- KuCard unveils a Wise Monkey Rewards Card for over 2.3 million MONKY holders.
- Users can seamlessly convert MONKY to fiat, access cashback offers, and enjoy VIP perks.
- A portion of transaction revenue will fund MONKY buybacks and burns, reducing supply.
KuCard, a Visa debit card developed by KuCoin, has announced the launch of the Wise Monkey Rewards Card. The card seeks to provide 2.3 million holders of the MONKY token with real-world spending power.
This rewards card functions much like a traditional debit card, allowing users to spend their MONKY tokens at any location that accepts Visa and Mastercard. This integration provides a seamless way for users to access their funds without the need for manual cryptocurrency-to-fiat conversions.
Beyond simply enabling spending, the KuCard Wise Monkey Rewards Card expands the utility of the MONKY token beyond just trading. It transforms the token into a readily spendable currency while incorporating a rewards system to encourage its use.
Exclusive Rewards and User Incentives with KuCard
To drive adoption, the KuCard Wise Monkey Rewards Card is rolling out several appealing incentives. From March 16 to March 31, 2025, users who spend at least €600 with their Wise Monkey Rewards Card will earn up to 1 billion MONKY as a reward.
To be eligible, users need to maintain a minimum balance equivalent to 10 USDT in their MONKY holdings.
Related: KuCoin Unveils KuCard, A Visa Crypto Card Empowering the Future of Payment
Adding to the rewards, the “Go Bananas with KuCard” promotion provides an extra 3% cashback in MONKY, up to 10 million MONKY. This offer is available for the first 500 users who make purchases in select categories, presenting an opportunity to maximize rewards.
To further enhance the experience for dedicated users, VIP perks are also available for MONKY holders, offering exclusive benefits that enhance the overall spending experience.
KuCard’s Buyback and Burn Model Supports MONKY’s Value
The KuCard Wise Monkey Rewards Card goes beyond typical crypto debit cards as this integrates a sustainable revenue model. A percentage of transaction-generated revenue will be allocated toward buying back MONKY from the market. These tokens will then be permanently burned, reducing supply and supporting the token’s long-term value.
Related: Binance to Support Wise Monkey (MONKY) Token Airdrop for FLOKI and APE Holders
By implementing this deflationary mechanism, the initiative seeks to strengthen the Wise Monkey ecosystem and increase the overall demand for the token.
KuCard: Expanding Crypto’s Reach and Accessibility
Notably, KuCard has been facilitating seamless crypto-to-fiat conversion since its launch in November 2023.
KuCard offers compatibility with popular mobile payment systems like Google Pay and Apple Pay, allowing users to make transactions globally. KuCard automatically converts cryptocurrency into local currency at the point of sale, ensuring efficient and cost-effective transactions.
Initially launched within the European Economic Area (EEA), KuCard is actively working to expand its reach to other regions, furthering the broader adoption of blockchain technology and digital currencies.
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