It’s that wonderful time of year again! At the end of September, our third quarterly WP exchange will take place, the second last one of 2020 - and what a year it’s been!
How do I know if I have qualified?
You’ll be receiving an email shortly to confirm if you have qualified for this WP exchange, as well as an in-app notification. As always, only those Pynksters who have earned sufficient WP’s will qualify. In simple terms, the more you have predicted, the more likely it is that you will qualify.
If you didn’t make the cut this time around
Don’t panic! Your accrued WP’s will carry over and give you a great head-start so you can be sure to qualify for December’s exchange.
I’ve qualified (yay!) what do I need to do now?
Nothing really. If it’s your first time exchanging, you’ll be invited to progress with the KYC process. Remember that generally accepted forms of ID are Passports and Driving licenses. We realize that the KYC process isn’t as slick as it could be and are working on a solution that will make this process easier in the future. If you are struggling with KYC please contact us at the usual address and we will try to help you - email@example.com. If you do not have ID you will not be able to pass KYC
Can I withdraw my earnings?
Not yet…but soon! Investor wallet is due to launch in November (specific dates to follow soon so stay tuned!) Once the investor wallet is launched, you’ll be able to withdraw any earnings as whenever you like. There are no lock-up periods or qualifying criteria as you get with some other projects out there. You earned it, it’s yours. Of course, we hope that you will keep your earnings in our managed portfolio and reap the rewards of compound interest over time - but that is entirely up to you!
How much are my WP’s worth?
This will vary from exchange to exchange, based on a number of factors, including how many WP’s you earned and what % of the total number of WP’s distributed those earnings make up. This will be divided by the total cash value that has to be spread amongst all the qualifying Pynksters. You will be given an estimated cash amount when your WP’s are converted so you will have a good idea of their value. It’s a bit like Christmas for Pynksters
Should you have any other questions regarding this - then please do ask in the comments below.