Fold is a Bitcoin focused app that lets you earn Bitcoin rewards for buying gift cards through the app. The current gift cards include everything from Amazon and Starbucks to Chipotle and Doordash.
Even better, you have a chance to win free sats or bonus sats every day by spinning the wheel in the app. This step doesn't even require a purchase, just your engagement. Even better than this is if you get a 7 day spin streak, you earn an extra 1000 sats!
Now for the really exciting news... FOLD is releasing their own debit card, allowing users to get sats back for every purchase! The first batch of cards are going out this week, but even if you aren't in this first group, those of us in early access group have already been given a few incredible tidbits of information, with one leak per day. Mind you there is still more to find out, but read on and you'll be just as excited as I am.
What do we know about the card?
Leak #1 - 10% high yield on rewards - From what I understand, Fold will be giving out 10% yield on any sats you earn from using the card and store on the app.
Leak #2 - Chance to win 1 BTC - Every purchase gives you a chance to win 1 whole BTC!
Leak #3 - Extra rewards when buying gift cards on Fold - You can already earn great rewards through the app when purchasing gift cards, but this will give extra rewards. For example, buying Amazon gift cards will go from 2% to 5% back in Bitcoin!
Leak #4 - Rotating 10% categories - Much like how some card programs give higher percent back in rotating categories, the same will happen with Fold. We don't know what the categories are or how often they will change, but this could be awesome if it includes some higher spending categories like food/groceries.
Leak #5 - Friday's leak was more like a waterfall. There was a torrential downpour of details about the new card including bonus sats back on direct deposits, bonus sats back on savings, the chance to win 1000 sats on every purchase, category boosts, and so much more. The fine print is still being developed, so they managed to maintain the amazing level of (well-deserved) hype and suspense that I learned to expect and love.
Now mind you these are just surface level leaks and we don't yet know the official details, odds, or terms, but this could be a truly amazing product for users if they are as good as they sound.
If you are interested in the app, sign up and get a 20,000 sat bonus.
Thank you for reading! Let's stack sats together! I've been using the app for months, so please let me know if you have any questions and I'll try to help!
