Referral Rewards
The Referral Program is designed to reward users for bringing new traders to the platform while incentivising high-quality trading activity. Rewards are distributed in the form of points, calculated using PnL-weighted volume to discourage wash trading and low-signal volume.
Both the referrer and the referee benefit from the program.
Eligibility & Roles
Referrer
A referrer is an existing user who has met the minimum trading requirement and can generate a referral link.
Eligibility
User must have lifetime trading volume > $100
If the requirement is not met:
Referral code generation remains locked
Referral Code Generation
Once unlocked:
User can click Generate Referral Code
A unique referral URL and code is generated
Referrer Rewards
Referrer earns 10% of the points generated by each referee
Rewards are calculated and distributed per epoch (weekly)
Referee
A referee is a new user who joins the platform using a referral code or referral link.
Who Qualifies as a New User?
A user who has not yet created an account or proxy wallet; or is depositing the funds for the first time
Existing users cannot retroactively apply a referral code
Referral Entry Paths
There are two supported ways for a referee to join:
1. Referral Code During First Deposit
When a user deposits for the first time, users can input the referral code
The existing deposit modal is used in such cases
2. Referral Link Flow
User clicks the referral link
User connects wallet and creates proxy wallet
Referral code is automatically applied and linked with the user account
Referee Rewards
Referee earns 100% of the points generated by their own activity
Points are calculated using PnL-weighted trading volume mechanism
Why PnL-Weighted Volume?
Wash trades typically generate near-zero PnL, even if volume is high. By weighting volume using PnL, the system naturally discounts wash trading and rewards meaningful trading activity.
Whether the PnL is positive or negative doesn’t matter, the score is based on absolute value.
How to maximise point generation via referral program?
Execute genuine trades that generate real PnL (positive or negative doesn't matter), as points are calculated using PnL-weighted volume (wash trades with near-zero PnL earn little to no points).
Refer new active traders: Share your referral link with new users - earn 10% of the points they generate through their own PnL-weighted trading activity.
Increase sustained trading activity across epochs: Trade consistently each week to accumulate higher PnL-weighted volume, improving your share of points distributed in every epoch.
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