Zytara, a fintech company and DigitalBits ecosystem contributor, announced today that the company has entered into a partnership with deadmau5 as part of the launch of its new banking platform.
Zytara has also unveiled its upcoming XDB Staking Rewards program, where users of Zytara’s Mastercard can earn crypto rewards with every purchase.
Zytara is initially launching this new staking rewards program in the US with XDB, the native token of the DigitalBits blockchain.
The Zytara Mastercard debit card will enable users to stake XDB tokens to become eligible for rewards of up to 11.5% cashback in XDB tokens.
The highest tier will also provide monthly bonus rebates with certain merchants such as: Xbox Game Pass, Sony Playstation Plus, UberEats, Booking.com, Netflix and Spotify.
Crypto.com’s CRO community reacted negatively recently to the substantial changes to the announcement by Crypto.com for their Visa rewards staking program.
Zytara has the potential to capitalize on its changes.
For example, Crypto.com’s Ruby Steel card, which is one of the basics, went from 2% $CRO cashback to 0.5%, as well as having a monthly cashback cap.
In addition to lowering the cashback percentage, there will be no staking rewards on their mobile app going forward.
By staking your $XDB with this Zytara program, it is possible to increase your earning potential.
How does the Zytara XDB Staking Rewards Program work?
The program has 4 different type of card tiers:
Black Metal, Elite, Preferred, and Plus
Based on the amount of $XDB staked, users can earn 11.5%, 7.5%, 5.0% or 1.0% as illustrated in the image below.
- Black Metal: Stake $300,000 XDB to earn 11.50% cashback rewards on spending, paid in XDB
- Elite Card: Stake $30,000 XDB to earn 7.50% cashback rewards on spending, paid in XDB
- Preferred Card: Stake $3,000 XDB to earn 5.00% cashback rewards on spending, paid in XDB
- Plus Card: No staking required, and earn 1.00% cashback rewards on spending, paid in XDB
Black Metal, Elite and Preferred cardholders are also eligible to earn extra benefits, such as additional discounts or cashback on travel, music, movies, and gaming, depending on the card tier as illustrated above.
Visit the Zytara website to learn more and for the terms and conditions.
Disclaimer
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Source: https://beincrypto.com/xdb-staking-rewards-coming-to-digitalbits-ecosystem/