🧠SmartPay Plans

SmartPay is a flexible payment plan that makes it easier for you to own a Homnifi Computer Device without paying the full price upfront.

With SmartPay, you will pay a smaller initial amount and cover the rest through daily payments automatically deducted from your device's rewards. Plus, you will get a bonus token airdrop to boost your rewards!

💁 How SmartPay Works

Step 1. Getting Started with SmartPay

• Choose a SmartPay Plan Product: Select a Computer Device available under the SmartPay plan on Horysmall. Once purchased, these devices will be clearly labeled "SmartPay Plan" in the Homnifi platform.

• Pay Upfront: Pay only a portion of the Computer Device’s price upfront (e.g., 20% of the original price).

• Receive Bonus Tokens: When you activate your SmartPay device, you’ll get a bonus LYK token airdrop, automatically linked to your device, to enhance your rewards.

• Device Activation: Once added to your account, your device becomes active and starts generating daily rewards.

Step 2. Daily Repayments

• Automatic Deductions: Your Computer Device’s daily rewards are used to cover a fixed daily repayment amount, calculated based on the remaining balance and convenience fees.

• What You Owe: The total amount due includes the remaining device price (after your upfront payment) plus convenience fees. For example, if a device costs $1,500, you might pay $300 upfront, leaving $1,200 plus $300 in fees, totaling $1,500 due.

• SmartPay Wallet: A dedicated SmartPay Wallet tracks your repayments. Each day, the repayment amount is deducted from your rewards and recorded in the wallet’s transaction history.

• Shortfall Handling: If your daily rewards are less than the repayment amount, the shortfall is carried forward to the next day. You don’t need to deposit any additional amount, the system adjusts automatically.

• Repayment Duration: Repayments continue until the total due amount is fully paid or the device reaches its expiry date.

If your device’s daily rewards occasionally fall short of the repayment amount, don’t worry, the shortfall If your device’s daily rewards occasionally fall short of the repayment amount, don’t worry, the shortfall carries forward automatically.

To minimize shortfalls, ensure your device is running with maximum LYK capacity to generate maximum rewards.

Step 3. Rewards and Benefits

• Full Rewards Potential: If your device is set to Auto Link ON, it generates 100% of its standard rewards. After the daily repayment is deducted, the remaining rewards are available for auto-compounding (re-linking) or other benefits, like Supernode rewards or GAS-USDK generation.

• Transaction Transparency: All repayment deductions are logged in your device’s transaction history, labeled as “SmartPay Payment” for easy tracking.

Ensure your device is set to Auto Link ON to generate 100% of its reward potential. This maximizes the rewards available for daily repayments and auto-compounding, helping you pay off your Computer Device faster and receive more over time

Example: How SmartPay Works?

Let’s say you buy a Breeze computer device (original price: $1,500) with SmartPay:

• Upfront Payment: $300 (20% of $1,500).

• Remaining Balance: $1,200 + $300 convenience fees = $1,500 total due.

• Bonus LYK Airdrop: $2,250 in LYK tokens, automatically linked to your device.

• Daily Repayment: Approximately $0.83/day (total due of $1,500 divided over 1,800 days, or roughly 60 months).

• Rewards Deduction: Your device generates daily rewards (e.g., $1.50/day). The $0.83 repayment is deducted, and the remaining $0.67 is available for auto-compounding or other rewards.

• Shortfall Example: If one day’s rewards are only $0.50, the $0.33 shortfall is carried forward, and the next day’s rewards will cover $0.83 + $0.33 = $1.16 (if sufficient).

Why Choose SmartPay?

• Affordable Entry: Start with a lower upfront payment and spread the cost over time.

• Hassle-Free Repayments: Daily repayments are automatically handled using your device’s rewards, no manual payments needed.

• Bonus Tokens: Get extra LYK tokens to boost your device’s earning potential.

• Transparency: Track all payments and rewards in your SmartPay Wallet and device transaction history.

Frequently Asked Questions (FAQ)

What is SmartPay?

SmartPay is a payment plan that lets you purchase a Homnifi Computer Device with a smaller upfront payment. The remaining balance is paid off automatically using your device’s daily rewards.

How much do I need to pay upfront?

You typically pay 20% of the device’s original price upfront. For example, a $1,500 device requires a $300 upfront payment.

What happens if my device’s rewards don’t cover the daily repayment?

If your rewards are less than the daily repayment amount, the shortfall is carried forward to the next day. The system will deduct the shortfall plus the next day’s repayment from future rewards.

Can I pay off my SmartPay balance early?

Currently, SmartPay repayments are designed to be deducted automatically from daily rewards until the balance is fully paid or the device expires.

What are the bonus utility tokens?

When you activate a SmartPay device, you receive a bonus LYK utility token airdrop, which is automatically linked to your device to increase its reward potential.

Where can I track my SmartPay repayments?

Your SmartPay Wallet shows the total due amount and transaction history. Repayment deductions are also logged in your device’s transaction history, marked as “SmartPay Payment.”

Are SmartPay devices different from fully paid devices?

SmartPay devices have the same features and reward potential as fully paid devices but include a repayment plan. They’re labeled “SmartPay Plan” and excluded from Purchase and Rewards Calculators for clarity.