How Manual Claiming of Wingbits Rewards Puts Users First

Tokens are a relatively new tool without complete tax clarity in many jurisdictions. In more than several places worldwide, each token receipt can potentially constitute a taxable event. 

When $WINGS are automatically distributed to your wallet daily, you could potentially have hundreds of micro-transactions to track and report annually.

That makes for some complex accounting requirements for relatively small amounts and an increased administrative burden during tax filing season.

Complicated tax situations often lead to higher costs if you use tax preparation services, which can sometimes charge per transaction.

Instead of burdening our community members with this administrative nightmare, we’re granting you complete control over when to claim your rewards.

This manual claiming approach lets you determine when to move your $WINGS to your wallet from the Wingbit vault.

This flexibility allows you to optimize your tax strategy by claiming at intervals that make sense for your financial planning.

It can reduce administrative work by consolidating multiple rewards into fewer transactions, helping to match your workflow and unique tax situation. 

So, whether you prefer daily, weekly, monthly, or annual claiming, you can adapt to market conditions by timing your claims strategically based on market dynamics.

Your unclaimed $WINGS tokens will accumulate daily and remain visible on your dashboard. It’s the same degree of complete transparency into your earnings that you’re used to. 

The only difference is that the transfer to your wallet (or any wallets designated via rewards splitting as host wallets) only happens when you click the "Claim rewards" button.

Your rewards remain securely held in the Wingbits system until then, ready for transfer whenever you choose. 

Looking ahead, we're exploring additional utility for unclaimed rewards. More on that later, but suffice it to say that we’re working diligently to ensure every feature is as rich and rewarding as possible for Wingbits community members.

With great flexibility comes great responsibility. In this case, you’re responsible for tax compliance within your jurisdiction.

This system of manual claiming is meant to empower you with greater oversight. However, we urge everyone to stay updated and compliant with their local requirements.

If you’re uncertain about the legal aspects of crypto in your jurisdiction, contact local tax authorities.

This action further cements that Wingbits is a community-powered ecosystem that appreciates your efforts, information, and time.

It’s yet another way we guarantee our system works for you, one claim at a time. 

We’ll keep building tools and systems that benefit the Wingbits community while creating the world's most sophisticated, comprehensive, and incentivized flight tracking network.

Have questions about manual claiming? Join the conversation in our Discord for more information.