Payout Guideline

Overview

  • Earnings from creations are accumulated as Earned BLUC.

  • Earned BLUC can be used in three ways: conversion to In-app BLUC, USD payout, or USDC payout.

  • To receive payouts, you must set up a digital wallet and an Overdare-Stripe account.

Important Notes

✅ Digital Wallet Setup & Selection

  • You must set up a digital wallet before creating content.

  • Up to three digital wallets can be registered, and you can choose the one you want to receive payouts from on the payout page.

✅ Irreversible Conversion After Payout or In-app BLUC Exchange

  • Once Earned BLUC is converted to In-app BLUC or a USD/USDC payout is requested, it cannot be reverted back.

✅ USD/USDC Payout Restrictions

  • Minimum payout threshold: You must hold at least 5,000 Earned BLUC to request a payout.

  • Re-payout restriction: Once a payout request is made, another request cannot be submitted within 24 hours.

  • Processing time: The payout takes at least 3 business days, and Stripe's processing schedule may affect the exact timing.

How to Use Earned BLUC

1. Ways to Use Earned BLUC

Earned BLUC can be used in three ways:

  1. Convert to In-app BLUC → Purchase Creator Products (e.g., costumes).

  2. Cash out in USD.

  3. Cash out in USDC.

2. How to Convert Earned BLUC to In-app BLUC

  • No minimum balance is required, allowing free conversion.

  • Conversion rate: 1 Earned BLUC = 1 In-app BLUC.

3. USD/USDC Payout Process

✅ Overdare-Stripe Account Required

  • To cash out in USD or USDC, you need to create an Overdare-Stripe account.

  • Payout method depends on the account type linked during Stripe signup:

    • Bank account → USD payout.

    • Digital wallet → USDC payout.

  • The first linked account (bank or wallet) becomes the default payout account, which can be changed later via the Stripe dashboard.

✅ Payout Option Activation

  • After completing KYC verification on Stripe, the option to convert Earned BLUC to USD/USDC will be enabled.

✅ Payout Processing

  • Once the payout request is completed, the funds (USD/USDC) will be transferred to the creator's Stripe account after verification by OVERDARE.

  • Payouts are typically processed within three business days, but larger amounts or cases requiring additional verification may take longer.

  • Once the payout is completed to your Stripe account, the funds will be transferred to your default account within three business days, but additional processing time may be required by Stripe.

  • You can track the payout status on your Stripe Dashboard.

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