Loopring.io is launching its referral program today. Inviting friends to the exchange gives you up to 60% of their trading fees, and your friend receives up to 20% of their trading fee back. It’s as easy as getting your referral link, inviting friends, earning crypto.
Spreading the love of Loopring Exchange — the first zkRollup DEX on Ethereum — has just become a profitable endeavour for the inviter and the invitee.
The inviter (referrer) and the invitee (friend) share the trading fees of the friend as follows:
- If the referrer’s daily average LRC account balance is 5,000 LRC or more, they receive 60% of their friend’s trading fee, and their friend receives 20%.
- If the referrer’s daily average LRC account balance is less than 5,000 LRC, they receive 30% of their friend’s trading fee, and their friend receives 10%.
Note, the referrer’s and friend’s rewards are additive, so in the first case above, they take a combined 80% of the friend’s trading fee.
- On Loopring Exchange, generate your referral link from the right-side menu.
2. Invite friends to register on the exchange through your referral link, and when a friend completes a trade, you (and they) receive part of their trading fees. (Note: there is no KYC, ‘register’ just requires an Ethereum address).
3. Rewards are calculated daily, in the currency the trading fee was paid in.
For a look at the trading fees you will be earning your share of, see here.
- There is no limit to the number of invited friends per referrer;
- The rewards last for 3 months from time of invite. That is, whenever you invite a friend, you receive your part of their trading fees (and they receive their part) for 3 months from that point;
- Invitees can use the dedicated referral link to register or directly enter the referrer’s ID;
- Rewards are calculated and attributed daily at 11 AM UTC. Users see their reward balances accrue daily. Rewards are deposited to the user’s Exchange account each month. (Monthly rewards with a total value of $5 USD are deposited to your account; less than $5 USD value will be rolled over to the next month);
- If the referrer’s LRC position is initially 5,000 LRC or more, but subsequently goes lower, their reward rate will be reduced from 60% to 30%. However, the reward rate of the friend they invited will be ‘protected’, and the friend’s rate will remain unchanged, at 20%.
Loopring reserves the right to make adjustments to the program at any time due to extenuating circumstances, such as the existence of fraudulent activity, or other factors.
Thanks, happy trading and referring! If you have any questions, please join our Discord and ask away.
Loopring is a protocol for building high-performance, non-custodial, orderbook exchanges on Ethereum using zkRollup. You can sign up for our Monthly Update, learn more at Loopring.org, or check out a live exchange at Loopring.io.