London – Gnosis, the creators behind the fully EVM-compatible Layer-1 Gnosis Chain, has launched an innovative rewards program designed to accelerate the mainstream adoption of crypto payments and engage GNO holders on a deeper level.

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The program, which follows the approval of GIP-110 Snapshot, offers GNO holders four tiers of cashback rewards based on the amount of GNO they hold in their Gnosis Pay Safe accounts. This initiative aims to incentivize the use of Gnosis Pay, a groundbreaking platform that is pioneering the future of crypto-based banking.

Unlocking New Opportunities for GNO Holders

Gnosis Pay account holders can now earn cashback on purchases made with their Gnosis Pay Card, with rewards scaling based on the GNO they hold. The program offers up to 4% cashback, encouraging users to hold and spend GNO while using the platform. The GnosisDAO has allocated a pool of 10,000 GNO to fund the rewards, ensuring a robust incentive structure.

Friederike Ernst, Co-Founder of Gnosis and Gnosis Pay, shared her excitement:
“This rewards program is a key step in our mission to bridge the gap between blockchain technology and everyday applications. It not only boosts user engagement but also lays the foundation for the widespread adoption of Gnosis Pay.”

Friederike Ernst, Co-Founder of Gnosis and Gnosis Pay
Tiered Cashback Rewards

The rewards program offers the following tiers:

≥0.1 GNO: 1% cashback
≥1 GNO: 2% cashback
≥10 GNO: 3% cashback
≥100 GNO: 4% cashback

An additional 1% cashback is available for holders of the Gnosis Pay OG NFT. Rewards are automatically distributed weekly, with no action required from users. The cashback percentage is calculated based on the minimum GNO held in the seven days leading up to each payment, with rewards distributed in GNO based on the USD/GNO rate at the time.

Advancing Towards Gnosis 3.0

This rewards program is a pivotal part of the broader Gnosis 3.0 thesis, which envisions a future where blockchain technology seamlessly integrates into everyday life. Alongside the rewards program, Gnosis Pay is set to introduce significant UX improvements in the coming months, further enhancing its appeal and usability for mass adoption.

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About Gnosis

Gnosis is built by a leading team in blockchain and payments, focused on community ownership, resilience, and neutrality. The Gnosis Chain is a decentralized network secured by over 200,000 validators and 2,000+ nodes globally.

About Gnosis Pay

Gnosis Pay is the first on-chain self-custodial checking account, connected to a Visa® debit card, allowing users to spend their crypto at any Visa-accepting merchant. Powered by Gnosis Chain, it offers secure and open developer tools for global payment providers to tap into on-chain payments.