A New Membership Program that Gives You Crypto Rewards
April 29, 2022
3 min read
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We’re excited to announce that we’ve revamped and improved our market leading membership program. Instead of simply gaining points, we’re now offering you the chance to earn our new native MCT token – and so much more in terms of higher returns, lower fees, and affordable loans.
Let’s start with how we are replacing your membership points.
From May 5th, 2022 the MCT token will replace points in our membership program.
What is the MCT Token?
MCT is our new native token. When you earn (or buy) MCT, you unlock MCT membership benefits, including higher returns, affordable loans, and lower fees – just for you.
The more MCT you own, the higher your membership tier. With the highest tier enjoying the best rewards, including:
- Crypto Lend: Earn up to 15% APY.
- Fixed-term investments: Earn up to 8.4% APR.
- Lending Lottery: Earn up to 1.2% and up to 4 extra tickets for every $2,000 invested.
- Crypto-backed loans: Pay from just 3.6% APR.
- Crypto Swap: Up to 90% discount on swapping fees.
- Referral program: Earn up to $20 and up to 20% of referee’s interest.
MCT rewards you for participating on MyConstant while also helping you fulfill your financial goals — now and in the future. With rewards lasting as long as you hold MCT in your MyConstant wallet.
What is the new MyConstant membership program?
In short, the MCT token will replace points – so you will now earn tangible rewards quicker than ever before.
The membership program will be split into four tiers. The more MCT you hold in your coin balance relative to your total MyConstant assets (USD and cryptos), the higher your membership tier — the better your rewards.
| # | Membership Tier | MCT Threshold (Proportion of MCT to your overall holdings on MyConstant) |
| 1 | Base | Up to 3% |
| 2 | Gold | 3% to 7.5% |
| 3 | Platinum | 7.5% to 15% |
| 4 | Diamond | 15% and above |
When you reach the percentage thresholds, your membership is automatically upgraded and rewards available instantly.
Rewards breakdown
Crypto Lending
| # | Membership Tier | Cap | Interest (On USDT or USDC) | Exceed Cap | Post-cap Interest |
| 1 | Base | 0 – $5,000 | 12.500% | $5,000+ | 8.0% |
| 2 | Gold | 0 – $20,000 | 13.125% | $20,000+ | 8.4% |
| 3 | Platinum | 0 – $50,000 | 13.750% | $50,000+ | 8.8% |
| 4 | Diamond | 0 – $100,000 | 15.000% | $100,000+ | 9.6% |
Borrowing (Crypto-Backed Loans)
| Tier | Discount % interest for Borrower | Crypto-backed loan APR (30-day term) | Crypto-backed loan APR (90-day term) | Crypto-backed loan APR (180-day term) |
| Base | 0% | 6.00% | 6.50% | 7.00% |
| Gold | 20% | 4.80% | 5.20% | 5.60% |
| Platinum | 30% | 4.20% | 4.55% | 4.90% |
| Diamond | 40% | 3.60% | 3.90% | 4.20% |
Fiat (USD) Lending
| Tier | Bonus % daily Interest for fiat Investor (fix term) | Fiat lending APR (30-day term) | Fiat lending APR (90-day term) | Fiat lending APR (180-day term) |
| Base | 0% | 6.00% | 6.50% | 7.00% |
| Gold | 5% | 6.30% | 6.83% | 7.35% |
| Platinum | 10% | 6.60% | 7.15% | 7.70% |
| Diamond | 20% | 7.20% | 7.80% | 8.40% |
How can you purchase MCT?
If you’re based in the US, you can buy MCT on Pancake Swap. Follow the steps below or have a read through a recent blog that gives detailed instructions.
Step 1. Add and select BSC network to your MetaMask wallet.
Step 2. Access the PancakeSwap website.
Step 3. Connect your MetaMask wallet.
Step 4. MCT Token selection
Step 5. Transfer Binance Coin (BNB) to your MetaMask wallet.
Step 6. Swap confirmation
After the transaction is submitted, wait for confirmation and that’s it!
If you’re not a US resident, You can purchase MCT by swapping it with other cryptocurrencies on a crypto swap service. (Such as our own on MyConstant).
*Note that MCT is only available to buy and sell from May 5th onward.
New interest rates
To make way for the changes above, the base rate for lending your USDC & USDT will reduce to 12.5% on May 5th 2022.
However, you can earn up to 15% when you buy and hold MCT from May 5th 2022
A membership program with real rewards
So, there you have it. From May 5th, you’ll start to earn real benefits with our new membership program. As we launch our MCT token, we’re excited to see what the next few months and years will bring for all of us.
This groundbreaking membership program is just one of several new initiatives we’re undertaking. Keep your eyes peeled for a new NFT lending platform, which will help you unlock the value of even more digital assets.
We’re moving quickly towards an innovative digital finance ecosystem, giving you more investment and borrowing opportunities than ever before. Don’t miss out on joining our journey at this early stage, to make the most of the rewards from today.
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George Schooling
