Multi-Tier Referral Program

Incentive for users or traders to have more rebates in multi-tier style

Many CEX and DEX already have a referral campaign, but it would only get the rebates from their referrals in the first tier that connect directly to the referrer. It might lose the opportunity to expand their networks in depth as a team. In our platform, we allow users to earn rewards from their referrals in multi-tier style. Users will get the rebate from the fee sharing depending on the amount of trading volume not just only from their direct referrals but with multiple tiers under them.

Rebate Calculation

Users will have a chance to get a full rebate credit at 50% sharing of the platform fee (can be changed later) depending on the NFT badge and the tier difference from their referrals and their underneath's up to 10 tiers. At this moment, users can get rebate rate without holding NFT as shown in the table below.

Tier Difference	Percent rebate
9	0.25%
8	0.25%
7	0.25%
6	0.25%
5	7.00%
4	7.00%
3	7.00%
2	7.00%
1	7.25%

Rebate Calculation Example

For example, user A has a referral network as shown in figure below.

• Assume that each user has a trading volume at 100,000 USD, and the platform fee is about 20 bps.

• Therefore, the platform could collect about 200 USD for each user and the full rebate credit would be 100 USD per user.

• User A will get the rebate as can calculate below

  • 7.25% of 100 USD from User 1-1

  • 7.25% of 100 USD from User 1-2

  • 7.00% of 100 USD from User 2-1

  • 7.00% of 100 USD from User 3-1

  • 7.00% of 100 USD from User 4-1

  • 7.00% of 100 USD from User 5-1

  • 7.00% of 100 USD from User 5-2

  • 0.25% of 100 USD from User 6-1

  • 0.25% of 100 USD from User 6-2

  • 0.25% of 100 USD from User 6-3

So A will get rebate up to 7.25x2+7.00x5+0.25x3 = 50 USD

​The platform will pay back the rewards via airdrop by monthly basis for the rebate that USD value is over 30 USD. It may not get the full amount of the rebate due to some gas fee (currently BNB price at 240 USD)