Referrals & Affiliates
Everyone can opt-in to the Syrax refferal system, users with high monthly volume receive a higher commission than those without.
Tier-based system
Referrals have 4 tiers in total, each with their own commission percentage. Direct referrals are always tier 1 and indirect referrals are always between tier 2 and 5.
- Tier 1: 25% commission
- Tier 2: 5% commission
- Tier 3: 3% commission
- Tier 4: 2% commission
- Tier 5: 1% commission
Which brings the total amount you could earn to 36%, as mentioned above high volume users can increase this to 50%. This process is currently invite-only and you will be contacted if you meet this criteria.
Commissions
Commissions are taken from any revenue generated on Syrax from someone that you referred, both directly and indirectly.
The most common type of transaction made by users is the trading fee. A trading fee is paid when a user trades a coin on Syrax.
Rewards currently have to be paid out manually as we review our systems. We are planning on automating this system to do automatic pay-outs every day.