DEX Referral Rules
Dex Referral Rules
DEX Referral Mechanism
General Rules
The referral relationship is established once your friends join Position Exchange by your referral link/ code and confirm you as their referrer.
After the confirmation, when the referee opens a Limit or Market order in Trade or Swap successfully (which means the order is filled) for the first time with a minimum value of $10, both you and your referee will receive 5 POSI welcome bonus. You also receive 80% trading fee derived from the referee’s transactions.
Note: The referee's referral reward will be limited to the first order being filled. From the second time onwards, only the referrer receives 80% of the trading fee while the referee earns nothing.
Tips: Spread the joy by inviting more friends and becoming one’s referrer to keep earning!
To specify, when a Limit order placed by a user is filled, he/she will have to pay a 0.2% trading fee on the total value being filled.
Taking advantage of the Position Exchange's DEX Referral program, when the referee's Limit order is filled for the first time with a value of $100, both you and your referee will earn 5 POSI as the welcome bonus.
You as a referrer will earn a commission of 80% trading fee
=> ($100 * 0.2%) * 80% = $0.16.
You can only earn a commission if the value of the referee's filled order is equal to or greater than $10.
Example: If your referee’s filled order has a value of $9, you will not receive any commission.
From the referee's second filled order onward, you will still receive 80% of the trading fee while your referee earns nothing.
Example: If your referee’s second filled order has a value of $10, the commission you will receive is 10*0.2%*80% = $0.016.
Your referee will earn nothing.
In conclusion, with the first order being filled, the referee will receive 5 POSI welcome Bonus when the referrer will earn 5 POSI welcome Bonus and a commission of 80% trading fee derived from the referee’s transactions. From the referee's second filled order onward, the referrer will still receive 80% of the trading fee while the referee earns nothing.
Please note that you will be able to claim the rewards at the end of the campaign, after March 30th, at 00:00 UTC+0. You can only claim your rewards after the aforementioned date and time.
Position Exchange reserves the right to change the rules without prior notice.
User guide for referrer and referee
Invite friends to join Position Exchange to earn welcome bonus and commission.
For referrer
Step 1: Navigate to the Referral Campaign page
Step 2: Connect your wallet and get a referral link/ code
Click connect wallet to generate your referral link/ code in the Referral section.
Step 3: Invite your friends by link or code.
Your unique referral link/ code is automatically generated. Click “Invite”
You can now copy and share your referral link/ code to invite your friends via social media channels.
Step 3: Claim POSI
You can claim your Earning at the end of the campaign, which is at 00:00 UTC+0 30/03.
Click Claim and the reward will be transferred to your wallet.
For referee
Step 1: Join Position Exchange by clicking the referral link or entering the code.
You can click on the referral link which you receive from your referrer to access Position Exchange and click “Confirm” your referral relationship.
Or enter the referral code you’ve been given by your referrer and confirm your referral relationship.
You can also enter the code in the Swap and Trade tab.
Step 2: After the confirmation, open a Limit or Market order in Trade or Swap with a minimum value of $10. When your order is filled for the first time, you will receive 5 POSI as reward.
Step 3: Claim POSI
You can claim your Earning at the end of the campaign, which is at 00:00 UTC+0 30/03.
Click Claim and the reward will be transferred to your wallet.
Terms and Conditions
Referrers will start earning commissions when a referee joins Position Exchange and whenever their referee completes a trade on the Position Exchange platform.
POSI welcome bonus and referral commissions will be calculated on the Detail Earning board in real-time. Referral commissions are derived from the referee's Trading Fee.
Position Exchange reserves the right to disqualify a participant if he/she engages in any inappropriate, dishonest, or abusive activities (such as wash trading, volume faking, participating using multiple accounts, market manipulation, etc.) during the event.
Participants who violate these terms will not be eligible for referral incentives; any fraudulent or abusive behaviors will result in the immediate termination of all associated accounts.
Position Exchange reserves the right to amend the terms and conditions of the referral program at any time without prior notice.
FAQs
What is a qualified referee?
A qualified referee refers to a friend who has to confirm the referral code via your referral link or enter code at Swap page or Trade page and whose Limit or Market order in Trade or Swap is filled with a minimum value of $10. Noted that this is only applied to the Position Exchange DEX Referral campaign.
Where can I see my earned rewards history?
Your referral statistics and earned history are available for viewing on the Detail Earning board, including Welcome Bonus history and Commission history.
When can I claim my rewards?
Your POSI welcome bonus and referral commissions are calculated and recorded on the Detail Earning board in real-time. However, you can only claim your rewards at the end of the campaign, on March 30th, at 00:00 UTC+0.
Can I enter more than 1 referral code?
A single wallet address is restricted to being the referee of only one other wallet address. It is not possible to use more than one referral code.
How many friends can I invite?
There’s no limit on the number of your referees. You can simply increase your earnings by having more friends join Position Exchange. The more, the merrier!
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