What is a reward?
In the cryptocurrency sphere, rewards are usually incentives offered to users who perform certain activities within a platform or service. In the Bit2Me Earn service, users can receive rewards in the form of cryptocurrencies for keeping their funds deposited on the platform for a certain period of time.
In this sense, rewards are calculated based on the APY, which is the metric that indicates the amount of interest that can be earned per year.
They are updated based on market changes and can be consulted in real time.
How often are rewards given in Bit2Me Earn?
In Bit2Me Earn you can get daily or weekly rewards depending on the frequency type you prefer:
If you lock B2M, the reward is delivered daily from 12:00h (GMT +1) onwards.
If you lock other currencies and receive the reward in B2M, they will be delivered daily from 12:00h (GMT +1) onwards.
If you lock other currencies and receive the reward in the same currency, it is delivered weekly on Monday from 12:00h (GMT +1) onwards.
Rewards are calculated every 30 minutes and accumulate until the time of distribution. The minimum reward that can be received in each distribution is €0.001, so at least that amount must be accumulated to receive the reward.
Where do these rewards come from?
In the case of rewards with B2M, the distribution of rewards is done daily, meaning that every day more than 270,000 B2M are distributed among all participants of the B2M Farming Pool according to the amount deposited, calculating the reward percentage every 30 minutes.
On the other hand, rewards from cryptocurrencies validated with Proof of Validation, such as Ethereum, come from staking those same cryptocurrencies in validation nodes to secure and maintain the network.
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