Rebate Activation Procedure

Step-by-step guide to activate your
electricity rebate

Everything you need, from creating your account to receiving monthly rebates.

PARTICIPATION SYSTEM

Built for Web2 users
Powered by blockchain in the background

The NEXT participation system handles registration, eligibility verification, and monthly rebate distribution through automated processes. Participants interact with NEXT through a familiar consumer experience: email, bill upload, and online banking. The underlying infrastructure runs on blockchain technology for transparency and verifiability.

01

Create your account

Sign up with your email address. We'll send you a one-time verification code. No passwords, no wallets, no apps to install.

NEXT sign-in screen — email entry NEXT sign-in screen — verification code entry
1
Visit the NEXT participation portal and select Sign In.
2
Enter your email address and tap Continue with Email.
3
Check your inbox for a 6-digit verification code.
4
Enter the code to confirm your email and access your participation account.
Your email is your account. There is no password to remember. Sign in by requesting a fresh code anytime.
02

Verify your electricity bill

Submit your latest monthly electricity bill to establish your verified participation level. Eligibility for the rebate program is calculated from this verified amount.

NEXT bill verification screen — provider and amount entry NEXT bill verification screen — bill upload
1
From your Account Overview, select Verify.
2
Enter your electricity provider (e.g. Tenaga Nasional) and your monthly bill amount in USD.
3
Upload a photo or PDF of your bill (JPG, PNG, or PDF, up to 10 MB). This helps the system confirm your verified amount.
4
Tap Submit Verification.
Verification is required to activate your rebate eligibility. Your electricity provider, tariff, and supply remain unchanged. NEXT does not interact with how your bill is generated, billed, or paid.
03

Choose your holding tier

Your holding tier determines your monthly rebate eligibility. Each tier is calculated as a multiple of your verified bill. Higher tiers carry a higher commitment and a higher rebate ceiling.

NEXT holding tier selection screen
1
Light, 2× verified bill, up to 10% rebate
2
Standard, 3× verified bill, up to 15% rebate
3
High, 4× verified bill, up to 20% rebate
4
Full, 5× verified bill, up to 25% rebate
Rebate percentages reflect the maximum eligibility ceiling for each tier. Actual monthly rebates depend on verified usage and system conditions, and are not guaranteed. Rebates are paid in NEXT.
04

Pay with FPX through your Malaysian bank

Once you've selected your tier, complete payment through Malaysian online banking. NEXT supports all major Malaysian banks via FPX, the same secure rail you already use for daily transactions.

NEXT FPX payment screen — bank selection
1
Select your bank from the supported list (Maybank, CIMB, Public Bank, RHB, Hong Leong, Bank Islam, AmBank, Affin Bank, Bank Rakyat, OCBC, Standard Chartered, HSBC, UOB, Alliance Bank, Bank Muamalat, BSN, Agrobank).
2
Tap Pay with FPX. You'll be redirected to your bank's secure login page to authorise the payment.
3
Once your payment is confirmed, the system handles the conversion in the background and credits your participation account with the corresponding NEXT balance.
4
Your account status updates to Active automatically.
Payment is processed in MYR through FPX. The system converts your payment to NEXT in the background. You'll see your participation balance reflected in your Account Overview as soon as conversion completes.
05

Receive rebates monthly Exit any time

At the end of each monthly billing cycle, the system automatically verifies your eligibility, checking that your verified bill is current and your holding tier is maintained, and credits your rebate to your participation account. Participation is voluntary: you can exit at any point. To exit, provide your bank account details for the payout. Exits are processed within 48 hours.

NEXT monthly rebate credited to participation account NEXT exit participation screen — bank payout details
1
Maintain your holding tier and keep your bill verification current each month.
2
At cycle close, the system runs the eligibility check automatically. If eligible, your rebate is credited to your participation account, paid in NEXT.
3
To exit, open your Account Overview and select Exit Participation. Enter your bank account details (account name, account number, bank name) for the payout.
4
Your exit is processed within 48 hours. After exit, your participation position resets, and you can start a new participation at any time at the then-current Unit Value.
Each month is assessed independently. If eligibility conditions are not met during a cycle, no rebate is issued for that month. The program does not pause, accumulate, or carry forward. Exiting participation does not retroactively affect rebates already issued. The value of NEXT at the time of exit may differ from the value at the time of entry.
EXAMPLE

A $100 monthly bill, walked through

Illustrative only. Actual rebates depend on verified usage, system conditions, and continued eligibility. Not a forecast.

Light
2× bill
Required holding
$200
Up to 10% rebate
$10 in NEXT
Standard
3× bill
Required holding
$300
Up to 15% rebate
$15 in NEXT
High
4× bill
Required holding
$400
Up to 20% rebate
$20 in NEXT
Full
5× bill
Required holding
$500
Up to 25% rebate
$25 in NEXT
★ Your participation balance stays in your account. You can adjust tiers, exit, or re-enter, subject to the rules in effect at the time. Rebate eligibility and value are not guaranteed.

See what 25% really means

View The Math
NEXT is a digital participation system that operates on blockchain infrastructure. Rebate distributions are paid in NEXT. The value of NEXT may rise or fall based on market activity. Participation involves risk. NEXT is not an electricity provider, does not affect how electricity is billed or supplied, and is not a guaranteed-return product. Please consult an independent advisor if you are unsure whether participation is suitable for you.