ElagabalX Referral Program
Overview
The ElagabalX Referral Program allows you to earn additional rewards by inviting other users to join our project. As your referrals stake and participate in the SOL INVICTUS program, you gain a percentage of their points, amplifying your own staking benefits. Our referral program implements a multi-level reward system with diminishing returns based on referral depth. This design encourages genuine referrals while preventing system abuse through excessive chain referrals.
Reward Structure
Level 1 (Direct Referrals): 20% bonus
Level 2 (Indirect Referrals): 5% bonus
Level 3 and beyond: 0% bonus
How the Referral System Works
Participating in the referral program is straightforward, easy and rewarding! Follow guideline steps below to start earning through referrals!
Quick Steps:
Access the App: Log in to the Magistratus dApp.
Qualify for SOL INVICTUS: Complete any of the qualifying activities for SOL INVICTUS participation.
Earn Staking Points: Once you begin earning points from staking, the ADD REFERRAL button will be activated.
Generate Your Referral Link: Click on the ADD REFERRAL button to create your unique referral link.
Share Your Link: Send the referral link to the person you wish to invite.
Referral Joins: Your referral clicks the link, signs the transaction, and completes a qualifying activity for SOL INVICTUS.
Earn Rewards: 20% of the points your referral earns are credited to your account.
PROFIT!: Enjoy the additional rewards from your referrals and watch your points grow!
Example Scenario
You invite Alex: Alex stakes and earns 100 points. You receive 20% of Alex's points, which is 20 points.
Alex invites Jamie and Alice: Jamie and Alice stake and earn 100 points each. Alex gets 40 points (20% from each stake), and you, as the original referrer, receive 10 points (5% from Jamie and Alice's points).
Alice invites Bob: Bob stakes and earns 100 points. Alice receives 20 points (20% of Bob's stake), Alex gets 5 points (5%), and you get 0 points since it's a third-level referral.
In total, You will receive 30 points.
Benefits of the Referral Program
Increased Rewards: The more active your referrals are, the more points you accumulate.
Multi-Level Earnings: Gain rewards not just from your direct referrals but also from their network.
Encourage Community Growth: Strengthen the ElagabalX ecosystem by inviting new participants. Let’s build our community together!
Important Considerations and Consequences
While the referral system offers substantial rewards, it’s essential to participate ethically. Any attempts to abuse the system may result in disqualification from the program. We encourage users to build their networks organically and in compliance with ElagabalX guidelines.
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