FAQ

Criptan Earn

Criptan Earn is a new disruptive savings concept, through which Criptan offers several crypto-based savings plans, with different time periods, conditions and benefits depending on each product.

Criptan Earn products are based on the DeFi (Decentralized Finance) ecosystem, which allows us to offer better returns than traditional methods because:

  • There are no intermediaries. Traditional banking is replaced by a code (smart-contracts).
  • Processes are automated (allowing, for example, funds to be distributed across multiple platforms).
  • They provide access to opportunities previously unavailable in traditional finance (e.g., rewarding participants in a given program with part of the program’s revenues).

The APY (Annual Percentage Yield), or annualized yield, is the yield your money would earn if you had the deposit active for one year.

The absolute return is the percentage of profit you will earn on your deposit over the duration of the transaction.

Transactions in Criptan Earn have no opening or maturity fees.

We care about you at Criptan. We want you to understand what you are signing up for before you do it; the quiz allows us to make sure you understand how the product works and the risks involved.

For your safety, we will not allow you to open any Earn transactions until you have correctly answered the corresponding quiz.

Earn 90 is a savings product, with a duration of 84 days, which offers a 9% annualized return and weekly rewards.

You can sign up for Earn 90 in any country where Criptan is available.

With Earn 90, every Friday afternoon you will receive a proportion of your absolute return in your wallet, so you can enjoy it whenever and wherever you want.

You will receive your rewards every Friday afternoon for 12 weeks.

Go to “new transaction” in Earn 90, select the amount to deposit and the payment method. You can choose to pay with your euro funds, in USDC, or pay by card. If you select a payment method in euros, we will automatically convert it to USDC and show you the final amount to deposit before confirming the transaction.

The minimum amount you can enter is 10 USDC.

The maximum amount you can enter is 50,000 USDC.

Neither the opening nor the closing of your Earn 90 deposit has a fee.

It is not possible to recover your deposit before the expiration date. Once the terms of the loan are accepted and the deposit is paid, the funds cannot be recovered until the specified time period has elapsed.

An Earn 90 transaction lasts 84 days. During this time period, a weekly reward will be delivered every Friday, for a total of 12 rewards. However, please note that rewards will not begin to be generated until your deposit has been validated.

Deposits are validated on Fridays at 01:00 CET. In other words, the deposit you make will not start generating rewards until the following Friday. If you made your deposit during the day on Friday, you will have to wait until the following week for your deposit to be validated.

When creating a new transaction you will be able to choose whether you want to create it with USDC, your balance in euros, or with a card. If you select a payment method in euros, we will automatically convert it to USDC and tell you the final amount of the deposit before you make the transaction.

Earn 90 will offer an APY (one-year compounded interest) of 9% at launch. The return rate offered is dependent on more than Criptan, so it could change in the future.

No. Although Earn 90 may change the yields offered, this change will only affect users who join after the change. Once you confirm the operation, the conditions will not change during that period.

The APY (Annual Percentage Yield) is the yield your money would earn if you had the deposit active for one year.

The absolute return is the return you will get within 84 days with Earn 90

Yes. If you go into your active loans and access your loan details, you will see an automatic renewal box that you can enable. If, on the expiration day of your loan this box is checked, the loan will be automatically renewed at the current conditions of the platform (which means that they may have changed from the conditions at which you initially made the operation).

Yes, you can activate and deactivate the automatic renewal from your loan details. Simply uncheck the automatic renewal box and save the settings.

No, when a loan is automatically renewed, the current terms at the time of renewal will apply.

If these have changed from the terms of the initial transaction, we will notify you so that you can decide whether to go ahead or cancel the renewal.

If the contract conditions change before your transaction is up for renewal, we will send you a notification so that you can review the current product conditions. You will be able to decide whether or not you are interested in continuing with the renewal.

Unlike other companies in the sector, with Criptan the risk of the operation does NOT fall on the customer. Therefore, Criptan agrees to make the agreed payments at the beginning of the transaction without any delay.

Criptan guarantees the funds placed in Earn 90 as stated in the agreement at the time of signup. We return USDCs but if the USDCs are worthless we cannot be held responsible. However, USDC is a strong currency that is under constant scrutiny.

It is a way to support the evolution of ETH to ETH 2.0 by locking in an amount of ETH and getting rewarded for it.

By locking your ETH until ETH completes its evolution to ETH 2.0, you become a validator and will receive daily rewards in ETH. You will be able to check your wallet daily to watch your ETH is grow while maintaining your stake. Your ETH will start generating rewards as soon as possible, at most it could take 20 days.

Go to Staking ETH 2.0, enter the amount of ETH you want to stake (between 0.001 and 32 ETH), accept the Staking ETH 2.0 service terms and conditions and you are done.

In order to stake your Criptan ETH you just need to access the “EARN” section of the app and click on Staking ETH 2.0. Click “Add ETH.” That’s it. Once you have added the amount you want, after accepting the conditions and clicking on “next”, you will confirm your deposit in Staking ETH 2.0.

By staking you are locking your ETH for an indefinite period of time. You will not be able to withdraw them until the new ETH 2.0 network is launched, and there is no definite date for that yet.

Putting your ETH in Staking ETH does not incur any fees. However, if you do not have any ETH when you start the transaction and you need to purchase some, the buying and selling fee will be applied.

You just need to have ETH in Criptan and go to the Staking section, it’s a piece of cake!

When you put your ETH in Staking ETH you are supporting Ethereum’s evolution to 2.0. Your support blocks ETH and you will be rewarded for it.

The staked ETH will start earning rewards. However, reward requires a compromise: you will not be able to move the ETH you have put in Staking ETH until Ethereum finishes its evolution to 2.0. No date has been set yet.

This date is dependent on Ethereum and Criptan has no control over it. At Criptan we will update our blog and the different feeds with the news we have from Ethereum.

Once your ETH is in Staking ETH, it will remain locked until Ethereum finishes its evolution. Staking implies a commitment to the Ethereum blockchain.

No one can know exactly how the staked ETH will perform in the coming months. In the Criptan App you will be able to see the % of return you are getting day by day. Yield per stake is an Ethereum-dependent variable over which Criptan has no control and tends to decrease over time.

The rewards of this Ethereum function are awarded on a risk basis. The more time that passes before starting this function, the less time remains before Ethereum’s evolution becomes a reality. As we are closer to the end every day, there is less risk because it is more likely that the evolution will end satisfactorily. This is why stake yields will gradually decrease. Take this staking opportunity now!