Our Loyalty Program is our way of thanking you for being an active part of this project and helping it grow. 🫂
It consists of three parts: Cashback, Referral Program, and a Reward of up to 8% annually. Here's a detailed explanation:
Cashback
We give you 1% cashback on everything you purchase with your UGLY Visa card. 🔥
In case you're wondering... What is cashback?
Cashback is a reward where we return a percentage of the money you spend when you make purchases with your card. We reward your loyalty as a member by adding value to every transaction you make.
Referral Program
A win-win. New users who use your Uglytag as a referral code will unlock the final 1% APY on their balance to reach 8%, and you will receive a weekly reward equivalent to 1% annual RSR based on the balance of ALL the people you refer—whether it's 1, 10, or 10,000 people. 🔥
Reward of up to 8% annually
By having a balance in UGLYCASH, you earn an annual yield of up to 8%, credited in real time.
Just by holding a balance in the app, you get:
A base yield of 4% annually on your balance, with the potential to increase it up to 8%. 😱 Want to know how? More info [here].
Your yield is credited second by second—you can watch your money grow live. 🤑
Your funds generate yield without being locked. They're always available to use or withdraw.
Frequently Asked Questions
When will Cashback and Referral Program rewards be credited?
When will Cashback and Referral Program rewards be credited?
Both rewards will be credited to your balance in RSR starting every Friday. The process is progressive, so there’s no set time for the payment to be executed. It might take a little while, but don’t worry — once you receive them, we’ll send you a notification. So, if you haven’t enabled app notifications yet, this is your sign to do it. 😉
This reward applies to all purchases made with your Ugly Visa that are completed before the cutoff time. Cashback for transactions completed after that time will be credited the following week
What is RSR?
What is RSR?
RSR is the utility, rewards, and governance token of the Reserve Rights ecosystem.
You can find more information about RSR by clicking here.
The quick and easy answer is that RSR is a cryptocurrency, but the correct definition is that RSR is a token.
So, what’s the difference between a token and a cryptocurrency?
Cryptocurrencies operate on their own blockchain, like Bitcoin or Ethereum.
Tokens, on the other hand, use the blockchain of an existing cryptocurrency.
Since RSR doesn’t run on its own blockchain, it’s considered a token.
You can find more information about RSR [here] (information available in English only).
What can I do with my RSR?
What can I do with my RSR?
Send it to your dollar balance in UGLYCASH:
Go to the “Loyalty” section and select the “Convert to eUSD” option.
Enter the amount you want to convert; its equivalent in eUSD will be displayed automatically.
Click the “Convert” button — and you're done!
Withdraw it to your external wallet in RSR:
Go to the “Loyalty” section and select the “Withdraw” option.
Register your RSR wallet on the ETH network, assigning it an alias to make it easier to remember. Click “Continue” (you only need to do this once).
Enter the amount you want to withdraw and click the “Withdraw” button — that’s it!
Your transaction details will be available in the Activity section.
What price does UGLYCASH use when converting RSR to eUSD?
What price does UGLYCASH use when converting RSR to eUSD?
We use the RSR price listed on CoinGecko at the time your rewards are credited each Friday, and at the moment you choose to withdraw your RSR to your UGLYCASH balance.
Can people who already have a UGLYCASH account be referred?
Can people who already have a UGLYCASH account be referred?
No, people with previously created accounts cannot be referred. Only new members are eligible to be referred.
Please note that new sign-ups are not available in Venezuela
This article does not apply to our members in Venezuela.
For more information about our Loyalty Program for Venezuela, please refer to this article.