Petcoins is the points reward system on the Charisoil platform. It is redeemable for cash once a certain threshold is reached. In the future it can also be used to purchase petroleum products via the portal.

To fund this reward programme, five (5) percent of the income (Petcoin Fund) from sales will be set aside and this would form part of the marketing expense to encourage loyalty and reward our users.

A N1,000,000.00 spend is equivalent to P1,000. The exchange rate (and hence value of user petcoin) to naira will vary depending on the contribution in the Petcoin Fund.

SILVER PETCOIN

All users start up on this level. Silver users will have accumulated between P1,000 and P100,000. They can redeem the petcoin for cash after they have accumulated a minimum of P50,000. The value of the petcoin paid will be based on the exchange rate on the day. Once petcoins are redeemed, they would need to build their Petcoin account past the minimum threshold before they can redeem it for cash again. In the Silver level, each point is equal to one Petcoin and 20% of the Petcoin fund is dedicated to this level.
Silver
1 X P1
/ Per 1M
RANGE : P1,000 and P100,000
THRESHOLD : P50,000
% OF FUNDS : 20%
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GOLD
1 X P1.25
/ Per 1M
RANGE P100,001 and P500,000
THRESHOLD : P250,000
% OF FUNDS : 30%
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GOLD PETCOIN

Users graduate to a Gold Petcoin after they have accumulated between P100,001 and P500,000. They can redeem the Petcoin for cash once a threshold of P250,000 has been reached. To stay on Gold status, users cannot have below P100,001 in their account or they would automatically drop down to the silver status. In the Gold level, each point is worth 1.25 times and 30% of the Petcoin fund is dedicated to this level.

PLATINUM PETCOIN

Users graduate to a Platinum Petcoin after they have accumulated between P500,001 and above. They can redeem the Petcoin for cash once the threshold of P750,000 has been reached. To stay Platinum status, users cannot have below P500,001 in their account or they would automatically drop down to the Gold status. In the Platinum level, each point is worth 1.5 times and 50% of the Petcoin fund is dedicated to this level.
PLATINUM
1 X P1.5
/ Per 1M
RANGE : P1,000 and P100,000
THRESHOLD : P50,000
% OF FUNDS : 20%
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