading Platform CryptoLocally Adds Its Own Native Token: GIV was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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