Have you always been interested in the world of crypto? Good news.
Crypto is now on Drop.
Finally, a place where you can ride the waves of crypto with Drop points and learn about the crypto-verse without investing your dollars.
How does it work?:
Drop users can use their Drop points to invest in the success of crypto and ride the waves of crypto. By converting their points into crypto, Drop users are not buying and owning crypto but rather watching their points fluctuate in the crypto-verse.
Can I convert my invested Drop points back into cash?:
No. Drop points invested into crypto can only be converted back into Drop points.
What are the benefits of investing into the crypto feature?:
The crypto feature allows you to study and learn the rise and falls of crypto, without having to put your cold hard cash behind it. Drop points can also grow and get you more out of Drop rewards.
How do I gain access to the crypto feature on Drop?:
- Become a Drop Premium member by linking your card
- Collect 25,000 points or more to unlock the crypto feature
How many points can I invest into the crypto feature at a time?
Once you have 25,000 points and are a Drop Premium member, you unlock the crypto feature. Once your point balance dips back under the 25,000 mark, the feature locks.
Investment amount are set at:
- 25,000
- 50,000
- 75,000
- 100,000
- 250,000
These amounts are fixed and cannot be customized. Let’s say you have 74,000 points, you can only invest 50,000. Or if you have 80,000, you can only invest 75,000.
Is there a limit to the amount of points I can invest into the crypto feature?
Yes. The limit is 250,000 per month. You can choose to reset your limit for the month by withdrawing your points in which case your limit resets.
How does conversion work in-app?
Conversion is 1:1, no inflation. Drop users will see their conversion in the currency their account is in (CAD or USD) So to break it down:
1,000 Drop points will have the same value as $1
*reminder: Drop users are not investing in the value of crypto, but in the behaviour of crypto. Therefore, invested points can be reverted back into their account to redeem gift cards. There is no cash back option.
Can Drop give me advice on my Drop crypto decisions?
Since we are not a professional financial institution, we are unable to provide any investment advice. But we do recommend members to do their own research!
