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Recently, the crypto assets sector has welcomed an innovative product - the Emerald Card, which is reshaping people's perception of crypto assets consumption. This payment card developed by Solayer cleverly combines everyday spending with crypto mining, providing users with a brand new passive income channel.
Users only need to bind their Solana wallet with the Emerald Card to automatically convert USDC to sUSD (Solayer's stablecoin) during Visa transactions and earn an annual yield of 4%. Even more impressive, users' spending behavior can trigger on-chain rewards. Cardholders have the opportunity to participate in the "Build Pool" event, with airdrop rewards of up to 280 LAYER tokens available each week.
The smooth user experience of the Emerald Card is attributed to Solayer's InfiniSVM technology. This technology achieves a transaction confirmation time of 0.01 seconds and a bandwidth of 100 Gbps, ensuring that users can instantly complete on-chain asset settlements when swiping their cards. In addition, through cooperation with Nubit, the Emerald Card has become the first crypto Visa card to access the Bitcoin Thunderbolt network, supporting instant conversion of Bitcoin via the Lightning Network, significantly reducing cross-border payment fees.
The Emerald Rewards program employs a dual incentive model to attract users. First, users can earn LAYER tokens equivalent to 0.5% of their spending as basic rewards, which are credited instantly. Secondly, users who rank in the top 10% of quarterly spending will have the opportunity to participate in DAO governance voting, influencing the treasury bond allocation strategy of the sUSD reserves, thereby deeply engaging in ecosystem development.
This innovative consumption mining model seems to have garnered a positive market response. According to reports, the number of users surpassed 500,000 in the first week of the event's launch, with a single-day maximum airdrop reward value reaching $23,000.
The emergence of the Emerald Card not only provides users with a new way to acquire crypto assets but also showcases the possibility of integrating crypto payments with traditional financial systems. As such innovative products continue to emerge, the application scenarios of crypto assets are gradually expanding, which may drive the entire industry towards a more widespread direction.