🤝Referrals

For the benefit for both referrers and referees

stVol is introducing Referral Points Scheme to boost product engagement by rewarding early users who helped spread the word. We are fully focused on sharing extra value accrued from user efforts. With Referral Points Scheme, stVol OGs now have an incentive tracking mechanism that tracks their contribution as an unsung ambassador.

stVol rewards both referrers and referees, the most important aspect of stVol Referral Points Scheme.

In most projects, rewards for referrers (the inviter) are straightforward while rewards for referrees (the invited) are not as strong. Hence the incentive for referees (the invited) to use someone else's referral link to join a project is limited.

Gated participation is a way to tackle this problem, but we want stVol to remain a public experience. Instead, we are giving equal points to referrees as well as referrers.

On top of this, stVol will give bonus points to "active referrals" if the referree achieves a minimum trade volume of $1,000. Both referrers and referrees get bonus points from active referrals.

Sharing 4 major glossaries of stVol Referral Points Scheme for the stVol community:

(1) My Referrals

• # of users that have registered your referral code + Make at least 1 trade on stVol

(2) Referral Trading Pts

• 10% of the total trading points earned by your Referees

(3) My Trading Pts Boost

• Register a referral code, and you gain a 10% boost on your trading points (=better to be referred by your friend to onboard!)

(4) Referral Bonus Pts

• If someone registers your code, and that person trades the first $1,000:

  • That person earns 10,000 points

  • You earn 5,000 points

Spread the word easily by clicking "Copy Referral Link." This opens a pop-up to let you directly tweet your link or copy link to share elsewhere.

Please note that the referral program is subject to change over time, particularly with the announcement of Tokenomics.