SA’s new snowball program allows you to earn more, while you wait. It will help you utilize your dividends & additional credits and become a “snowball” investor.
Investors can now receive additional bonuses/ Investment credits even as you hold funds in your wallet. Add funds to your wallet today to invest in your preferred listing and let your funds earn a little more bonus for you as you wait.
Investors shall receive an accrued bonus @ 2% per annum. Bonuses are computed monthly and bonuses are credited for the non invested funds in the wallet for more than 30 days.
These bonuses cannot be withdrawn as cash to a customer bank accounts but can only be used as investment credits for products on the platform.
Investor A: Transfer $2,000 to invest in an upcoming project on Aug 1st. The investor has $1,000 on August 29th. Now if this investor hasn’t withdrawn his funds post-Aug 30th or if the investor has not invested his balance $1,000 in any other listing before 30th August, he would be awarded bonus investment credits of $1.6 for the month of August (30-day holding period).
i.e 2% X $1000 X 1/12
Even though the $2,000 was in the user wallet for 29 days, the investment credits are only awarded for the part of $1,000 which is not invested for more than 30 days.