You
DON'T actually get $500, you
DO get 500 "Qassia dollars". From the FAQ
Quote:
How can I spend Qassia dollars?
Eventually we will introduce auctions for front-page advertising, site-wide links, and other novel ways for you to burn through your hard-earned Qassia dollars. For the meantime, what matters is the amount of Qassia dollars you have in your account. Your net worth determines how high your sites will rank.
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They state that they are an adsense revenue sharing site.