What are Purple Coins?
Purple Coins are the internal cashback currency at 1,000 coins = $1. Accruals arrive in coins in full: there is no 30% service fee.
Purple Coins — is Purple's internal «cashback currency». For every action that gives a reward, you receive coins. The rate is always fixed and transparent: 1,000 coins = 1 dollar. Coin sources are cashback for communication and purchases, 5% referral rewards and box prizes. One more source is watching ads in the app: coins are credited for every video watched to the end.
What coins are not
- It is not a cryptocurrency — the rate does not jump, you cannot speculate on it.
- Coins cannot be transferred between users.
- Coins are not cash for payout: what goes to the wallet is dollars received after exchanging coins in the app.
What they are for
Coins are exchanged for dollars right in the app: the round ⇅ button next to the «Withdraw» button. The exchange fee is 20%, the minimum is 1 coin. Coins also open bonus boxes — inside is a random prize in coins, up to 75,000.
The full chain: coins → exchange → dollars → withdrawal. The exchange is available right in the app; dollars are withdrawn to Telegram Wallet or Visa/Mastercard from $1.