What are Benefits and Privileges of holding WIRTUAL Coins?

November 26, 2021

From 15 January 2021 onwards, WIRTUAL 2.0 will be available for download and WIRTUAL coins will be available for purchase (you will be able to enter challenges from 15 February 2022 onwards). As time goes on the coins will increase in value and its use cases will expand as well. This is one of the reasons why you should try to hold onto your coins, another reason is because having more coins in your wallet can increase the scope of what you are able to do on the platform. When it comes to holding coins on the platform, there are 7 levels: Starter, Silver, Gold, Business, Platinum, Emerald, and Master (with no coins in the wallet, you will begin at Default). 

In this article, we will explain the benefits of holding WIRTUAL coins at each level, and the features that each level unlocks. Read on to find out more!

Benefits of holding WIRTUAL coins at each level

Default

When you first start using the application, you will automatically begin at Default. At this level, you are able to enter free challenges and earn a maximum of 0.1 W coins a day. This can be earned through sweat mining. At this stage you will be limited to making a maximum of one submission per day of activity results.

1. Starter

Those holding at least 100 WIRTUAL coins in their wallet will be upgraded to the starter level. If you have purchased coins, they will automatically appear in your internal wallet. At this level you can earn a maximum of 0.5 W coins a day. There are 3 ways you ca increase your coins:

  1. At the starter level, you can enter paid challenges, some of these challenges will offer more coins as bonuses
  2. You can purchase more WIRTUAL coins through other applications and exchanges (such as Binance)
  3. You can receive WIRTUAL coins from others (for example, if you sell an NFT)

2. Silver

Those holding at least 200 WIRTUAL coins in their wallet will be upgraded to the silver level. At this level you can earn a maximum of 1 W coins a day.

3. Gold

Those holding at least 500 WIRTUAL coins in their wallet will be upgraded to the silver level. At this level you can earn a maximum of 1.5 W coins a day.

4. Business

Those holding at least 1,500 WIRTUAL coins in their wallet will be upgraded to the silver level. At this level you can earn a maximum of 2 W coins a day. At the Business level an additional feature that is especially well-suited for those who want to organize events is unlocked. Any user at the business can create their own events on the platform. If you are interested in creating an event but you are not at the Business level, you can contact us, however, you will not receive the discounted price (up to 10% for events). That is reserved for business level holders.

5. Platinum

Those holding at least 5,000 WIRTUAL coins in their wallet will be upgraded to the silver level. At this level you can earn a maximum of 2.5 W coins a day. At the Platinum level, you will acquire voting rights within the WIRTUAL community. You will be able to vote on issues relating to the WIRTUAL app.

For example, in the future when WIRTUAL coins increase in value, it may become more difficult to hold a high number of coins in your wallet to reach certain holder levels. You may want to vote to reduce the threshold of coins needed to be at each holder level.

6. Emerald

Those holding at least 10,000 WIRTUAL coins in their wallet will be upgraded to the silver level. At this level you can earn a maximum of 3 W coins a day.

7. Master

The Master level offers the highest rewards and unlocks the biggest features of the platform. This level will be coming soon with more details to follow.

These are the main benefits and privileges you receive from holding coins. If you are an event organizer, you may want to hold enough coins to reach the Business Holder Level.

Each level offers different features. You will have to decide for yourselves which features you are most interest in, and aim to hold the relevant amount of WIRTUAL coins. You can base your purchasing and decisions to earn and hold coins on this.

‍

Summary

Other than the benefits of increasing your holder level, keeping WIRTUAL coins is a good investment. With the growth in cryptocurrencies and the determination of the WIRTUAL team to continue to grow the company, holding these coins could prove to be hugely financially beneficial one day. The WIRTUAL Application not only makes exercise more exciting and fun, it also allows you to make a passive income as you go about your workouts.