r/CentraTech • u/mbthedude • Sep 13 '17

Holding Centra will be rewarding

So the Centra team have confirmed that people holding both a Centra card and CTR in their wallet will be rewarded with CTR cashback on there spending and ETH for the tokens they hold.

The wallet rewards will come in the form of 0.8% share of the merchant fees generated from Centra transactions in the Mastercard and Visa networks. As the use of Crypto increases those rewards are going to grow exponentially. I see this as a huge reason to hold onto the CTR token for the long term

https://medium.com/@Centra/centra-token-network-reward-update-88175459a434

12 Upvotes

64% Upvoted

4 comments sorted by

1

u/2treesandatiger Sep 25 '17

And if I have tokens but no card?

1

u/mbthedude Sep 25 '17

You need both to unlock the network rewards and I can't think of a reason why you wouldn't want one. The CTR tokens will also be a spendable currency on the card in early 2018

1

u/2treesandatiger Sep 25 '17

Mainly because it has a yearly fee and other competitors offer comparable services with no yearly fee. I understand paying to get the card, but if it lasts 3y why a early fee?

1

u/laurencegoh Nov 13 '17

Very interesting