XSGD Earn: Get 1.5% APR on XSGD Deposits with BasedApp
Nov 23, 2023
Starting from December 1, 2023, BasedApp cardholders will have the opportunity to earn a 1.5% Annual Percentage Rate (APR) on their XSGD deposits in their SGD card account on BasedApp. Read on to discover how you can qualify for our XSGD Earn programme and learn how to start depositing XSGD to BasedApp.
How to qualify
Cardholders need to maintain an average daily balance of 500 XSGD (equivalent to S$500) throughout the month in their card account. This means that the total balance across each day should amount to at least 500 XSGD.
Interest Disbursement
Interest calculations will be conducted at the end of each month, and cardholders will receive their rewards on the 5th of the following month.
How to deposit XSGD on BasedApp
Select “Card” on the menu.
Click on "Deposit" and input at least 500 XSGD to qualify for the 1.5% rate. If you are also using the card for spending, please deposit enough funds to ensure that the total balance across each day is at least 500 XSGD.
If you don't have funds or XSGD in BasedApp, here are several ways you can transfer funds in.
Bridge from another chain - check out the guide here
Deposit from crypto exchanges (e.g. Binance, Crypto.com, Coinbase, Kucoin) - check out the guide here
Mint XSGD through StraitsX - check out the guide here
Get XSGD directly on our app via Bank deposits (coming soon in early Dec 2023)
What is XSGD?
XSGD is a Single-currency pegged stablecoin (SCS) issued by StraitsX. It is pegged 1:1 to the Singapore Dollar and StraitsX has received In-Principle Approval from the Monetary Authority of Singapore (MAS) as a Major Payment Institution licensed for digital payment token services. This approval positions XSGD as a stablecoin substantively compliant with MAS' upcoming stablecoin regulatory framework.
Why XSGD?
XSGD provides users with the benefits of a stablecoin, combining the efficiency of blockchain technology with the stability of traditional fiat currencies. The 1:1 peg to the Singapore Dollar ensures that users can seamlessly transact without worrying about the volatility often associated with other cryptocurrencies.
Please read the Terms and Conditions of our XSGD Earn Programme.
Starting from December 1, 2023, BasedApp cardholders will have the opportunity to earn a 1.5% Annual Percentage Rate (APR) on their XSGD deposits in their SGD card account on BasedApp. Read on to discover how you can qualify for our XSGD Earn programme and learn how to start depositing XSGD to BasedApp.
How to qualify
Cardholders need to maintain an average daily balance of 500 XSGD (equivalent to S$500) throughout the month in their card account. This means that the total balance across each day should amount to at least 500 XSGD.
Interest Disbursement
Interest calculations will be conducted at the end of each month, and cardholders will receive their rewards on the 5th of the following month.
How to deposit XSGD on BasedApp
Select “Card” on the menu.
Click on "Deposit" and input at least 500 XSGD to qualify for the 1.5% rate. If you are also using the card for spending, please deposit enough funds to ensure that the total balance across each day is at least 500 XSGD.
If you don't have funds or XSGD in BasedApp, here are several ways you can transfer funds in.
Bridge from another chain - check out the guide here
Deposit from crypto exchanges (e.g. Binance, Crypto.com, Coinbase, Kucoin) - check out the guide here
Mint XSGD through StraitsX - check out the guide here
Get XSGD directly on our app via Bank deposits (coming soon in early Dec 2023)
What is XSGD?
XSGD is a Single-currency pegged stablecoin (SCS) issued by StraitsX. It is pegged 1:1 to the Singapore Dollar and StraitsX has received In-Principle Approval from the Monetary Authority of Singapore (MAS) as a Major Payment Institution licensed for digital payment token services. This approval positions XSGD as a stablecoin substantively compliant with MAS' upcoming stablecoin regulatory framework.
Why XSGD?
XSGD provides users with the benefits of a stablecoin, combining the efficiency of blockchain technology with the stability of traditional fiat currencies. The 1:1 peg to the Singapore Dollar ensures that users can seamlessly transact without worrying about the volatility often associated with other cryptocurrencies.
Please read the Terms and Conditions of our XSGD Earn Programme.
Starting from December 1, 2023, BasedApp cardholders will have the opportunity to earn a 1.5% Annual Percentage Rate (APR) on their XSGD deposits in their SGD card account on BasedApp. Read on to discover how you can qualify for our XSGD Earn programme and learn how to start depositing XSGD to BasedApp.
How to qualify
Cardholders need to maintain an average daily balance of 500 XSGD (equivalent to S$500) throughout the month in their card account. This means that the total balance across each day should amount to at least 500 XSGD.
Interest Disbursement
Interest calculations will be conducted at the end of each month, and cardholders will receive their rewards on the 5th of the following month.
How to deposit XSGD on BasedApp
Select “Card” on the menu.
Click on "Deposit" and input at least 500 XSGD to qualify for the 1.5% rate. If you are also using the card for spending, please deposit enough funds to ensure that the total balance across each day is at least 500 XSGD.
If you don't have funds or XSGD in BasedApp, here are several ways you can transfer funds in.
Bridge from another chain - check out the guide here
Deposit from crypto exchanges (e.g. Binance, Crypto.com, Coinbase, Kucoin) - check out the guide here
Mint XSGD through StraitsX - check out the guide here
Get XSGD directly on our app via Bank deposits (coming soon in early Dec 2023)
What is XSGD?
XSGD is a Single-currency pegged stablecoin (SCS) issued by StraitsX. It is pegged 1:1 to the Singapore Dollar and StraitsX has received In-Principle Approval from the Monetary Authority of Singapore (MAS) as a Major Payment Institution licensed for digital payment token services. This approval positions XSGD as a stablecoin substantively compliant with MAS' upcoming stablecoin regulatory framework.
Why XSGD?
XSGD provides users with the benefits of a stablecoin, combining the efficiency of blockchain technology with the stability of traditional fiat currencies. The 1:1 peg to the Singapore Dollar ensures that users can seamlessly transact without worrying about the volatility often associated with other cryptocurrencies.
Please read the Terms and Conditions of our XSGD Earn Programme.