Everything you need to know about withdrawing your $SWASH
🚨Withdrawal Limits
🚨Withdrawal Limits
To withdraw your earnings, you need to meet certain requirements. This is to ensure that you are verified as an active user while further preventing bots and fake users from draining the tokens from the Swash ecosystem, meaning those tokens are distributed fairly between real Swash members.
❗ To withdraw your $SWASH earnings from the app, you need to meet the following two conditions:
- You should have more than 10 SWASH in your wallet
- You should have been using the new version of Swash for at least one month
If you uninstall, didn’t use your browser, or turned Swash off, then your withdrawal counter will reset to 0. Check the day you are detected as active or inactive within the extension in the History page under ‘Management’.
If you try to withdraw before you meet these conditions, you will see an error message specifying the reason why you are unable to withdraw.
🚨Verify to Claim
As part of Swash’s anti-fraud measures, the Swash app now includes a Profile section where you can verify your email, phone number, and share basic information about yourself.
It’s important for the health of the Swash Data Union that only real members are compensated, which is why the Profile section has been introduced. It’s your space to introduce yourself to Swash and to prove you’re not a bot.
Everyone is able to withdraw their SWASH Earnings but only those who verify their profile can claim their SWASH Rewards.
💰Balance
Your earnings are divided into two:
SWASH Earnings — This is the total amount you’ve earned for the value of your data by surfing the web.
SWASH Rewards — This is the total amount you have received in rewards from referrals, airdrops, and everything except earnings from your data.
Press ‘Claim’ to add your referral bonus to your $SWASH earnings balance.
Remember, you need to verify your profile to be able to claim your rewards.
Below your balances, you can find your public wallet address. You can share this wallet address with others.
💸 How to withdraw
When you withdraw your $SWASH, you can then choose to exchange it for other cryptocurrencies or fiat currencies through various exchanges.
When you withdraw your earnings, you’ll be using Gnosis Chain, a cheaper, faster, and more efficient alternative to Ethereum mainnet.
Gnosis Chain:
Using Gnosis Chain is faster and Swash will cover the cost for you! 🎉
Set up your wallet according to the following instructions to receive your earnings (it only takes a few minutes!):
2. Add $SWASH as a token in your MetaMask Gnosis Chain wallet using the ‘Import Token’ button. You can find the $SWASH Token Contract Address here.
3. Copy the Metamask Gnosis Chain wallet address you just created and paste it in the ‘Recipient wallet address’ box below and click ‘Withdraw’
4. Withdrawal successful!
Understanding error messages
Blacklisting happens when people try to cheat referral programs or somehow generate fake data. If your behaviour is flagged, you will receive this error message when you try to withdraw.
If you are new to Swash and have been using it for less than one month, then you will receive an error message telling you the date from when you are able to withdraw.
You need at least 10 $SWASH to be able to withdraw. If your balance is too low, you will receive an error message.
About Swash
Swash is an ecosystem of tools and services that enable people, businesses, and developers to unlock the latent value of data by pooling, securely sharing, and monetising its value.
People share their data to earn while retaining their privacy. Businesses access high-quality, zero-party data in a sustainable and compliant way. Developers set up and build systems within a collaborative development framework with ease.
Swash is reimagining data ownership by enabling all actors of the data economy to earn, access, build and collaborate in a liquid digital ecosystem for data.
Let’s connect: Twitter | LinkedIn | Website | Newsletter
Originally published at https://swashapp.io on November 11, 2021.
