> For the complete documentation index, see [llms.txt](https://docs.musing.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.musing.io/rewards/referral-rewards.md).

# 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.

<figure><img src="/files/PKtrS1k1OS3EoQiRz5ua" alt="" width="563"><figcaption></figcaption></figure>

### 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: $$Referral Reward=100×0.07×0.25=$1.75$$

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