How does Lite work?

Lite is the free starting tier on Plasma One, available to everyone. It is a great way to get started: you earn cashback on everyday card spend, access your XPL balance, and can work your way toward Core over time.

Earn cashback on eligible card purchases, paid in XPL.

Your cashback rates and perks are tied to your tier, not your card. All cards on your account benefit from your current tier regardless of which card you use to spend.

Cashback is calculated at the point your transaction settles or is captured, not when it is authorised.

Cashback is currently paid out weekly (currently on Thursdays). Rewards may remain pending for several days after a transaction posts and vest only at the end of the pending period. Payout timing may change.

→ See: How cashback works on Plasma One

→ See: How do I refer a friend?

→ For a fee breakdown on FX, onramp and offramps fees, see: What are the fees on Plasma One?

Lite members receive standard support.

Lite does not include:

These are available on Core and Platinum.

→ See: Comparing Lite, Core, and Platinum

You can upgrade to Core or Platinum at any time from the Tiers tab in the app.

During the promotional period, Core is free for the first 30 days from launch. After that, you can upgrade to Core by paying $199 per year or locking 20,000 XPL for 12 months.

→ See: How do I upgrade my tier?

→ See: How do I get free Core for 12 months?

Full details on cashback eligibility, referral conditions, and tier benefits are in the Plasma One Rewards Addendum.

Rates, amounts, limits, eligible merchants and perks are the parameters currently in effect. They are variable and may change prospectively in accordance with the Plasma One Rewards Addendum.

XPL is a digital asset. It is not legal tender, is not a bank deposit, is not government-backed, and is not FDIC or FSCS insured. Its value can fall as well as rise and may decline to zero.

UK users: Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk. See the additional disclaimers here.