1. What is the GNO Cashback Offer?
The GNO Cashback Offer lets eligible Gnosis Pay users earn cashback in GNO tokens based on their GNO holdings and eligible card payments. The more GNO you have in your Gnosis Pay Safe, the higher the cashback percentage will be - up to a maximum base cashback of 4%. This offer was approved by GnosisDAO under GIP-110 and is operated by Karpatkey. The full terms of the offer can be found on the GIP forum post here.
2. Who is eligible for the GNO Cashback Offer?
To be eligible for the cashback offer, you must:
Have an active Gnosis Pay account that is not frozen, suspended, or closed;
Hold at least 0.1 GNO tokens in your Gnosis Pay Safe during the "snapshot period" (the seven days before a card payment); and
Comply with Gnosis Pay’s terms and conditions.
If you don’t meet these criteria, you won’t receive any cashback.
3. How do I participate in the GNO Cashback Offer?
To participate, follow these steps:
Opt-in to the offer via the Gnosis Pay Web App.
Hold at least 0.1 GNO tokens in your Gnosis Pay Safe during the snapshot period.
Make eligible payments using your Gnosis Pay card (ATM withdrawals are not eligible).
You can opt out of the offer anytime by reducing your GNO balance below 0.1 GNO or transferring your GNO tokens out of your Gnosis Pay Safe.
4. How is cashback calculated?
Cashback is based on two things: your eligible transaction volume and your GNO holding rate (which ranges from 1% to 5%).
To calculate your cashback, we multiply your eligible transaction volume by your GNO holding rate.
The snapshot period runs from Sunday to Sunday, and cashback is paid out the following Thursday.
Eligible Transaction Volume:
Included: All payments.
Excluded: Withdrawals, transfers to other accounts (like Revolut or CURVE), and any reversed withdrawals.
Subtracted: Credit vouchers and payment reversals lower your eligible volume.
GNO Holding Cashback Rate:
0.1 GNO or more: 1% cashback.
1 GNO or more: 2% cashback.
10 GNO or more: 3% cashback.
100 GNO or more: 4% cashback.
OG NFT holder bost: +1% cashback.
For your first deposit, we use that amount as your lowest balance for the period. For example, if you deposit 1 GNO on Monday and add 9 more on Thursday, the lowest balance for that period will be 1 GNO, giving you 2% cashback. Next week, with 10 GNO, you'll earn 3%.
5. What is the OG Bonus?
If you hold a Gnosis Pay OG NFT in your EOA wallet, you’ll receive an additional 1% cashback on top of your base cashback. For example, if you qualify for 3% base cashback, OG holders would get a total of 4% cashback.
6. When will I receive my cashback rewards?
Cashback rewards are distributed weekly in GNO tokens to your Gnosis Pay Safe. You’ll receive your cashback 5-12 days after your eligible card payment. The rewards are calculated based on the GNO/USD, EUR/USD, or GBP/USD exchange rate at the time of distribution.
7. Are there limits on how much cashback I can earn?
Yes, cashback applies to card payments up to a maximum of EUR 20,000, GBP 18,000, or USD 22,000 per calendar month. Payments above these amounts will not qualify for cashback.
8. What happens if I get a refund on a card payment?
If you receive a refund on a card payment, your cashback rewards will be suspended until the refunded amount has been offset by new eligible payments. You won’t receive further cashback until this balance is settled.
9. What activities are considered manipulation, and how does it affect my eligibility?
Activities like wash trading, self-dealing, refund cycling, and other attempts to manipulate the offer will disqualify you from receiving cashback. If you’re found engaging in these activities, you may be banned from future reward programs.
10. When does the cashback offer end?
The cashback offer ends either when the total reward pool of 10,000 GNO is exhausted or as determined by GnosisDAO. Cashback is only available while funds remain in the reward pool.
11. What should I do if I have a dispute or issue with the offer?
Disputes or issues related to the offer will be resolved through arbitration. Group litigation or class actions are not allowed. For assistance, you can contact the support team at [email protected].
12. Are cashback rewards taxable?
Cashback rewards may be taxable, depending on your local tax laws. You are solely responsible for any applicable levies, duties, or taxes and for reporting your cashback rewards if that is required in your jurisdiction.
13. Is there any financial risk involved in participating in the offer?
Yes, holding and transferring cryptocurrency carries risk, including the possibility of loss. Please consult a financial advisor before making any investment or trading decisions.