Omnichain cryptocurrency wallet Reunit Wallet has debuted a volume-based reward program.
The program, announced Monday (Feb. 5), is designed to stimulate trading activity on its platform and attract new users.
“Starting now, for every $100 in generated volume, users will receive 1 REUNI,” the company said in a news release. “Additionally, if a referral code is used, a 25% bonus will be applied.”
The release added that users who share their referral code will also get a 25% bonus on the rewards generated by the traders they’ve referred.
Reunit Wallet also plans to soon roll out a staking feature for REUNI tokens, giving participants 50% of the fees generated from transactions made through Reunit Wallet.
In other crypto trading news, Bakkt announced last month it has expanded its crypto trading capabilities to Brazil, Guatemala, Spain, Hong Kong and Singapore.
International expansion is a major priority for the company in 2024, Bakkt CEO Gavin Michael said in a news release.
“We’re excited about what these regions have to offer, and our ability to make crypto more accessible to millions of people,” Michael said. “Executing for our clients is of utmost importance and we are collaborating closely with them to ensure that we’re catering to the specific preferences of our clients and being thorough in our debut into these new markets.”
Michael said last year that Bakkt is prioritizing international expansion as a major component of its strategy, recognizing the potential for generating growth and revenue outside of the challenging U.S. market.
This launch of the GT Protocol is made possible through a strategic partnership with ChainGPT Pad, a launchpad and incubator supporting promising Web3 startups.
“Accessible through ChainGPT’s IDO [initial DEX offering] launchpad, ChainGPT Pad, the GT Protocol offers users a non-custodial setting to access CeFi, DeFi and non-fungible tokens (NFTs),” PYMNTS wrote.
The offering provides a secure and transparent environment for asset and portfolio management, as well as efficient algorithmic trading tools.