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2023-11-13Smart bonusCST calculation for Smart Swap

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CST calculation for Smart Swap

There are three bonus tiers in Smart swap: 

Tier 1: Swap volume is less than or equal to $1,000 - Each $100 transaction will be rewarded with 5 CST. 

Tier 2: Swap volume is more than $1,000 and less than or equal to $10,000 - Each $100 transaction of the first $1,000 will be rewarded with 5 CST as per Tier 1. For the remaining amount over $1,000, each $100 will be rewarded with 6 CST for Tier 2. 

Tier 3: Swap volume is more than $10,000 - Each $100 transaction of the first $1,000 will be rewarded with 5 CST as per Tier 1. Each $100 transaction of the next $10,000 will be rewarded with 6 CST as per Tier 2. For any value over $11,000, each $100 will be rewarded with 7 CST for Tier 3. 

Below is a detailed guide on how to accurately determine the number of CST rewarded in the smart bonus feature, with an example for each tier: 

• Tier 1 Calculation Guide - Eligibility: Swap value is equal or less than $1,000. 

Bonus Calculation: For each $100 swapped, the user will be rewarded with 5 CST. 

Steps to Calculate: 

Step 1: Divide the swap value by $100. 

Step 2: Multiply the result from Step 1 by 5 to get the number of CST awarded.

 Example for Tier 1: 

Swap value: $650 

First, take $650 / $100 = 6.5 Since only full increments of $100 are considered, we take 6 (ignoring the decimal part). 6 * 5 CST = 30 CST. 

Thus, the total CST rewarded is: 30 CST. 

Figure 1: The number of CST rewarded for Tier 1 with a swap amount of 650 USD.

• Tier 2 Calculation Guide - Eligibility: Swap value is more than $1,000 and less than or equal to $10,000. 

Bonus Calculation: 

For the first $1,000, each $100 swapped will receive 5 CST (same as Tier 1). For the remaining value over $1,000, each $100 swapped will receive a reward of 6 CST. 

Steps to Calculate: Step 1: Calculate the Tier 1 bonus for the first $1,000. 

Step 2: Subtract $1,000 from the total swap value. 

Step 3: Divide the result from step 2 by $100. 

Step 4: Multiply the result from step 3 by 6 to get the number of CST for the remaining amount. Add the results from step 1 and step 4 to get the total CST rewarded. 

Example for Tier 2: Swap value: $3,500 

For the first $1,000: $1,000 / $100 = 10 * 5 CST = 50 CST 

Remaining value: $3,500 - $1,000 = $2,500 

Then take $2,500 / $100 = 25 * 6 CST = 150 CST 

Total CST Rewarded: 50 CST (Tier 1) + 150 CST (Tier 2) = 200 CST 

Figure 2: The number of CST rewarded for Tier 2 with a swap amount of 4,500 USD.

• Tier 3 Calculation Guide - Eligibility: Swap value is more than $10,000. 

Bonus Calculation: 

For the first $1,000, each $100 swapped will receive 5 CST (same as Tier 1). For the next $10,000, each $100 swapped will receive 6 CST (same as Tier 2 for amounts over $1,000). For any value over $11,000, each $100 swapped will receive a reward of 7 CST. 

Steps to Calculate: 

Step 1: Calculate the Tier 1 bonus for the first $1,000. 

Step 2: Calculate the Tier 2 bonus for the next $10,000. 

Step 3: Subtract $11,000 from the total swap value. 

Step 4: Divide the result from step 3 by $100. 

Step 5: Multiply the result from step 4 by 7 to get the number of CST for the remaining amount. Add the results from steps 1, 2, and 5 to get the total CST rewarded. 

Example for Tier 3: 

Swap value: $15,500 For the first $1,000: $1,000 / $100 = 10 * 5 CST = 50 CST 

For the next $10,000: $10,000 / $100 = 100 * 6 CST = 600 CST 

Remaining value: $15,500 - $11,000 = $4,500 $4,500 / $100 = 45 * 7 CST = 315 CST 

Total CST Rewarded: 50 CST (Tier 1) + 600 CST (Tier 2) + 315 CST (Tier 3) = 965 CST

Figure 3: The number of CST rewarded for Tier 2 with a swap amount of 15,500 USD.

By following these steps, you can accurately calculate the CST rewards for any swap value according to the three tiers described in the smart bonus feature.