🤝Referrals!
Growing the pie and getting rewarded - how to do it? Read along
Last updated
Growing the pie and getting rewarded - how to do it? Read along
Last updated
tl;dr - Tensorians can refer others to earn fees & points, and referees get a points multiplier!
The Tensor Referral program rewards you with SOL and Tensor points.
To participate, you must stake at least 1 Tensorian.
Once staked, you will earn:
Additional points multiplier based on your own trading.
A percentage of points from the trading activity generated by your referral code.
5% of the marketplace fees generated on spot trading volume by your referral code.
Read more on points here: Season 3!
Your referrer bonus scales with number of Tensorian staked.
Benefits increment linearly by 0.025 (Multiplier) and 0.005 (Referral). After Milestone 2, multiplier scale by 0.0125 and referral by 0.0025 instead. Staking benefits caps at 50 Tensorian staked.
Example:
User with 5 Tensorian staked will gain 12% of points from referee and 1.35x points Multiplier of their own points.
User with 15 Tensorian staked will gain 16.25% of points from referee and 1.5625x points Multiplier of their own points.
Referee = the user who signs up with a referral code
Anyone can register using a referral code. New sign-ups will get a 1.05x multiplier forever on their trading activity.
Referee bonus does not stack after you staked at least 1 Tensorian. For example:
Someone who has never been referred - 1.00x multiplier on trading points.
Someone who got referred but no Tensorians staked - 1.05x multiplier on trading points.
Someone who bought a Tensorian and staked it - 1.10x multiplier on trading points.
Trader A is a loyal Tensor user and refers Trader B, let's take a look at how much Trader A will earn from recruiting a decently active trader!
Milestone 1 (1+ Staked)
1.10x
10
5
Milestone 2 (10+ Staked)
1.25x
15
5
Milestone 3 (50+ Staked)
1.50x
25
5
Trader A (Referrer)
Has 10 Tensorians staked (Milestone 2)
Referred Trader B
2,000 pts earned from Trading
+500 pts from staking bonus (1.25x)
+750 pts from Trader B ref bonus (15%)
+1 SOL in fee rebate from Trader B (5%)
Trader B (Referee)
Referred by Trader A
20 SOL spent in fees
5,000 pts earned from Trading
+250 pts from ref bonus (1.05x)
