Currency Exchange And Withdrawal Information

Discussion in 'Contests & Rewards' started by Ash, Sep 1, 2014.

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    Ash

    Ash Admin
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    Please read before you make any transfer or withdrawal transaction on your points!

    Available Currencies:

    Credit Points
    US Dollars
    Treasure Box*

    Exchange Rate:

    Treasure Box = 20,000 Points / 20 Dollars
    1 Dollar = 1,000 Points

    Current Exchange Interest:
    Silver Coin -> other currencies: Free
    Dollar -> other currencies: Free

    Points -> other currencies: 50% interest


    Withdraw Information
    You can only withdraw cash (Paypal, Amazon, etc.) from your Dollar currency. The minimum amount is $10.00 & each transaction will be processed within 24-48 hours on average.
     
    #1 Ash, Sep 1, 2014
    Last edited: Sep 4, 2014
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    Chris

    Chris Commoner
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    i don't get it.. please go into more detail with examples.
     
  3.  
    Ash

    Ash Admin
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    Lets say you want to exchange your current points (4,960) to dollar amount. The math:

    4,960 points = $4.96
    50% Interest = - $2.48

    Total After: $2.48
     
    #3 Ash, Sep 1, 2014
    Last edited: Sep 1, 2014
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    thahappycamper

    thahappycamper Level 3

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    I concocted a simple algebraic formula for this conversion:

    P = number of points you currently have

    P / 1000 / 2 = $usd

    21,000/1000/2= $10.50

    Taking it a step further, I calculated the conversion factor so there's even a simpler formula:

    The conversion factor is 0.0005 or five ten thousandths

    P x conversion factor = usd

    21,000 x 0.0005 = $10.50

    Math lesson over. :D
     
    #4 thahappycamper, Sep 1, 2014
    Last edited: Sep 1, 2014
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    Chris

    Chris Commoner
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    i know how to do the math, i just want admin to explain it.
     
  6.  
    thahappycamper

    thahappycamper Level 3

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    I just wanted an excuse to gain 10 pts lol.
     
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    PkaLotus

    PkaLotus Level 3
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    paoun Happy making $_$ again
     
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    PkaLotus

    PkaLotus Level 3
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    thank you so much for the info, bong pross Ash:)
     
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    Chris

    Chris Commoner
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    wow happy, smart move by saying that out loud... use another excuse while that be your secondary LOL.
     
  10.  
    thahappycamper

    thahappycamper Level 3

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    Every opportunity creates another opportunity.... like a nuclear reaction.
     
  11.  
    Chris

    Chris Commoner
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    sorry, mine is a volcano LOL.
     
  12.  
    Ash

    Ash Admin
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    I have replaced Silver Coin currency with Treasure Box to fit our theme better. A couple of treasure boxes will be available to claim each month. To find a treasure box, you will need to purchase treasure maps with your points. Many of the treasure maps will be fake. The real one will reward you the treasure box. More information on this system soon.
     
    #12 Ash, Sep 4, 2014
    Last edited: Sep 4, 2014

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