How are rewards calculated?

All rewards based on purchases are based on our spinwheel.  Our spinwheel updates regularly, so be sure to see our current spinwheel to see today's prizes.  

After a purchase is authorized, you have five minutes to spin the wheel in order to get a reward.

There are several categories of rewards, and we are constantly adding new ones.  They are:

 

Matches

Matches are measured in multiples (2x, 10x, 100x).

Deposit Match

This reward matches the settled deposits you have made in the 30 days prior to the win in sats, multiplied by the active multiple. 

For example, for a 2x Deposit Match, if you deposited $1,000 in the prior 30 days, you would receive 2,000 sats.

Savings Match

This reward matches the current settled USD balance you have in your account, multiplied by the active multiple. 

For example, for a 2x Savings Match, if you had a settled balance of $1,000 at the time of the win, you would receive 2,000 sats.

Referrals Match

This reward matches the number of verified referrals you have made, multiplied by the active multiple.  A verified referral is a referral where a user has signed up for the Fold App using your unique referral link. 

For example, for a 100x Referral Match, if you had 10 referrals, you would receive 1,000 sats.

Spending Match

This reward matches the size of a purchase, multiplied by the active multiple. 

For example, for a 50x Spending Match, if you had a purchase of $100, you would receive 5,000 sats.

 

Boosts

Boosts are percentages (1%, 2%)

Spending Boost

This reward boosts the rewards your purchase by the listed percentage. 

For example, for a 1% spending boost on a $100 purchase, you would receive $1, in sats.

Fold Gift Card Boost

This reward boosts the rewards on your next gift card purchase by the listed percentage.

For example, for a 1% Fold Gift Card Boost, and then bought a $100 gift card, you would earn an additional $1 in sats when/if you made that gift card purchase.

Rewards Balance Boost

This reward boosts the rewards current settled balance in your rewards account by the listed percentage.

For example, for a 1% Rewards Balance Boost, and you had 100,000 sats in your reward account, you would earn an additional 1,000 sats.  

 

Bonuses

Bonuses are flat rewards. (1 Bitcoin, 2500 sats, etc.)

1 Bitcoin Bonus

This reward gives you 1 bitcoin!  Holy cow! This is not subject to prize-specific purchase minimums. 

For example, you can win 1 Bitcoin on any purchase.

1M Sat Bonus ($X minimum purchase)

This reward gives you 1,000,000 sats.  It is often subject to purchase minimums.  If a purchase does not meet the minimum, the win is a smaller sat amount, such as 1,000 sats.

For example, on a 1M Sat Bonus with a $60 minimum purchase:

  • On a purchase that is $60 or more, you win 1,000,000 sats.
  • On a purchase that is less than $60, you win 1,000 sats.
X Sat Bonus

This reward gives you a flat amount of sats per purchase.  It is not subject to prize-specific purchase minimums.

For example, for any purchase, you win 2,500 sats.

 

The spinwheel is triggered within 5 minutes of the authorization of an eligible purchases. For more details and the specific terms and conditions, see the current spinwheel terms and conditions in www.foldapp.com/legal 

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