Also when withdrawing it is wise to leave sufficient balance in your WESA Wallet to cover any 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.
Level 1 (L1) are allowed a maximum of 2 withdrawals a month and a maximum of about $150 (approximately 2.0 WESA) withdrawn per month. Level 2 (L2) are allowed whatever is set below as maximums for the month.
We are trialing a new withdrawal system with 3 windows and a maximum of 1 withdrawal per window by each member. The windows will be from 2nd to 10th; 11th to 20th and 21st to end of the month.
The first 6 days of each window will be split for smaller withdrawals and the remaining days for the maximum allowed withdrawals as follows....
Each window day 1 will have a maximum 1 Token withdrawal; day 2 maximum 2 tokens; day 3 maximum 3 tokens; day 4 maximum 4 tokens, day 5 maximum 5 tokens and day 6 maximum of 6 tokens; the remaining days of each window upto 10 tokens may be withdrawn. Requests must be at least 7 days apart. Withdrawal requests made outside these rules will simply be cancelled.
IF YOU VIOLATE OUR RULES YOU WILL BE BLOCKED FROM FUTURE WITHDRAWALS (See rule 8 below)
The minimum recommended selling values shown below will NEVER reduce and will only increase as the cart will always give people the best deal available; either GMV or MV.
Never put in a sell order that is lower than the minimum recommended selling price or offer to buy at below this price. Understand that higher prices than this may take longer to be fulfilled as members are always entitled to sell at the recommended prices shown below.
You will NEVER be sanctioned if selling at the minimum recommended value or above.
Withdrawal requests will be processed upto a maximum of 3 requests per member for the month
Maximum Each Withdrawal 10 Tokens per member
No Minimum Time between Withdrawals - BUT ONLY 1 withdrawal per window
Minimum recommended selling price for 1 WESA Token against....
(Buy ASIMI @ 0.00092)
If everyone sells at the recommended value we will preserve the value of the WESA Tokens. Never sell below the recommended value and be aware that selling above the recommended value may mean your sales are delayed.
Rules and prices are subject to change depending on market fluctuations and demand
Withdrawal Rules & Formulas (also read our Charter in conjunction with these rules)
1. To make a withdrawal request a member must first have submitted and had accepted as valid his Know Your Customer (KYC) identity and address verification. 2. Only one withdrawal per WINDOW per member is allowed unless stipulated differently in a particular month's documentation above. 3. Windows will be from 2nd to 10th; 11th to 20th and 21st to month end in each month. 4. Each window will be split allowing smaller requests to be processed first gradually increasing to allow the maximum set for each window which will be calculated each month. Requests that do not comply will be deleted without any further explanation. 5. In essence the calculation above will be based on a formula will take the anticipated number of new members for the following month and evaluate the likely demand for Tokens required by the new members. This demand will be the limit of withdrawals allowed and if the requests exceed this figure, the withdrawal cap will be lowered and members’ requests adjusted to match the anticipated demand. Thus it is in everyone’s interest to help the growth of our community and to encourage this we have formulated a, very easy to qualify for, Bonus Plan which can be seen at the end of this document. 6. Withdrawals will be granted in the order of the number of Tokens being withdrawn, the smallest number processed first. These will be in batches and the numbers may change. The reason for the spread is to allow the smaller withdrawals to be traded and not get blocked by larger offerings. 7. Maximum withdrawal will be capped each month and will increase as our community grows and liquidity increases. 8. Once withdrawn the Tokens are yours to do with as you please but if we see activity detrimental to the community as a whole we will restrict further withdrawals to the offending member as follows … a. 3 month ban from making further withdrawals b. In month 4 maximum withdrawal will be 20% of the community maximum c. Withdrawal limit increased each month by 20% subject to ethical behavior in accordance with our Charter. 8. Examples of detrimental behaviors include, but are not necessarily limited to… a. Deliberately undercutting an existing offer to “jump the queue” b. Selling at a price below the suggested price and so deemed to undermine Token value in the market c. Offering to buy at prices lower that the suggested price and so encouraging sales at below suggested price.
These rules are in place to secure and maintain the value of WESA for the benefit of all our community members. As we grow it will naturally increase WESA demand and liquidity and our rules will be relaxed accordingly. We encourage all our members to help our growth by introducing at least 1 Staked member a month and will reward members for doing so by implementing the following Bonus plan. Introduce 1 new Pool Staked Member and receive an extra 10% on all your income when transferred to your WESA wallet at the month end. Read on it gets even better...
Introduce at least 1 new Pool Staked Member 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% If any month you do not make a 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 $240 a month. Think about becoming top member on Pool 6 with just 3,335 Elite members community wide (About where we are at the time of writing, September 2020)– your payout from this alone can jump from $20,000 to $32,000; that’s an extra $12,000 just for referring 5 Staked Citizens over a 5 month period, with at least one Elite in month 5. Anyone can do this!
Once you understand the conditions and have been verified making a withdrawal to the Waves Exchange is simple. Once your request is submitted it will be chacked and transferred to Waves within 48 hours. The video below shows the simple withdrawal request process...
Once you have the Tokens in your Waves exchange they can be traded or sold as you wish.