Rewards & Earnings

When using the Spexi App to access and fly missions on the LayerDrone Network, pilots earn USDC rewards and Reputation Points (RPs) for completed and verified missions. USDC and RP rewards are displayed in the Spexi App.

USDC and RP Rewards are from the LayerDrone Foundation, which is the network the Spexi app is built on.

USDC Rewards

USDC is a digital currency equivalent to the U.S. dollar and how LayerDrone rewards pilots. In the Spexi Explorer and App, pilots can see the USDC reward available for each mission on the LayerDrone Network. Reward amounts may vary based on location, customer demand, and other network factors.

To earn USDC rewards, a pilot must capture and upload imagery. After imagery is verified by LayerDrone, USDC rewards will appear in a user’s wallet:

• If you connected a MetaMask wallet when setting up your Spexi account, the USDC rewards issued by LayerDrone will be sent to that wallet.

• If you did not connect your own wallet, a digital asset wallet was automatically created for you when you created your pilot account and is accessible through your Spexi account. USDC rewards will be deposited there.

In both cases, your rewards will be visible in the Wallet section of the Spexi App and Explorer.

Withdrawing USDC

If you wish to withdraw your USDC rewards, you can send the USDC to an account on a cryptocurrency exchange (such as Coinbase) and transfer the funds from there to your connected bank account. The following video shows how to send your USDC from the Spexi App to Coinbase, or you can review the instructions below:

To send your USDC rewards to an exchange account from the Spexi App, click on “Send USDC now” to open your wallet. From there, click Send, and paste in the address from your exchange account – make sure you use the address for USDC on the Base network. Choosing a different network could result in loss of funds.

This transfer requires a small amount of ETH to pay the transfer fee. Prior to launch of USDC rewards, LayerDrone added a small amount of ETH to each pilot wallet to cover initial transfers. New pilot wallets are also funded with a small amount of ETH after the first flight is completed. You can see your ETH balance within the wallet in the Spexi app.

LayerDrone also provides step-by-step instructions to help users new to digital currencies get set up and withdraw USDC from their wallet to a centralized exchange, and from there, into their bank account.

Tips for a smooth withdrawal

• We recommend using Coinbase, especially if you are new to using cryptocurrencies.

• Make sure you send your USDC on the Base Network. Using other networks could result in a loss of funds.

Reputation Points (RP) Rewards

Users also earn Reputation Points (RPs) for contributing to the LayerDrone Network. In the Spexi Explorer and App, pilots can see the RP rewards available for each mission. Typically, each verified mission is worth 25 RP, but RP may vary depending on location, customer demand, and other network factors.

RPs are displayed within the Spexi App when uploaded imagery is successfully verified. Pilots can use RPs within the Spexi Platform to reserve Spexigons for future flights, as described further in Reservations. RPs will be removed from a user’s account if a user cancels or does not fly a reserved mission – each occurrence will result in a loss of 30 RP.

Safeguard Your Rewards

For your security, no one from our team will ever initiate a DM asking for access to your wallet. We will never ask for your private key or wallet seed phrase. Never share this information with anyone.

If you need support:

• Use the in-app chat function to find answers to common questions

• Join the Discord community and learn from experienced pilots

• Submit a support request for a specific issue with the Spexi App or Explorer