Recently, Abra Wallet started their inviting program for the users that want to try the Abra Wallet. For every new users(previously open for all) that created as new user to the wallet and deposit any $15 worth of assets, and hold them for 7 days which is previously 30days minimum, that user will receive a worth $15+$25 of CPRX Token.
Crypto Perks(CPRX) is a utility token of Abra that is created as rewards for their user's in-product actions, referrals, and social sharing actions. Abra is airdropping the 5% of the token (150 million tokens). The other token can be acquire by making as reward for the users activities while using the wallet.
Been tried the program buying making very first Abra Account, made a desposit worth $18 of Bitcoincash and held it for almost 2 weeks since there's another 5 days minimum before they sent the the pending reward. And yeah, I received my reward worth $40 of Crypto Perks Token. See the screenshot below:
The problem is, the CPRX Token now is no longer tradable inside the Abra Wallet. Due to this problem, the CPRX price was skyrocketed from its deep and at the same time, hodlers, traders and those who participated in the program are unable to trade the token.
People panic and lost hope due to this sudden changes by Abra and the locking of CPRX Token. Currently, the sell option for the token is not still allowed within the wallet internationally until further announcements. But there's another option where CPRX can be trade.
So, if you want to trade your CPRX to any assets or to Bitcoin Cash, you can trade CPRX Token in Bittrex Exchange and Uniswap Exchange. The problem is, since CPRX is a ERC20 type of token, you should provide some decent amount due to the high transfer fees. Well, if you only have 1000 CPRX or less , its better to hold until the trading in Abra is unlocked.
Now, other people will ask or confused why the tokens are locked for trade? is CPRX or Abra is sc@m? The answer is no! For some valid reason, CPRX is a official rewarding Token of Abra and the Wallet itself is well-known by many people in crypto.
For some facts and little clarification, according to their CPRX Money talk live, 300,000 members are joined the program which means, the tokens are dropped to many people from different countries like US, Philippines, Canada, Switzerland and many more. Expect some massive dumps in this kind of situation.
Since the token are can be aquired for free, expect that the people who got the token from inviting friends, there is 100% possibilities that they will going to sell their token right away. Inlcuding those invites. According to their CEO Bill Barhyd, this thing will put pressure to the price of CPRX Token.
Another solid reason, Abra is making a huge update for their with the CPRX Token. These updates will include DeFi Staking,NFTs, Hodlings, Market and Limit Orders features, Cashbacks While Using CPRX and many more. These updates will come on April to May this year according to their Money Talk Live.So for summary, Abra and CPRX is preparing for a massive updates with their ultimate integration.
Let's just wait for what is coming in the Abra Wallet App.
For the meantime, we should join their telegram community for the upcoming updates.
Important Links
Learn About Whats Coming On Abra and CPRX, Updates: Money Talk Live Youtube
CPRX Communities:
Crypto Perks Telegram Community- Philippines
Ako waiting pa sa rewards hihi di pa rin dumating eh. Wait wait lang talaga. Yung iba kong invite palagi nagtatanong asaan na daw 😅