
New crypto exchange WisdomTree Prime is offer a $100 bonus in crypto after the following:
- Open a new WisdomTree Prime account.
- Deposit $1,000 into your account and maintain an average balance of $1,000 — based on deposits and withdrawals — for a 45 day period.
- We’ll deposit your reward of $100 in value into your WisdomTree Prime account in approximately 5 business days after you have met all of the reward requirements.
You’ll technically get your $100 reward in WUSD (WisdomTree Dollar Token), a stablecoin that is meant to be exchangeable for one U.S. dollar. Offer currently set to expire 5/18. Interesting that it doesn’t require any trades. Just remember that this is still a crypto exchange and is thus not FDIC-insured. Based on this tweet, WisdomTree Prime does appear to be affiliated with the more well-known WisdomTree ETF provider with over $81 billion in AUM.
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Had to take some time to read up about this concept. I’m left but wondering what is the point of this?
It appears that the funds you can invest in range from treasuries to an S&P 500 to a government money market by wisdom tree digital. However, you’re not directly investing in it you are purchasing into their Blockchain technology and are holding these funds, but are not purchasing any crypto. So I’m left but wondering why not just purchased these equivalent funds with US dollars?
I see exactly no reason to go through this process to purchase these funds via Blockchain technology.
I just got this $100 today and transferred $1,100 back to my bank account. I just kept the $1,000 as USD in my account, didn’t invest in any crypto.
I did just get an email this afternoon that they are offering a similar bonus program where you get $100 in BTC instead of USD. I’m not sure if you can get both bonuses.