Referral Rewards Program
What is Referral Rewards Program?
The referral rewards program is a mechanism in decentralized platforms like this contract to incentivize users to invite or refer new users and get rewarded for it.
It encourages users to build a referral network by rewarding them as more users join via their referral links. The wider the network, the more the referral income
Conditions of participation and levels of the referral rewards program
In Octo Protocol, an inbuilt reward system operates with 7 levels and the necessary conditions to participate in the referral program are as follows:
There are 7 referral levels in Octo Protocol. This means rewards can be earned up to 7 levels in the referral network.
The total bonus percentage can be earned up to 21%, if the referral requirement at each level is unlocked. Range from 200 FTM to greater than 15.000 FTM.
When a new user joins via the referral link, the referrer will start earning rewards up to 7 levels up the chain based on the amount of downline deposits.
● Conditions to participate in the referral program:
1. Must have a valid referrer
2. Must have a minimum deposit of 200 FTM
3. The referral amount at each level must meet the volume requirements
These make sure to check if the referrer itself is a current user. And only those who have invested will ensure real interest and effort before the referral program.
