How do you verify that a reward is completed?

While Carrot is in alpha, we will be manually reviewing each submission to verify that it was completed correctly. Some rewards will use a combination of human moderation and automated verfication.

Do I need a bitcoin wallet?

Yes. Carrot currently only supports bitcoin payouts via the Lightning Network. To receive payments you will need a bitcoin enabled wallet. View a list of Lightning wallets.

Why do you pay out via Lightning?

The Bitcoin Lightning network allows for fast & secure payments for fees that are a fraction of traditional payment methods such as PayPal or credit card processing. Learn more about the Lightning Network.

Can create rewards for my own project?

We are currently accepting applications for brands and content creators who would like to be alpha partners for Carrot. If you're interested, please fill out this survey to let us know!

Am I responsible for taxes on the rewards?

All users are responsible for reporting their own tax obligations. For US taxpayers, Carrot will provide a Form 1099-MISC for users earning above the $600 annual IRS reporting limit.

I'm ready to withdraw my money, how are payouts made?

While Carrot is in alpha, we are manually reviewing and processing payouts. Payouts are generally processed within 24-72 hours and may require a security verification. If you have feedback or need help, we'd love to hear from you!