# Futures Referral for Referrer

A referrer is defined as one who refers or recommends eligible friends to the BUSD-M Futures trading.

## How do I join Futures as a referrer?

**Step 1:** Navigate to [Position Exchange Futures Referral.](https://position.exchange/futures/referral)

**Step 2:** Connect your wallet and get a referral link/ code

* Click connect wallet to start generating your referral link/ code in the Referral section.
* Choose one of the Network and Wallet options as displayed below.\
  Check our guidelines on how to [create a wallet](https://docs.position.exchange/products/trading-protocol/beginners-guide/connect-your-wallet) and [connect your wallet here](https://docs.position.exchange/products/trading-protocol/beginners-guide/connect-your-wallet).

**Step 3:** Invite your friends by link or code.

* Your referral link/ code is automatically generated. Click “Invite” 

{% hint style="info" %}
Each user has only one referral link/code. Each link/ code is unique and cannot be modified.
{% endhint %}

* You can now share your referral link/ code on your social media channels or generate a QR code.

**Step 4:** Earn commission

* Click “Claim” to collect your referral commissions from your referee’s positions. 

{% hint style="info" %}
The referral commission is paid in BUSD, not BUSD Bonus.
{% endhint %}

* Review your referral commissions and referral history in the Commission Statistic section.

## Commission details 

* After the referees sign to confirm your referral relationship, every time the referee places a Limit or Market order on Position Exchange Futures successfully (which means the order is filled), you will receive the corresponding commission.

{% hint style="info" %}
If the referee opens a position with BUSD Bonus, the referrer will not receive the commission.
{% endhint %}

* The Referral section will provide you with an easy look and access to the details of your referral commissions and referral history. Scroll to review your referral statistics and earned history. 
* The commission amount depends on the notional value of your referee’s position.
* The referral commission rate based on each referee's transaction is specified as follows: 

<table><thead><tr><th width="455" align="center">Referees’ notional value per transaction</th><th align="center">Commission received by referrers </th></tr></thead><tbody><tr><td align="center">10 BUSD &#x3C;Notional Value&#x3C;= 100 BUSD</td><td align="center">0.0005 BUSD</td></tr><tr><td align="center">100 BUSD &#x3C;Notional Value&#x3C;= 1.000 BUSD</td><td align="center">0.01 BUSD</td></tr><tr><td align="center">1.000 BUSD &#x3C;Notional Value&#x3C;= 3.000 BUSD</td><td align="center">0.1 BUSD</td></tr><tr><td align="center">3.000 BUSD &#x3C;Notional Value&#x3C;= 5.000 BUSD</td><td align="center">0.3 BUSD</td></tr><tr><td align="center">5.000 BUSD &#x3C;Notional Value&#x3C;= 10.000 BUSD</td><td align="center">0.5 BUSD</td></tr><tr><td align="center">10.000 BUSD &#x3C;Notional Value&#x3C;= 50.000 BUSD</td><td align="center">1 BUSD</td></tr><tr><td align="center">50.000 BUSD &#x3C;Notional Value&#x3C;= 200.000 BUSD</td><td align="center">15 BUSD</td></tr><tr><td align="center">200.000 BUSD &#x3C;Notional Value&#x3C;= 500.000 BUSD</td><td align="center">60 BUSD</td></tr><tr><td align="center">500.000 BUSD &#x3C;Notional Value&#x3C;= 1.000.000 BUSD</td><td align="center">150 BUSD</td></tr><tr><td align="center">1.000.000 BUSD &#x3C;Notional Value&#x3C;= 10.000.000 BUSD</td><td align="center">500 BUSD</td></tr><tr><td align="center">10.000.000 BUSD &#x3C;Notional Value&#x3C;= 100.000.000 BUSD</td><td align="center">1500 BUSD</td></tr></tbody></table>

{% hint style="info" %}

* The notional value measures the value of the assets controlled by a derivatives contract.
* Notional value = initial margin \* leverage.
* For example, when the referee places a Limit or Market order on Position Exchange Futures with a notional value of 2000 BUSD (20 BUSD Initial Margin x 100 Leverage) successfully (which means the order is filled), you will receive the corresponding 0.1 BUSD as shown in the table above.
  {% endhint %}

## Terms and conditions

* The referrer must have at least 10 BUSD of commission to be able to claim to the wallet.&#x20;
* You can see your referees only once they connect their wallets and sign to confirm your referral relationship.
* There is no limit on the number of friends a single account can invite.
* Position Exchange reserves the right to change the commission rate at any time without prior notice.&#x20;

## Extra rewards

Seize the opportunity to earn additional rewards with our promotion program.&#x20;

You will receive a **10 BUSD Bonus** for the first time your referee opens a position with a required volume and holds the position for 30 minutes.

The required volume differs for each trading pair:&#x20;

* 2,000 BUSD for BTCBUSD
* 1,000 BUSD for ETHBUSD
* 500 BUSD for other pairs

Those transactions must be maintained by your referee for not less than 30 minutes. During this period, the value of the position must be equal to or greater than the required volume, as mentioned above. In case, you do not maintain the rule, the transaction will not be counted as valid.

{% hint style="info" %}
Using BUSD Bonus to open positions is not counted as valid in this program
{% endhint %}

Learn more about [BUSD bonus](/products/trading-protocol/futures-referral/futures-referral-for-referee.md#what-is-busd-bonus).

Position Exchange reserves the right to amend the duration together with the terms and conditions of the program at any time without prior notice.

####

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