The referral program is designed to reward our existing users for inviting new users to the ChainEX system by paying them a percentage of the trading fees paid by the users they referred. This means that each time one of the user's you referred performs a trade, you will be awarded a percentage of the fee they paid on the trade.
Once you have invited someone using the referral program and they in turn invite users themselves, you will also earn rewards from trading by this second level of invitees! Earning rewards from referrals of your referrals is possible up to four levels, the percentage of fees which can be earned on referral trades per level is outlined below:
Level 1: 16% of trading fee
Level 2: 8% of trading fee
Level 3: 4% of trading fee
Level 4: 2% of trading fee
Example 1: If you refer 5 people to ChainEX and their combined trading volume is 30 BTC with an average fee of 0.25%, you will earn 0.012 BTC.
Example 2: If the first 5 people from example 1 each refer 1 person to ChainEX and the average trading volume of the second level of invitees is 20 BTC with an average fee of 0.25%, you will then be earning 0.016 BTC in total.
Example 3: Continuing on Example 2, if those 5 people each refer 1 person to ChainEX and the trading volume of the third level of invitees is 20 BTC with an average fee of 0.25%, you will earn 0.016 BTC in total.
For more information on the payment of referral rewards, click here