❓Frequently Asked Questions (FAQ)

Understanding a novel system can be challenging. Below, we've compiled a list of commonly asked questions about Coinback and our services to help you get a clearer picture.

Q: What is Coinback?

Coinback is a service that allows Ethereum network users to earn rewards by simply transacting as they usually would. By setting up our RPC URL, users’ transactions bypass the usual mempool, offering them a unique and beneficial pathway to transact on the Ethereum network.

Q: How do I earn rewards with Coinback?

A: Users earn rewards by transacting through Coinback's RPC URL. The more transactions you process through us, the more rewards in ETH you can earn. Additionally, holding CBK tokens and referring others to our platform can boost your rewards.

Q: What are CBK tokens and how do they work?

A: CBK tokens are Coinback’s native tokens. Users can acquire and hold these tokens in their wallet to earn additional transaction rewards. The system is designed such that the more CBK tokens you hold, the greater the number of bonus transactions you accumulate. This approach promotes both the acquisition and holding of CBK tokens, integrating them into the broader Coinback ecosystem.

Q: How are transactions processed without the mempool?

A: Coinback sends transactions directly to the builder, bypassing the standard mempool. This not only speeds up the transaction process but also offers enhanced security against malicious MEV strategies like sandwich attacks.

Q: Do I have to pay to use Coinback's services?

A: No! Using Coinback is entirely free. Users just need to set up our RPC URL with a single click and then continue transacting as usual.

Q: How does the referral system work?

A: Every user gets a unique Referral ID once they transact via Coinback. By sharing this ID and getting others to sign up and transact, both the referrer and the referred earn additional transactions.

Q: What is the vesting period for the team's CBK tokens?

A: The Coinback team has a vesting period of 3 months for their allocated CBK tokens. This ensures the team's dedication to the project's long-term success.

Q: How is the total supply of CBK tokens distributed?

A: The total supply of CBK tokens is 1,000,000. 86% of this is allocated to the Liquidity Pool, and 14% is reserved for the team, with a vesting period of 3 months.

Q: How can I get more information or support?

A: For additional questions or support, you can always reach out to our dedicated team on Telegram or our Discord.

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If your question isn't listed here, don't hesitate to get in touch with us. We're always here to help and guide you through the Coinback experience.