The GNO Cashback Offer allows Gnosis Pay users to earn rewards based on their GNO token holdings and card transactions. Below, you’ll find everything you need to know about eligibility, how to participate, and how cashback is calculated.
What Is the GNO Cashback Offer?
This offer rewards eligible Gnosis Pay users with cashback in GNO tokens based on the amount of GNO they hold in their Gnosis Pay Safe and their qualifying card payments. The more GNO you hold, the higher your cashback percentage—up to a maximum of 4%. Approved by GnosisDAO under GIP-110, this programme is managed by Karpatkey, with rewards distributed weekly. See the full terms on the GIP forum post.
Account’s Eligibility Criteria
To join the cashback programme, your account must meet these criteria:
Active Gnosis Pay Account: Your account must be active (not frozen, suspended, or closed).
GNO Token Holding: Hold at least 0.1 GNO in your Gnosis Pay Safe before the snapshot period (details in the "Snapshot Period" section).
Compliance: Be in compliance with Gnosis Pay’s terms and conditions.
Accounts that do not meet these criteria at the time of distribution will not be eligible for cashback.
How to Participate
Opt-In: Register for the offer through the Gnosis Pay Web App.
Hold GNO Tokens: Ensure you hold at least 0.1 GNO in your Gnosis Pay Safe throughout the whole snapshot period.
Make Card Payments: Use your Gnosis Pay card for eligible payments. (Refer to "Eligible Transaction Volume" section for qualifying transactions.) Note that cashback limits apply as a 4-week rolling window: EUR 20,000, GBP 18,000, or USD 22,000.
E.g.: You'll stop earning cashback if the sum of the last 4 weeks is higher than the amounts mentioned and will resume earning cashback when this sum goes below the threshold.
Note: You may opt out of the offer at any time by lowering your GNO balance below 0.1 GNO or transferring tokens out of your Gnosis Pay Safe.
Cashback Calculation
Cashback is calculated every Thursday, based on:
Eligible Transaction Volume
Cashback Multiplier (ranging from 1% to 5%).
Snapshot Period: Each snapshot period runs from Sunday 00:00 to Saturday 23:59, and cashback is distributed the following Thursday.
Snapshot Period:
Each snapshot period runs from Sunday 00:00 to Saturday 23:59, and cashback is paid out the following Thursday.
All purchases are considered using the clearing date, not the transaction date.
Eligible Transaction Volume:
Included: POS and E-commerce purchases.
Excluded:
Withdrawals and reversed withdrawals
Account/wallet top-ups (e.g., Revolut, Wise, PayPal) and Curve cards
Trading, financial and insurance-related products
Rent and property management (Includes utility bills)
Tax/fees/donations to governmental or religious institutions
Direct technology-related services (E.g. Development freelancer, Data processer)
Subtracted: Credit vouchers and payment reversals reduce your eligible volume.
Cashback Multiplier
Your cashback rate is based on the lowest GNO balance held in your Gnosis Pay Safe address during the snapshot period:
0 GNO: 0% cashback
0.1 GNO: 1% cashback
1 GNO: 2% cashback
10 GNO: 3% cashback
100 GNO: 4% cashback
OG Bonus: Users with a Gnosis Pay OG NFT in any linked wallet receive an additional 1% cashback. If your GNO Holding Rate is 0, you won’t receive this bonus.
Example:
If you add 0.1 GNO on Monday and hold a Gnosis Pay OG NFT:
With 0 GNO as the lowest balance during that Snapshot Period, you’ll earn 0% cashback.
In the next snapshot period, if your lowest balance is 0.1 GNO, you’ll receive 2% cashback (1% holding rate + 1% OG NFT bonus).
Cashback Payout
Cashback rewards are distributed weekly in GNO tokens to your Gnosis Pay Safe. The payout is calculated in your card’s currency using the GNO/USD, EUR/USD, or GBP/USD rate at the time of distribution.
Important Rules
Payment and GNO Manipulation: Activities like wash trading, self-dealing, or refund cycling will disqualify you from receiving cashback. Purchases meant to game the system are also excluded.
Refunds: If a card payment is refunded, cashback for that amount is suspended until offset by new eligible payments.
Limits and Availability
The cashback programme will end when the reward pool of 10,000 GNO is exhausted or as determined by GnosisDAO. You can check the reward pool’s status here.
Terms and Conditions
Please read the full terms and conditions on GIP-110 here.
Need Help?
If you have questions, feedback, or need assistance with the GNO Cashback Offer, please contact us at the chat or [email protected]. We’re here to help!
Tax Considerations
Cashback rewards may be taxable based on your local regulations. You are responsible for any taxes, levies, or duties, and for reporting cashback rewards where required.
No Financial Advice
Holding or transferring cryptocurrency involves risks, including potential financial loss. Please seek professional financial advice before making investment or trading decisions.