What is ILY? The Wallies Currency Explained

ILY is the in-app currency used on Wallies. It's how the platform pays users for engagement and how creators earn from their content.

The basics

Fixed rate: 100 ILY = $1, always.
Earned, not bought: ILY is primarily earned through participation on the platform.
Convertible: ILY converts directly to real money once you hit the cashout threshold.
Not crypto: ILY is a stable platform currency with a fixed value, not a volatile cryptocurrency.

How to earn ILY

Users earn ILY by watching and engaging with content, posting their own content, and referring others to the platform. Creators keep 70% of what they earn from their content.

How to spend or cash out ILY

ILY can be cashed out for real money at 100 ILY = $1 once you reach the minimum threshold. It can also be used inside the platform for tips, gifts, and supporting creators.

Why a fixed rate matters

A stable rate means users always know what their earnings are worth. Unlike points, gift cards, or volatile crypto tokens, ILY has a predictable, transparent value.

Frequently asked questions

What is ILY on Wallies?

ILY is the in-app currency used on Wallies. It is earned through engagement, content creation, and referrals, and converts to real money at a fixed rate of 100 ILY = $1.

How do you convert ILY to dollars?

ILY converts to real money at a fixed rate of 100 ILY = $1. Once you reach the cashout threshold, you can withdraw your earnings as actual currency.

Is ILY a cryptocurrency?

No. ILY is a platform currency, not a cryptocurrency. It has a fixed value (100 ILY = $1) and is used internally on Wallies for payouts and transactions.