Comment on page
Referral Bonus
With Swych Staking, investors can get a small bonus of tokens anytime they refer users to the platform. These bonuses are good for phase one and can be claimed anytime. Referring not only gives you a bonus but helps you share with the crypto world the benefits of Swych!
With referrals on Swych staking, there are three levels of bonus:
Level | Definition | Bonus % |
|---|---|---|
Referral Tier 1 | Direct referral to a new user utilizing Swych Staking. | 40% |
Referral Tier 2 | A user you referred to Swych Staking has referred a new user to Swych Staking. | 20% |
Referral Tier 3 | A user whom your referral referred to Swych Staking has referred a new user to Swych Staking. | 10% |
This allows the initial referral user to get bonus tokens from 3 levels of referral depth. Of course, a direct referral, or Level 1, will get you a larger referral bonus than a Level 3 referral. There is also no limit to the number of referral bonuses you can get!
Rewards are based on how many tokens your referral stakes and their daily staking bonus.
Level 1 Example:
- Bob stakes 1000 Swych and earns 10 Swych a day from it.
- Bob refers Alice to Alice stakes 500 Swych and earns 5 Swych daily.
Since Bob referred Alice, he should get 40% of what Alice earns daily as a bonus (2 Swych a day).
Level 2 Example:
- Alice refers Charlie, who stakes 500 Swych and earns 5 Swych daily.
Since Bob referred Alice, who referred Charlie, Bob should get 20% of what Charlie earns daily as a bonus (1 Swych a day). And Alice should get 40% of Charlie (for her, it’s level 1)
Level 3 Example:
- Charlie refers John, who stakes 1000 Swych and earns 10 Swych daily.
Since Bob referred Alice, who referred Charlie, who referred John, Bob should get 10% of what John earns daily as a bonus (1 Swych a day). Alice should get 20% of John, and Charlie will get 40% from John.
A referral bonus will only be given to new users who are staking. For example, if you refer a user who has already staked tokens at any point in their wallet history, you will not get a bonus from them.
To get your referral bonus, you must claim" them by clicking the "claim" button on the Swych DAPP. Within the same claim area, you can see your current total earnings and the number of users you have referred to the staking platform.
Referral rewards do not decrease or expire if you do not claim them. Referral rewards can also be withdrawn with no exit fee or tax.
Referrals are an exciting way to continue earning and sharing throughout the Swych ecosystem. Check out the Referral FAQif you have more questions on how the feature works.
Last modified 8mo ago