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Referral Program
In order to help grow the user base of our perp exchange, we will create a referral program that rewards anyone who onboard new users. Referrers will receive cash rewards, paid weekly in USDT, as a percentage of trading fees paid by their referred users. We employ a Tier structure that rewards you proportionally higher as you bring more activity to the perp exchange.
Benefits: 10% rebate on fees paid by referred users
Requirement: Base tier (No requirement)
Benefits: 15% rebate on fees paid by referred users
Requirement: At least 15 active users used your referral code and had a weekly combined volume of $2.5 million
Benefits: 20% rebate on fees paid by referred users
Requirement: At least 30 active users used your referral code and had a weekly combined volume of $10 million
Anyone will be able to sign up and generate their personal referral code directly on the Referral section of the website.
Any user of a referral code will enjoy a 5% discount on the trading fee for the first 4 weeks of their sign up. (If a user signs up during the 0-fee trading period, their discount benefit will start after the 0-fee trading period ends).
Note:
- Referral Tiers are independent from Trading Tiers.
- While you’ll be able to start creating / sharing your referral code right away, the referral rewards will only become available to you after the 0-fee trading promotion ends.
- An active user is defined as a unique wallet address that makes at least 1 trade in a week (weekly cutoff on Thursdays).
- Rebate amounts are calculated before any trading discount is applied.
- Borrowing interest and funding rate are not tracked under the referral program.
Example:
Alice has 3 active referred users in a given week: Bob, Carol, and Dave.
Bob’s trading volume: $30k
Carol’s trading volume: $2Mn
Dave’s trading volume: $100k
Since Alice has 3 active users using her referral code, she is in Tier1 and will receive a 10% rebate from the trading fees paid by her referred users (before any trading discount applied).
($30k + $2,000k + $100k) * 0.09% trading fees * 10% rebate = $191.70
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