Aright! We have already dug into the definition of the x: tag, its features, what it can be used for, and, lastly, how it can be used for transacting. Today, we dive deeper into the understanding of the points and rankings system of the x:tag feature.
Points or ‘X:points’ as they are mainly called on the application, are given based on specific actions you carry out on the ntradeX application that can later be redeemed via rewards. These specific actions are:
1. Onboarding (Low Points):
- Account creation.
- Setting your x:tag name.
- Completing cadre 3 KYC verification (per country of residence).
2. Transfers (Medium Points):
- To any beneficiary.
- To an NtradeX user (user-to-user transfer).
3. Deposits (High Points):
- Deposits via X-Transfers (received money from via x:tag).
- Deposits via transfers.
- Deposits via saved card details.
- Deposits via non-saved card details.
- Deposits into multiple currencies/wallets.
4. Other Transactions (High Points):
- Exchange of currency.
- International payments.
- Volume of Transactions monthly.
5. Referrals (High Points):
- Referring a new user.
- The referral completes onboarding and makes their first transfer.
Now that the necessary actions to boost your points have been stated, let’s talk about the point rankings they are attached to.
1. Recruit:
This is the lowest point ranking in the ranking system. It accrues points from 0 – 249,999.
2. Commander:
It accrues points from 250,000 – 499,999.
3. Veteran:
It accrues points from 500,000 – 749,999.
4. Ghost:
This is the highest point ranking in the ranking system. It accrues points from 750,000 – 1,000,000.