In 2023, Nubank created a new customer loyalty program with the Nucoin (NCN) cryptocurrency, but the new program limits monthly earnings for participants.
O live coins found out that the income limit with Nucoin, in August 2023, is BRL 2,112.00 per month. This allows customers participating in the loyalty program to receive a maximum amount set by the digital bank.
“In the Nucoin benefit program, we have a limit of receiving Nucoins equal to BRL 2,112.00 per month. For this limit, we take into account the last value of Nucoin on the date before the date of receipt of Nucoins.”
In the past few days, the price of Nucoin has increased by 1,939% to BRL 0.24 per unit. This Saturday (19) each NCN costs just R$0.10, but despite the drop, the currency is up 963% in the past 30 days.
Nubank says the Nucoin monthly income limit is subject to change
All Nucoin customers who register for the loyalty program will earn some Nubank cryptocurrency units. All clients are expected to earn at least 50 NCN in a day.
When joining the program, customers start participating at level 1, which is when they have less than 50 NCN frozen. Those at this level receive no value when using Nubank’s debit or credit, or when they buy cryptocurrencies or distribute bank sponsors bonuses.
At level 2, customers who have between 50 and 149 frozen Nucoins will start receiving R$0.01 NCN for each transaction. That is, it is necessary to freeze at least R$14.90 worth of Nucoin to access the benefits.
When rising to level 3, customers receive BRL 0.02 per transaction, reaching BRL 0.04 at level 4. At level 5, 6 and 7, the last, customers receive BRL 0.07 Nucoin, BRL 0.30 and BRL 0.30 respectively. BRL 1.00 NCN per transaction .
In this case, a Level 7 customer, with more than 500,000 Nucoins frozen in the program, or R$50,000, can earn 1 real for every real consumed, with a limit of R$2,112.00 per month.
In the application, Nubank itself makes clear that “It is important to remember that the limit is subject to change and if that happens this content will be updated“.
Where can you safely buy Nucoin, Nubank’s cryptocurrency?
Nucoin is Nubank’s proprietary cryptocurrency, created in early 2023 with the help of Polygon Labs. But to buy the digital currency and participate in the loyalty program, those interested must necessarily be customers of the digital bank, with a valid account.
Nucoin so not available for buying or selling on any cryptocurrency exchange.
Nucoin can therefore only be purchased in the NuBank application, which can be downloaded for Android or iOS phones.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
