Is the card opening fee a waste of money? A practical test of whether the Solayer Emerald Card can bypass KYC for wealth!
When the crypto community is spreading the word that the Solayer Emerald Card can 'bypass KYC and easily participate in new projects,' I spent 75u to conduct a bold test, only to find that this was actually a carefully designed cognitive trap.
The news distributed by BuidlPad in collaboration with the Sahara community ignited hope that holding an Emerald Card would allow one to skip KYC and participate in high-yield projects? It's worth noting that the previous ICO threshold for BuidlPad was extremely high; Chinese users had to spend 25u to buy an old black KYC while facing the risk of account bans, and the first phase of the Solayer community ICO profits exceeded 800u. If 75u could provide a pass for new projects, it could be considered a leveraged profit.
The practical test involved a complete loop from recharge to KYC. The cost of opening the card was 75u spent on the Solayer official website to purchase the card with USDC on the SOL chain. The KYC process supports certification with a Mainland China ID/passport, and filling out real information leads to passing. Although the anti-witch detection could not bypass Sahara's KYC, the officials hinted that cardholders might obtain higher limits. The key feature is that after binding to Alipay, a practical test of a 15 yuan transaction resulted in 14.92 yuan received, with a loss of 2.13u at an exchange rate of 7, giving a loss rate of about 14.2%.
The test confirmed that the Emerald Card does not equal KYC exemption; BuidlPad still requires complete verification. The so-called skipping KYC is actually an information gap trap, and the 75u card opening fee is likely an intelligence tax. The biggest advantage of the Emerald Card lies in its ability to bind to Alipay. In a regulatory winter, it provides a compliant withdrawal path. By receiving payments through small merchants' codes, the practical loss per transaction can be controlled (2.13u/15 yuan); compared to the frozen card risks of traditional exchange OTCs, the Emerald Card can be considered a safety cushion.
The ecological dividend is the yield from US Treasuries + BTC airdrops. Cardholders can enjoy a 4% annualized return on US Treasuries, and Solayer has previously collaborated with Nubit to airdrop between 5-100u of BTC to cardholders. While this is not exorbitant profit, it is stable appreciation.
The recharge fee is 1%, and large recharges will significantly erode profits. The international transaction fee is 1.5%, making cross-border consumption costs higher than traditional credit cards. The value depends on the speed of Solayer's ecological expansion, and the current application scenarios are still limited.
The Emerald Card is not a ticket to new projects but rather a foundation for withdrawals. If one hopes to get rich quickly through it, the 75u is likely to go to waste. However, if a stable withdrawal channel and US Treasury returns are needed, this may be the most compliant solution at the moment. After all, in the crypto world, a card that can openly bind to Alipay is indeed a rare item.
