Key program features:
- Must accept terms to generate Affiliate Link
- 10% discount for referred users in first 30-days
- 10% payout for affiliates for net fee of entire execution
- No time limit on revenue share: lifetime payouts
Crypto Facilities utilises an open affiliate program to reward clients who are bringing new clients into the platform: you will share lifetime payouts of all referred users' who are part of an trade on the platform.
In order to help create an incentive for users to sign up under an affiliate's link, they will earn a 10% discount for the first 30-days of trading.
Additionally, affiliates will earn 10% of the combined net fee for the execution. This means that regardless of what the individual user they referred to has been paid (or been given in a rebate), they share in the total execution fee (net of discounts applied).
This revenue sharing incentive lasts for an indefinite amount of time, there is no time limit where payouts stop.
Alice just signed up and deposited and creates a passive sell order of 100,000 at 6400 USD in the order book.
Bob also just signed up and he wants to go long and crosses the spread as 100,000 Contracts on XBTUSD at 6400.
Each trader has 100,000 "filled" on each side, and together that forms 100,000 contracts of execution volume. (by definition, volume traded of X has X maker side and X taker side traded).
The value of this execution is 15.625 XBT.
Assume that the taker fee is 0.05% and the maker fee is a -0.03% rebate.
The gross fee for the execution is 0.02%, or 0.003125 XBT.
Assume also that Bob was referred by John under the affiliate program, and she will receive a 10% discount on the execution. Instead of paying 0.0078125 XBT she pays 0.00703125 XBT, a savings of 0.00078125 XBT.
The net fee for the execution is 0.015% or 0.00234375 XBT.
John then receives 10% of this net fee as an affiliate payout: 0.00234375 XBT credited in realtime.
Now assume that Bob was referred by Max, and he is in the first 30 day period where he can get a fee discount.
Bob received a 0.0046875 XBT rebate on the execution, so he did not pay any fees. As a result, Bob does not get any discount.
However, Max does receive 10% on the net fee for the execution because he referred a user who was active. Thus, Max gets also 0.00234375 XBT for referring a user who is trading, even though the user he referred did not directly pay any fees.