👬Referral

Get rewards by leveraging community network

The Referral Program is designed to empower individuals by allowing them to generate their own unique referral links/codes. These referral links can then be shared with prospective traders who are interested in joining the Ethora Platform. The main objective of the Referral Program is to incentivize community members to actively participate in expanding the Ethora user base.

1. Share Referral Link and Code

• Each user is allowed to create only one referral code, and it cannot be altered later. Also, keep in mind that referral code is case sensitive.

• Once you successfully create a referral code, a unique referral link will be automatically generated, which includes your code.

• You can easily copy the referral code or share this referral link with your friends. When they click on it, they will be directed to the Referral page with your code pre-filled in the Referral code textbox.

2. Referrer and Referee Guidelines

• Referees can enter multiple referral codes, but the system will retain the latest code entered before their first trade. The referrer associated with this code will be counted as their referrer once they open their first trade.

• Once a referee opens their first trade, they cannot change the referral code.

3. Tier Structure

Your position in the referral program is based on the trading activity of your referrals. There are three tiers:

• Tier 1: You are automatically enrolled in Tier 1 when you join the referral program.

• Tier 2: Attain a minimum of 15 active traders using your referral code each week, with a combined trading volume exceeding 5 Million USDC.

• Tier 3: Achieve a minimum of 30 active traders using your referral code each week, with a combined trading volume exceeding 15 Million USDC.

Once you ascend to a higher tier, you cannot be demoted to a lower tier.

4. Earning Opportunities

As a referrer, you earn a percentage from each trade (trade size) made by your referees. The referral tier determines the percentage of trader rebates you receive on each trade made by your referees.

• Tier 1: 0.25% per trade for referrers.

• Tier 2: 0.5% per trade for referrers.

• Tier 3: 0.75% per trade for referrers.

Referral earnings will be transferred to referrer's wallet when referee opens trade.

5. Enhanced Payouts

Traders (referees) who onboard the platform through a referral code/link receive boosted payouts as rewards. The tier of the referrer determines the payout boost his referee receives.

• Tier 1: 1% payout boost to referees.

• Tier 2: 2% payout boost to referees.

• Tier 3: 3% payout boost to referees.

6. View your referral metrics

To see if you are eligible for upgrading to the new tier, you can check out the criteria on your own Profile page.

• Total referral earnings is the amount of earnings you receive on all the trades made by your referees.

• Referral trading volume/ week is the total trading volume made by your referees within a week (starting from 00:00 UTC on Monday to 00:00 UTC on next Monday).

• Number of Active referral traders/ week is the number of referees who open at least a trade within a week (starting from 00:00 UTC on Monday to 00:00 next Monday).

• Referral tier is your current tier.