Rewards program
How it works
The BVGS Rewards Program lets you earn monthly ETH rewards by referring friends to subscribe to BVGS. For each friend who signs up using your referral code and sucessfully activates a subscription, you'll earn recurring monthly rewards that multiply in value based on the subscription tiers of the Bags you hold.
Your friends get 50% off their first month, and you earn recurring monthly rewards once they activate their subscription!
How to earn rewards
- Maintain an active BVGS subscription
- Share your unique referral code with friends
- When they activate a subscription, they get 50% off their first month
- You earn recurring monthly rewards once they activate their subscription
- Come back to the rewards page during the next epoch to claim your reward
Monthly rewards potential
Your monthly rewards are calculated based on two factors:
- The number of successful referrals that activate their subscription using your referral code
- The type of BVGS NFT subscription tiers you own
We use an industry standard Merkle proof to securely distribute rewards on the Ethereum blockchain. At the start of each month, our system calculates rewards for all eligible wallets based on your current rate. When you claim, we will generate your personal proof and submit it to the smart contract. The smart contract verifies you own a BVGS NFT, that you're eligible for the specific reward amount, and allows you to retrieve your reward from the smart contract. Multiple subscriptions stack, increasing your reward rate.
Reward rates by subscription tier
Subscription | 1 Referral | 10 Referrals | 25 Referrals | 50 Referrals | 100 Referrals |
---|---|---|---|---|---|
Basic | 0.0003 ETH/mo | 0.003 ETH/mo | 0.0075 ETH/mo | 0.015 ETH/mo | 0.030 ETH/mo |
Standard | 0.0006 ETH/mo | 0.006 ETH/mo | 0.015 ETH/mo | 0.030 ETH/mo | 0.060 ETH/mo |
Advanced | 0.0009 ETH/mo | 0.009 ETH/mo | 0.0225 ETH/mo | 0.045 ETH/mo | 0.090 ETH/mo |
Subscription tiers and benefits
Each BVGS NFT tier comes with its own set of features designed to enhance your self-custody experience:
Our commitment to blockchain technology
Our business and rewards model ensures that part of your subscription fee paid through normal fiat currency via Stripe will be converted and reinvested back into the Ethereum network when distributed as rewards. This ensures a consistent positive inflow of capital to the Ethereum ecosystem, allowing us to contribute our part to strengthening the Ethereum blockchain.
When you refer friends to BVGS, you're not just earning rewards - you're helping to grow the Ethereum ecosystem by bringing new users and capital into the network.
Frequently asked questions
Terms and conditions
- Rewards are only available to users with active BVGS subscriptions.
- BVGS reserves the right to modify or terminate the rewards program at any time.
- Rewards are distributed to the wallet address that holds the BVGS NFT.
- Any attempt to game or abuse the system will result in disqualification.
- Rewards are calculated based on successful referrals (subscribed users).
- BVGS reserves all rights to determine eligibility for rewards.