Before making a withdrawal you must be aware of our rules!
When withdrawing it is wise to leave sufficient balance in your WESAbundance or Available Cash Wallet to cover any subscriptions and re-Staking of expired Pool Stakes paying special attention to the fact that if a lower Pool Stake expires all higher Pools Stakes will be suspended.
There are 2 areas from which withdrawal requests may be made.
1. The Business Builder
2. The Wealth Builder
1. Withdrawals from the Business Builder are available at any time from the Available Cash Wallet subject to a minimum value which is set by admin but will not be higher than $25, Requests are targeted to be processed within 72 hours of working days. Requests are allowed once a month and subject to the following limits.
Maximum monthly withdrawal limits will be in place based on membership level as follows:
Dreamer and Believer $10
Wagon Master $30
Warrior Chief Unlimited
2. Withdrawals from the Wealth Builder are subject to liquidity and never guaranteed to be accepted. Our withdrawal system has a window from 2nd to 21st. No withdrawal requests will be allowed outside this window.
If you hold tokens in the Waves Exchange you may sell at any price you are happy to accept.
Withdrawals will be processed in order of value as speedily as possible subject to availablity of funds. No specific processing time can be given although we will aim to process as quickly as the demand for WESA Tokens allows.
Withdrawal Rules & Formulas (also read our Charter in conjunction with these rules)
To make a withdrawal request a member must first have submitted and had accepted as valid his Know Your Customer (KYC) verification and for a request from Wealth Builder be of Active Elite Members status , i.e. holding active stakes in all 6 Pools and having logged in at least 2/3 of his available days in the preceeding month.
There are 2 levels of KYC verification; Level 1 (L1) is a simple ID verification with a Photo ID such as a driving licence, passport, official ID. Level 2 (L2) requires also an official document proving residential address; this can be in the form of a notarised letter or a bank statemnt or utility bill etc.
L1 verification will allow a maximum total of $150 to be paid to the citizen while L2 will allow unlimited value withdrawals.
- Only one withdrawal per month per member is allowed from the Wealth Builder plan.
The window for withdrawals from the Wealth Builder plan will be from the 2nd of the month to the 21st of the month.
The minimum withdrawal is set each month and is usually from $10 to $25
There is no maximum withdrawal request but the higher the request in Wealth Builder the longer it will take to be paid out and the likelihood of not being paid increases.
The period at the end of the month when no Wealth Builder withdrawal requests are allowed will help to clear any backlog of requests, but if any requests are unpaid at the end of a month they will be cancelled and the Tokens returned to your internal wallet. You may then place a new request on the 2nd of the next month.
These rules are in place to secure and maintain the value of both WESA and WESAbundance Tokens for the benefit of all our community members. As we grow it will naturally increase WESA and WESAbundance demand and liquidity and we expect in the future to see withdrawal requests of any size promptly processed.
We encourage all our citizens to help our growth by introducing at least 1 member a month and will reward members for doing so by implementing the following Bonus plan…..
Introduce just 1 new Paid or Staked Citizen in the current month and receive an extra 10% on all your income when transferred to your WESAbundance wallet at the month end. Read on it gets even better…
Introduce at least 1 new Paid or Staked Citizen in consecutive months and receive the following total bonus at month end….
2nd consecutive month 15%
3rd consecutive month 20%
4th consecutive month 25%
5th consecutive month 30%
6th consecutive month 50%
If any month you do not make a Paid or Staked referral then you will need to start all over again with no bonus until you again make a new Pool Staked introduction for an extra 10%.
Introduce a new citizen who stakes at Elite level in the same month as his registration and the above bonuses are DOUBLED for that month!
This means that as an Elite Member your income from just Staking can go from $150 a month to $300 a month.