THE CONCEPT OF BONUS


Our new Peer to Peer trading platform makes it convenient for our valued users to continue with the INR transactions. In order to enhance the user experience we have also incorporated an option to boost your INR transactions; for quicker processing our users can now add a Bonus to their withdrawal and deposits.


We understand that our user’s gains usually depend on narrow windows of opportunity, and hence we are excited by the fact that our latest upgrade of adding a Bonus will ensure maximum advantage to both the depositor as well as the withdrawer by keeping in mind the simple idea of speeding up the INR transactions.


The following content provides a basic explanation on; How this works?


  • For Deposits :


Let us consider a situation when the number of users that would like to deposit is much higher than the number of users that are withdrawing. In order to jump over this hurdle and fast track their transactions PocketBits now offers the option of adding a Bonus to your deposits.


A Bonus is simply a percentage of your deposit amount as an incentive for the matching withdrawer. The Bonus amount is set by the free will of the Depositor who is looking at speeding up their transactions.  This amount can range anywhere between 0.1% to 5%.


For example; If a user wishes to deposit INR 10,000 and in order to boost the process they add a bonus of 1%; they then enter into the transaction pool. Our peer to peer system then works on various parameters and the depositor is matched with a withdrawer as soon as possible. The users offering a higher bonus are prioritised at the top of the matching table. Once matched and upon transferring 10,000 the depositor then gets INR 9,900 in their INR wallet and the withdrawer gets INR 100. (1% of the amount set as a bonus)


 

  • For Withdrawals :


Similarly, let us consider a situation when the number of users that would like to withdraw is much higher than the number of users that are looking at making deposits. In order to jump over this hurdle and fast track their transactions PocketBits now offers the option of adding a Bonus to your withdrawals.


A Bonus is simply a percentage of your withdrawal amount as an incentive for the matching depositor. The Bonus amount is set by the free will of the user that wants to withdraw and is looking at speeding up their transactions.  This amount can range anywhere between 0.1% to 5%.


Kindly take note that for the user to be able to add a Bonus on the withdrawal, they must have in their INR Wallet the amount which they wish to withdraw plus the amount they wish to add as a bonus. For instance; if a user wishes to withdraw INR 10,000 and wishes to add a bonus of 1% on this, they must have a total of INR 10,100 (1% of 10,000 = 100) in their INR Wallet.


 


For example; If a user wishes to withdraw INR 10,000 and in order to boost the process they add a bonus of 1%; they then enter into the transaction pool. Our peer to peer system then works on various parameters and the withdrawer is matched with a depositor as soon as possible. The users offering a higher bonus are prioritised at the top of the matching table. Once matched and on completion of the request, the INR Wallet of the withdrawer is then debited by a net amount of INR 10,100. (1% of the amount set as a bonus)


 We are confident that with the smart utilisation of our newly added Bonus feature will make the INR transactions much faster and efficient for all our users on PocketBits.



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