Earn DOGS for DOGS: Staking-like Feature with 300% APY

Bittime - Wallet recently launched the Earn DOGS for DOGS program. This program offers a golden opportunity for DOGS token holders to maximize their assets. 

In fact, the Earn DOGS for DOGS program offers a 300% APY. So, what exactly is this interesting program from Wallet? Check out this article to find out!

What is Earn DOGS for DOGS?

Earn DOGS for DOGS is a limited campaign that allows Wallet users to earn up to 300% APY (Annual Percentage Yield) on the DOGS tokens they hold in their Wallet Earn account. 

Imagine, just by saving DOGS tokens, you can get very profitable daily rewards!

This program is not just a sweet promise. Wallet has prepared a total bonus pool of 330 million DOGS to be distributed to participants. This shows the platform's seriousness in providing added value to the DOGS community.

Read also: Dogs Freezes Accounts That Use Bots to Airdrop DOGS

When can you participate in Earn DOGS for DOGS?

Do not miss! This campaign will start on August 25, 2024 and end on September 1, 2024. Although the duration is initially planned for 7 calendar days, Wallet reserves the right to change this period at their discretion. 

Therefore, it is highly recommended to always monitor the latest information via Wallet's official FAQ.

Eligibility Following Earn DOGS for DOGS

Not everyone can participate in this program. To be able to take part, you must meet several criteria:

1. Become a registered Wallet user.

2. Verified at the "Extended" or "Advanced" level to be able to claim the prize.

3. If you are only verified at the "Basic" level, you will not be able to claim rewards until you increase your verification level.

4. The first deposit must be made during the campaign period, at least 24 hours before the campaign ends.

5. Must not be in blocked or restricted status by Wallet for any reason.

Syarat Deposit Earn DOGS for DOGS

To maximize your profits, pay attention to the following deposit terms:

1. Deposits are made in the form of DOGS tokens.

2. The maximum deposit amount is 300,000 DOGS per campaign cycle.

3. You can increase your deposit up to a maximum limit of 300,000 DOGS.

4. Prizes will be calculated based on the minimum deposit balance from the previous calendar day.

5. Partial withdrawal of deposit is not allowed. However, you can withdraw your entire deposit at any time.

Read also: DOGS Price Prediction After Token Unlock

Questions Related to DOGS for DOGS

TThere are some FAQs (Frequently Asked Questions) about this Wallet program. Here are some frequently asked questions you may have:

1. How to claim the prize? Prizes are not distributed automatically. You must click the "Claim rewards" button to update your DOGS balance in Wallet. The minimum prize withdrawal amount is 50 DOGS.

2. When can I withdraw the prize? You can claim the accumulated rewards every day after the official DOGS listing, but no later than 7 calendar days after the campaign ends.

3. What if I don't pass verification? If you fail to complete verification, you can still return DOGS deposits from your Earn account to your Wallet, but the DOGS rewards you have collected will not be accessible.

4. How much reward will I receive if I deposit 10,000 DOGS on August 25? Prize calculations are based on the minimum deposit balance from the previous calendar day. So, the prize for August 26 will be calculated based on a balance of 0 DOGS, because the minimum balance on August 25 is 0 DOGS. 

Rewards for August 27th will be calculated based on the minimum balance on August 26th, which is 10,000 DOGS. In this case, the prize will be approximately 82.19 DOGS. 

If you maintain the same amount in your Wallet Earn account, you will continue to earn approximately 82 DOGS each day thereafter, until the end of the campaign.

5. Will I get the prize only after verification or from the moment I deposit? Rewards are calculated from the moment you open an Earn account. Rewards will accumulate whether you have passed verification (KYC) or not. 

However, you must successfully pass verification to withdraw rewards from your Earn account. Rewards calculations are based on the minimum deposit balance from the previous calendar day, meaning you will start seeing rewards accumulate one day after your initial deposit.

6. Can I claim a reward without completing verification? No, rewards can only be received after successfully completing Wallet verification. 

If you fail to complete verification, you can still return your DOGS deposit from your Earn account to your Wallet, but the DOGS rewards you have collected will not be accessible.

7. I have passed verification, but cannot withdraw my reward. Why? This is most likely due to the low amount of prizes in your Earn account. 

The minimum withdrawal amount for a prize is 50 DOGS. If you have less than 50 DOGS in your reward balance, consider keeping your deposit in your Earn account a little longer until you reach the minimum withdrawal amount. 

At the end of the campaign, you will be able to withdraw all Earn rewards, even if the amount is less than 50 DOGS in total.

8. My verification (KYC) was not successful. Can I still receive gifts? What about my deposit? No, successful verification is mandatory to receive your collected rewards, in accordance with the Campaign Terms and Conditions. 

If you do not pass the verification process, you will still be able to return your DOGS deposit from your Earn account to your Wallet.

9. I no longer want to participate in the campaign. How to withdraw the accumulated prizes and close the deposit? You can return your deposit from your Earn account at any time if you no longer wish to participate in the promotion. 

To do this, tap 'Close DOGS Campaign & Withdraw'. The deposit will be returned to your DOGS balance in Wallet. The rewards you have collected will remain in your Earn account, ready for you to claim. 

To withdraw your rewards, simply tap 'Claim Rewards'. After successful verification (KYC), the prize will be credited to your Wallet.

10. I withdrew funds from the Campaign and closed my deposit. Can I participate again? Yes, you can participate again. However, the APY rate may differ if you return outside the current period.

11. The campaign has ended, but I haven't had a chance to claim my prize. What will happen to my prize? You will be able to claim your rewards within 7 days of the end of the campaign by tapping 'Claim Rewards'. 

If you do not withdraw your prize by September 6, the accumulated prize will be forfeited, and it will be impossible to withdraw it then.

Conclusion

Earn DOGS for DOGS offers a golden opportunity for DOGS token holders to maximize their assets with very attractive returns. With up to 300% APY, this program can be an effective way to increase your DOGS holdings in a short time. 

That is the discussion regarding this interesting program from Wallet. So, interested in this program?

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