Energi Referral Program: Enjoy discounts and commissions on the Energiswap decentralized trading platform

Author: Energi

Compiled by: ChainCatcher

Energi is excited to announce that our new referral program is now live!!! This affiliate reward program is designed to bring new users and the existing users who invite them to Energiswap --- Energi's fully decentralized exchange (DEX) platform. This is the first decentralized referral system successfully deployed in a DEX ------ it's truly remarkable.

How the Energiswap Affiliate Program Works

Users visit the Energiswap exchange, where they will find the affiliate company page. Users can accept membership invitations here. Accepting a membership invitation creates a transaction stored on the Energi blockchain, and all our membership levels are tracked in this way. Then, to track individual statistics and metrics of the referral network, you can view the affiliate marketing overview page for real-time updates.

On this page, users will also generate referral links that they can share with others. Anyone who accepts an Energiswap referral link invitation will receive a 10% permanent discount on trading fees at the exchange. Conversely, Energiswap users providing referral links can earn a 10% commission from the trading fees paid by friends or family who accept the referral link and join the DEX.

Multi-level rewards benefit both existing users and new users

Our referral program is groundbreaking because we offer multi-level commissions for your referrals. You will earn 10% of the trading fees generated by the first-level referral users you recruit. If any of them get their own referrals, you can earn an additional 5% from the second-level participants. If these second-level participants recruit their own batch of referrals to register on Energiswap, as the root recruiter of the affiliate network you built, you can earn another 3%.

Breaking it down, the actual numbers look like this: the trading fees for users with referral codes permanently drop from an initial 0.30% to 0.27%. Then, affiliate members earn that difference (0.03%) as a commission for each trade from first-level referrals; second-level referrals earn 0.015%, and third-level referrals earn 0.009%. There is no limit to the number of people Energiswap users can add to their referral group. Therefore, while you help them save 10% on trading fees, you can also help yourself by building a cost-free passive income stream. It's truly a win-win situation!

Its decentralized structure is elegant and unique

Due to the lack of oversight and reliance on direct reward deposits from each newcomer, decentralized referral systems have never been successfully deployed before.

"This is different because it has decentralized on-chain storage for each user's referral tree. Therefore, when you accept a referral, the referral link that recruited your address will be stored on the blockchain. These smart contracts automatically scale and accurately reward both parties for each referral ------ the person initiating the referral request and the person accepting the referral request. This is a completely decentralized, trustless affiliate system that works exceptionally well," said Ryan Lucchese, President of Energi Core.

Because it is decentralized, there is no need for special registration, no applications, and no prior authorization to participate ------ it is fully automated from start to finish. All you need to do is let people know how they can save on trading fees, inform them that they can also benefit from the multi-level system, and encourage them to join the program through your referral link!

"The key innovation here, and why it has never been done this way before, is that the rewards need to be a certain percentage of the trading fees of both the referrer and the referee. The incentive discount on trading activity ensures that real people are rewarded for genuinely referring newcomers. It took some time to figure this out, but once we did, it proved to be a truly elegant solution," Lucchese said.

How are commissions paid?

For new referrers who accept affiliate links and join Energiswap, their discounts will automatically take effect when they trade, and their savings will be automatically deducted from the tokens they use to start trading. If you want to trade Energi (NRG) with Ethereum (ETH), your discount will apply to your ETH.

Similarly, for affiliate members with a referral network below them, their commissions are paid in the cryptocurrency that any of their referred members use to start trading. If they want to trade Energi (NRG) with Dai (DAI), your commission will arrive in your wallet in the form of Dai. It is also worth noting that all Energiswap users need to have at least some NRG in their wallets to pay the minimum gas fees for each trade ------ these Energi gas fees are separate from trading fees and are much cheaper than the gas fees you typically pay on the Ethereum blockchain.

"One of the unique benefits of creating this affiliate marketing program is that referrers will collect a diversified mix of the most popular trading coins ------ the fact that the most frequently traded coins and tokens will start appearing in your portfolio is one of the best attributes of a referral system that we intentionally built this way to benefit our Energi community," Lucchese said.

The Energi team continues to work towards its mission of making Energi the world's leading cryptocurrency platform ------ more exciting developments will be shared in the coming weeks.