How to Redeem AUDM

If you are a client of the Macropod Platform, you can submit a Redemption Request via the Platform and transfer AUDM tokens from your nominated crypto wallet to Macropod’s Treasury Wallet.

Once Macropod receives your AUDM tokens, it will pay Australian dollars to your nominated bank account at the rate of one Australian dollar per AUDM token.

The minimum amount you can redeem from the Macropod Platform in one transaction is AUD 50. There is no maximum amount an individual can redeem.

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Redemption Request Guide

This How-To Video explains how to submit a Redemption Request through the Macropod Platform.

Who Can Redeem AUDM?

AUDM tokens can only be redeemed with Macropod by clients of the Macropod Platform.

A client who has been onboarded to the Macropod Platform and continues to satisfy the Eligibility Criteria may apply to redeem an AUDM token by submitting a Redemption Request.

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Daily Cut-off Times

To ensure same-day processing, all Mint and Redeem Requests must be submitted within the standard operating window of 9:30 AM to 4:30 PM (AEST/AEDT) on Business Days.

Requests received within the operating window are processed on the same Business Day.
Requests received after 4:30 PM will be deemed received and processed on the following Business Day.
Requests submitted on weekends or public holidays will be processed on the next available Business Day.

Please note that Macropod reserves the right to determine or adjust these times as published on the website from time to time.

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How Long Do Redemptions Take?

Redemptions are processed as soon as Macropod receives your AUDM.

Australian dollars are then paid via NPP for fast settlement (typically within minutes).

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Can the person I Pay Redeem AUDM?

A person who receives an AUDM token can only redeem it directly with Macropod if they are onboarded as a client of the Macropod Platform.