🤝 Referral system
A system designed to help users earn more from our dApps!
Commission Structure
In "Up & Down" game, Pandora Finance charges 5% of the total losing trades from users for further protocol development. It means losers payout 95% to winners, and 5% to the treasury of Pandora Finance.
Pandora is willing to cut a maximum of 2.75% from 5% above as commissions for the referral program. This commission will continue to count with other future games of Pandora Finance too.
The referral system of Pandora is designed with 03 levels. If user A can fill referees to those 3 levels, he can earn from their losing trades as follows:
Level 1: earn 1% from losing trades of level 1.
Level 2: earn 0.5% from losing trades of level 2.
Level 3: earn 0.25% from losing trades of level 3.
Meanwhile, Level 1 as the direct referral from user A, so this Level 1 can get a 1% cashback from his losing trades. This cashback mechanism encourages the referee to participate in the Referral system to bring mutual benefit to the referrer as well as himself.
Thus, the maximum % commission Pandora can payout to one losing trade is: 1% + 0.5% + 0.25% + 1% = 2.75%
Any exceed % commission from the Referral System will go back to the treasury.
A walkthrough example
To illustrate the distribution process, let’s consider Alice who managed to build a referral network that spread across all 3 levels.
So she can earn:
1% from losing trades of F1
0.5% from losing trades of F2
0.25% from losing trades of F3
From the POV of F1, he is the direct referral of Alice:
He can earn a 1% cashback from his losing trades.
Pay 1% commission from losing trades to Alice.
There are no more upper referrers above Alice. So all 0.75% commission from losing trades of F1 will go to the treasury.
It’s similar when we see from the POV of F2:
Earn a 1% cashback from his losing trades.
Pay 1% commission from losing trades to F1.
Pay 0.5% commission from losing trades to Alice.
Exceeding 0.25% commission from losing trades of F2 will go to the treasury.
Create your own Referral code (can use your name for better tracking).
The referral code must be between 6 and 20 characters long, without special characters.
Your SUI commission will be shown here and you can claim it after the campaign ends. This would only work with the mainnet period and after that, you can claim your commission anytime.
As a reminder, you can also use a third-party Referral Code to get a 1% cashback from your trades anytime.
Your referral commission should typically appear on the affiliate page within 15 minutes of the trade. If it doesn't show up, please join our Discord, open a ticket, and let us know about the issue.
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