Understanding and Converting Karma Points to Cash Rewards
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Last updated
Last updated
In the Magic Square ecosystem, engagement isn't just enjoyable â it's rewarding. Active participation in the Magic Store earns users Karma Points, which can be converted into tangible rewards, in this case, Binance Gift Cards.
Your followers will first need to understand where they can monitor their Karma Points. By accessing the Karma Dashboard from their Magic Store Personal Profile, they can keep track of their accumulated points. This dashboard also houses the "Collect Rewards" button, which will be the key to converting Karma Points into real-world rewards.
When users have earned enough Karma Points, they can convert these points into a Binance Gift Card. This card arrives via email, and Screenshot 2 provides a detailed image of what this email will look like.
The Knowledge Base is a crucial resource for understanding the intricacies of Karma Points and other features of the Magic Store and Magic Boost. Screenshot 3 shows how users can access the Knowledge Base, where they can dive deeper into the platform's functionalities.
The mechanics of Karma Points are designed to encourage daily engagement with the Magic Store. A user's daily Karma earnings determine their ranking on the Karma Leaderboard. Each user secures a share of the Daily Pool, representing the total reward in USDT for all users per day. The Total Reward is calculated by multiplying reward points by the reward rate.
This system ensures that the more active users are each day, the greater their share of the Daily Pool. It's important to stress to your followers the benefits of daily engagement â the potential to earn more from the Daily Pool.
For an in-depth understanding of Karma Points, refer to the detailed manual at: https://docs.magic.store/magic-features/magic-karma. This will equip you with comprehensive knowledge about the Karma Points system, which will be instrumental in explaining this feature to your followers. As a content creator, the more informed you are, the better you can engage and educate your audience about the rewarding possibilities within the Magic Store.
