KTX.Finance Unique Referral and Traders Program
KTX.Finance Testnet is progressing well with the support of the community and till today, there are more than 6800 unique wallet addresses having to trade on the app. As the Mainnet launch is around the corner, the team is going to launch a new and unique Referral and Traders Program that no one has seen before. The team hopes that the community is as excited as we are and this article will walk you through the key details of the program so that you can take advantage of all the opportunities that this program will offer.
First, you need to generate your own Referral code. Second, enjoy being a Key Opinion Leader (KOL) of KTX.Finance!
Generate Your Referral Code
To create a referral code:
- Go to Referral
- Click on the Affiliates tab
- Create a referral code using any combination of letters, numbers and underscores
Please note that referral codes are case sensitive and once the code is created, click on the copy icon next to the code to get your referral link.
When a referee clicks on your link (also at the Referral page via “Traders” tab), your referral code would be tagged to the referee’s wallet. The referrer will continue to earn rebates even if the user uses another device later on as the referral code is stored on the contract the first time the user makes a trade. Each time your referee trade, they will receive a trading fee discount according to their Tier and Group while you will earn referral rebates, all real-time on-chain.
The referral rebates will be distributed as BNB weekly as a percentage of trading fees paid by the referred users and will be viewable under Referral. As long as your referee use the same wallet address that is linked to your referral code, you will continue to earn these referral rebates.
🧑🏻🤝🧑🏻Referral Tiers
The referral program has a tier system to prevent gaming through self-referrals, this helps to ensure that referrers receive the rebates for the real users they brought onto the platform. We employ a Tier structure that rewards you proportionally higher as you bring more activity to the perp exchange.
Tier 1:
- Benefits: 4% discount for traders, 8% rebates to referrer
- Requirement: Base tier (No requirement)
Tier 2:
- Benefits: 12% discount for traders, 16% rebates to referrer
- Requirement: At least 10 active users used your referral code and had a weekly combined volume of $2 million
Tier 3:
- Benefits: 15% discount for traders, 20% rebates to referrer paid in BNB, 5% rebates to referrer paid in esKTC
- Requirement: At least 20 active users used your referral code and had a weekly combined volume of $10 million
Note:
- An active user is defined as a unique wallet address that has fulfilled with of these 2 conditions every week: a) Stake over 200 BUSD or USDT equivalent of $KTC or $KLP or b) has a trading volume of more than 1000 BUSD or USDT equivalent.
- Referral rebate amounts are calculated before any trading discount is applied.
- Only Referrer and referee with active status will be rewarded with discount and referral rebates.
- Borrowing interest and funding rate are not tracked under the referral program.
- Trading fees discounts and referral rebates apply to opening and closing fees on KTX.Finance.
💹Traders Group Program
KTX.Finance will not be possible without our community and to reward our loyal users, we have a special Traders Group Program that has a dynamic discount scheme add-on based on your trading volume. This discount does stack with your Referral Tier discount. The higher your trading volume, the higher the trader’s discount add-on.
Let y be trading volume.
Group 1:
- Benefits: (y/250k)%, highest to 20% discount
- Requirement: Below $5 million total trading volume within the week
Group 2:
- Benefits: [(y/250k)*1.1]%, highest to 44% discount
- Requirement: Below $10 million and above or equal to $5 million in total trading volume within the week
Group 3:
- Benefits: [(y/250k)*1.1*1.1]%, highest to 60% discount
- Requirement: Above or equal to $10 million total trading volume within the week
Note:
- This discount does stack with your Referral Tier discount and serves as an add-on to the Referral Program.
- The discounts become claimable on a weekly basis after trader has fulfilled the requirement.
Example:
Peter has 4 active referred users in a given week. He will be in Tier 1 and will be entitled to 4% referral discounts. Assuming he made a $100,000 trading volume (Collateral * leverage), he will also be in Traders Group Program Group 1.
Therefore total trading discount Peter has will be,
4% + (100k/250k)% = 4.4%
Conclusion
KTX.Finance will eventually be a “community-owned” protocol. This Referral and Traders Program opens up opportunities for our community to earn discounts and referral rebates by becoming KTX.Finance advocates and KOL. We are excited to upgrade our program to be the most competitive DEX and DeFi product in the market and the most pro-community protocol. We will bring in more new features prior to Mainnet launch! Stay Tuned.
Connect with KTX.Finance to stay updated always!
