Refer to Earn
Last updated
Last updated
At MEMECAST, we are excited to unveil our Season 1 Referral Tier System, designed to reward you for bringing new users to our platform. The system is structured into multiple tiers, calculated on a tiered accumulative basis over a 7-day referral volume.
As shown in the diagram, MEMECAST has a total of 5 referral tiers, each corresponding to different referral volumes and the respective reward ratios (generated from the fees of the referred users' participation in predictions).
The MIN represents the minimum referral volume over seven days that qualifies for a specific reward tier.
The MAX represents the maximum referral volume over seven days that qualifies for a specific reward tier (excluding the maximum value).
Rewards are automatically updated based on the referral volume from every 7-day cycle, ensuring you receive the latest benefits from your referrals.
If you refer $25,000 in the current 7-day cycle, your rewards at the end of the cycle will be calculated based on the closing day's SOL price as follows:
$5000 * Fees * 5%, plus
($15,000 - $5,000) * Fees * 7.5%, plus
($25,000 - $15,000) * Fees * 10%
And the referred user benefits from 5% discounted fees over time.