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Smart Reward Tokens - SRT
Smart Reward Tokens (SRT) are used an ERC-20 swaping utility token in the Cash.Fi ecosystem. SRT holders are able to claim rewards through our play-to-earn features. The primary way that users are able to earn SRT is by submitting check-ins to be reviewed for quality; and posts with high-quality photos and captions are rewarded with SRT.
The goal of SRT is to align incentives between Cash.Fi users and local businesses in new, novel ways. This alignment occurs because:
- Users are rewarded for exploring and documenting with Cash.Fi, while simultaneously being incentivized to hold on to their earned tokens to claim even more rewards.
- Local businesses are rewarded when people explore them, with the opportunity to have both increased sales and earn SRT when Cash.Fi users go there.
In the future, we intend to build out staking rewards as an additional way to encourage users to hold SRT as long as possible.
Lastly, we intend to launch SRT in Q1 or Q2 of 2022. In the meantime, users of Cash.Fi can earn future claimable tokens that will become redeemable when the token is launched and priced.