Create a referral code using any combination of letters, numbers and underscores
Once you've created your code, click on the copy icon next to the code to get your referral link, it should look something like this: https://opx.finance/#/?ref=<yourcode>.
You can share this link on any platform, e.g. Twitter, Telegram. When a user clicks on your link, your referral code would be stored with the user's account. When the user makes a trade they would receive a discount and you would earn rebates from their trading fees. You 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.
The referral program has a tier system to prevent gaming through self-referrals, this helps to ensure that referrers receive the rebates for the users they brought onto the platform.
Tier 1: 5% discount for traders, 5% rebates to referrer
Tier 2: 10% discount for traders, 10% rebates to referrer
Tier 3: 10% discount for traders, 15% rebates to referrer paid, 5% rebates to referrer
Anyone can create a Tier 1 code. To upgrade your code to Tier 2 or Tier 3:
Tier 2: At least 15 active users using your referral codes per week and a combined weekly volume above $5 million
Tier 3: At least 30 active users using your referral codes per week and a combined weekly volume above $25 million
Rebates and discounts apply on the opening and closing fees for leverage trading.
The opening and closing fees are 0.1% on OPX, there is no price impact for trades and zero spread for tokens like BTC and ETH, rebates are calculated before user discounts so referrers earn on the full maker fee and from what would otherwise be spread on other exchanges. As a result, referrers would earn equivalent amounts of rebates per volume on OPX when compared to other referral programs.
Wallet providers and other protocols will be eligible for Tier 2 and Tier 3 rewards as well.