Varun Srinivasan on Warpcast

Varun Srinivasan pfp

Varun Srinivasan

We’re making a few changes to Warpcast Rewards this week: 1. If you earn > $600 and live in the US, you’ll have to fill out a 1099 to collect further rewards.   2. If we don’t know which country you’re in, we won’t be able to send you any rewards.

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Varun Srinivasan pfp

Varun Srinivasan

Who is affected by this? 1. A small handful of users are close to the $600 threshold, we'll reach out to you with instructions. 2. Users who signed up outside of Warpcast or who travel frequently will be affected by this, we'll provide a way to verify your location if you want to keep receiving rewards.

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jihad ↑ pfp

can i add merkle to my resume

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Syed Shah🏴‍☠️🌊 pfp

Syed Shah🏴‍☠️🌊

Hmmm. Sounds very annoying. Unrelated question, would you have to deal with this regulation if you were giving out idk let’s call it warplet tokens.

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Conway pfp

I’ve discovered a way around this Simply don’t cast well enough to get paid over $600

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tricil pfp

I’m down with this. Would like to get a 1099 from Merkle. Of course, a W2 would be even better.

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EulerLagrangodamus - tevm/acc pfp

EulerLagrangodamus - tevm/acc

@eulerlagrange.eth

Bountybot for an ai agent that does it for you

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Manan pfp

isn't the $600 rule per transaction? max reward is $500, right? https://www.cnbc.com/select/1099-k-tax-rules

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ceej pfp

WELP ANOTHER 1099 TO ADD TO MY STACK

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nick.base.eth pfp

@nickprince.eth

Can use Coinbase verifications for country (EAS attestations) I actually wanted to build an onchain rewards product that would have packaged that and 1099s into an onchain payout engine We’ve had to do something similar for a lot of coinbase products Was hard to justify the investment to productive though. Would Merkle pay to have all this handled?

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Nicholas Charriere pfp

Nicholas Charriere

aha crypto is hard

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Anna Morris pfp

Cautiously excited by this news, hope that this means I'll be able to get out of the rewards limbo I'm in currently 🙏

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Chinmay 🕹️🍿 pfp

Chinmay 🕹️🍿

I'm in Canada, but I wonder, if the recipient does not fill out the form, and if you still pay them, who pays the penalty -- Warpcast or the recipient?

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Birtcorn pfp

It’s crime season, you don’t have to do this

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siadude.degen 🎩 pfp

siadude.degen 🎩

i'm from germany lol so i'm down for more rewards haha!!

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Thumbs Up pfp

If we live in Canada what’s the arrangement? Not that I’m anywhere near $600, but just in case

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Eren🎩 pfp

What if I run a cartel and I’m in hiding 👀

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wetsocks pfp

taxation is theft

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Icetoad 🎩 🍕 🎶 🐈 💚 pfp

Icetoad 🎩 🍕 🎶 🐈 💚

I'm in Canada but I'm still a ways off from $600

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CRYPTOforCHANGE ↑ pfp

CRYPTOforCHANGE ↑

@cryptoforchange

*Shakes fist at the IRS

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