Overview
For the first 30 days from launch, you can upgrade to Platinum by locking 100,000 XPL instead of the standard 150,000 XPL. If you lock during the promotional window, you stay on Platinum for the full 12 months of your lock regardless of when the promotion ends.
How to claim
To claim the promotional Platinum rate:
Go to the Tiers tab in the app
Tap on the progress bar
Lock 100,000 XPL to confirm your Platinum upgrade
Your Platinum tier is active immediately. The promotional rate is only available for the first 30 days from launch.
→ See: Locking and unlocking XPL
Can I claim the free Core offer and then upgrade to Platinum?
Yes. If you claim the free Core promotion by depositing $100 during the 30-day window, you can still choose to upgrade to Platinum within the same promotional period by locking 100,000 XPL. Upgrading to Platinum replaces your free Core period.
→ See: Promotional Core offer
What happens after my 12-month lock ends?
When your 12-month lock matures, you can renew at the lock amount then in effect (currently 150,000 XPL) to stay on Platinum, or unlock and move to a lower tier. Locking 100,000 XPL during the promotion guarantees Platinum for the 12-month lock period only.
Terms
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.