When does the campaign start and end?
The campaign kicks off on August 1st 2023 (date inclusive, Singapore time) and will continue until January 31st 2023 (date inclusive, Singapore time).
How can I join this promotion to receive the bonus reward?
Create a monthly recurring buy for DFI token through our mobile app, and set the recurring date.
Your entry will be considered eligible for the bonus reward on the date you've set for the recurring buy. The reward bonus will be received immediately and entered into 1-year (12 months) Fixed Staking.
How can I get started and set a recurring buy?
Please refer to our step-by-step guide here: How to set up recurring buys in my Bake account?
How much can I earn?
Please refer to the table below.
Is the recurring buy feature available on the website (desktop)?
Setting up recurring buys is available only on mobile app for both Android and iOS.
You can download our Bake mobile app both on the Google Play Store and the Apple App Store via the links below:
Is this bonus available for other tokens as well?
No, this campaign is only for DFI Recurring Buys.
Do I need to meet a minimum purchase amount for the recurring buy to qualify for the bonus?
The minimum purchase amount is US$10.
Is there a maximum limit on the purchase amount for the recurring buy that qualifies for the bonus?
The maximum limit is US$999,999.99.
When and how will the bonus reward be distributed?
The bonus reward will be paid out in DFI and distributed on the date you’ve set for the recurring buy to start. The reward will be automatically entered into 1-year (12 months) Fixed Staking.
Is this promotion open to anyone?
This promotion is open to all users except for regions that are currently unable to use Bake Services.
Is there a maximum limit on the bonus reward amount that can be earned per month?
The bonus reward limit is capped at US$2,000 per user per calendar month.
How many recurring buy entries am I allowed to make?
Each user can only have one recurring buy entry at a time. Once you have created a recurring buy to start on a specific date, you cannot create another entry concurrently.
How many times can I earn the bonus reward within a single month?
You can earn the bonus reward once a calendar month on your first eligible recurring buy. There is a maximum of 1 payout per calendar month and the maximum bonus reward amount you can earn in a calendar month is capped at $2,000. If multiple recurring buys are made in the same calendar month (by e.g. canceling and resetting), the first recurring buy will be counted.
Can I use the bonus reward immediately?
The bonus reward will be paid out immediately upon an eligible recurring buy entry, and automatically entered into 1-year (12 months) Fixed Staking. You will be able to take out your bonus, once the Fixed Term reaches maturity.
Will there be a limit on the number of users who can earn the bonus reward?
There is no limit on the total number of users who can receive the bonus reward.
Can I change the amount for my recurring buy after receiving the bonus?
Yes, you can change the recurring buy amount. Simply cancel the existing recurring buy entry and create a new one with the adjusted amount. Please note that if you change the amount after the recurring buy has already started, it will be considered a new purchase.
Can I change the allocation of my recurring buy entry from Fixed Term to Flexible Staking?
Yes, after your entry went into the fixed term staking, you may disable the auto-renewal of that entry. In that case the entry will continue in the flexible staking once the fixed term is expired.
If you want to change the terms length of your future recurring buys: You’ll need to cancel the existing recurring buy entry before you can create a new entry. Please note that if you change the allocation type after the recurring buy has already started, it will be considered a new purchase.
Will the returns that are generated by my bonus reward be auto-compounded?
If you have enabled auto-compound in your allocation preferences, this means that any returns generated from the bonus reward entered into 1-year Fixed Term Staking will automatically be reinvested into Flexible Staking.
Can I earn even more on my recurring buys?
Yes, we are also kicking off our Baking Hot Summer Campaign parallelly to this campaign. For more information, please check our Baking Hot Summer Campaign FAQs.