UpToken is a reward for our ATM customers. Coinme uses 1% of every ATM transaction to purchase UpToken, which is given to customers as a 1% “cash back” reward. The customer can use their UpToken to receive a 30% discount on ATM fees by paying with UpToken. However, the UpToken that is rewarded to ATM users through using the ATM is not available for withdrawal until that user has reached $10,000 in ATM volume.
Coinme is a company that provides digital financial services. It will use the Ethereum blockchain to empower their cryptocurrency ATMs making them accessible in the throughout the world. Coinme also has features like a digital wallet and an exchange. The UpToken will benefit the token holders with a 30% discount on ATM transaction fees, a reward program that will return 1% of an individual's total ATM transaction (cashback), and voting rights within the platform.