How Do Users Earn Rebates?
JPG Store offers a rebate system that rewards users with a percentage of their transaction fees back in ADA. These rebates are earned by users who hold at least 2.2K $JPG tokens in their wallet.
Eligible Transactions for Rebates
Rebates are awarded based on specific transaction types:
Buying an NFT: The buyer receives a rebate upon purchasing an NFT.
Accepting an Offer or Collection Offer: The seller who accepts the offer receives a rebate.
Repaying or Defaulting on a Loan: The lender receives a rebate when a loan is repaid or defaults.
Accepting a Loan Request: The borrower receives a rebate upon accepting a loan request.
These transaction types are designed to reward active participation in the JPG Store ecosystem.
Rebate Eligibility Criteria
$JPG Held | Rebate Percentage |
2,200 | 10% |
5,500 | 20% |
11,000 | 30% |
22,000 | 40% |
38,500 | 50% |
55,000 | 60% |
82,500 | 70% |
110,000 | 80% |
165,000 | 90% |
275,000 | 100% |
For a detailed breakdown of rebate tiers and fee reductions, refer to Understanding the JPG Token & Its Role in Rebates.
Rebate Distribution Process
Rebates are automatically calculated and credited to eligible users upon completion of a qualifying transaction. There is no need for manual intervention; the system ensures that rebates are processed efficiently.
Users can view and claim their accumulated rebates by navigating to the Rebates Dashboard section on the JPG Store platform. For detailed instructions on claiming rebates, see How to Claim Your Rebates on JPG Store.
Key Points to Remember
Rebates are transaction-specific: Only the transactions listed above qualify for rebates.
$JPG token balance matters: Ensure you hold the required amount of $JPG tokens in your connected wallet to be eligible for rebates.
Automatic distribution: Rebates are credited automatically after eligible transactions.
Claiming rebates: Accumulated rebates can be claimed at any time through the Rebates Dashboard.
By understanding how rebates are earned and distributed, users can maximize their benefits and enhance their experience on JPG Store.
What’s Next?
Now that you understand how rebates are earned and distributed, check out these related guides:
