🎫Referral Rewards

Overview

Referral rewards are designed to incentivize users to invite others to join the platform. Whenever a referred user performs a buy/sell transaction, the referrer earns a percentage of the transaction fee as a reward. This system encourages community growth and rewards users for their contributions.

How Referral Rewards Work

1. Referral Process:

   • Existing users can invite others to join the platform using their unique referral link or code.

2. Transaction Fee Sharing:

   • Every time a referred user performs a buy/sell transaction on the platform, 25% of the transaction fee is allocated to the referrer.

   • This reward is directly tied to the referred user's activity, providing ongoing incentives for the referrer.

Reward Calculation and Distribution

1. Transaction Fee:

   • Each buy/sell transaction incurs a standard transaction fee of 7%.

2. Referral Reward:

   • 25% of the 7% transaction fee is allocated to the referrer.

   • Example Calculation:

     • If a referred user makes a transaction with a fee of $100, the referral reward would be: Referral Reward=100×0.07×0.25=$1.75