In the world of Cross-Chain, interfaces for Thorchain, Maya and ChainFlip earn a ton of affiliate revenue for giving their users a portal to swap assets on decentralized exchanges.
This is an amazing part of the Cross-Chain space as it allows teams to earn revenue and keep the lights on while they build & innovate.
With LeoDex, we use 100% of our share of affiliate revenue to buyback the LEO token. This creates economic alignment between the team and community. The more we all work to add utility to the LEO Token and grow usage of LeoDex, the more that the LEO token succeeds and we all succeed together.
We set out to design a referral program that would give a lion's share of affiliate revenue back to the users. Afterall, users are how you grow an application. Users are how you get word of mouth, feedback and new ideas to spur volume & growth.
With our referral program, we've built the first-of-its-kind. Offering autonomous rewards for sharing your referral link and getting swap volume to LeoDex. When you refer a user, you earn 1/3rd (33%) of the affiliate fee generated on each swap.
- easy to use
- 0 cost to create a referral ID
- lion's share of affiliate fees back to users
The affiliate fee for LeoDex swaps is 0.45%. When you refer-a-friend, you will get 0.15% of that affiliate fee and the other 0.30% will go to LeoDex's autonomous buybacks of the LEO token.
How it Works
How it works is simple - you create a unique referral ID. That referral ID is then utilized when you refer a user.
When you refer a user and they make their first swap, their public address is now shown as a referral to your unique ID on LeoDex's Referral Dashboard.
Once tied, that referral's affiliate fees are permanently tied to your Referral ID. Which means that anytime they come back to LeoDex to swap in the future, you also get credit for those swaps and earn your 1/3rd share of LeoDex's affiliate fees (even if they don't return using your link / ref ID).
Where Are Affiliate Fees Pooled Before Distribution?
The system we created splits our affiliate fee to two separate addresses when a user swaps using a referral link:
- The main LeoDex affiliate address - "leo"
- A new LeoDex Referral-specific affiliate address - "lref"
0.30% gets sent to "leo" and 0.15% gets sent to "lref" on referred swaps. The Referral portion of the affiliate fee is pooled in the lref address until the next distribution.
How Often Are Payouts?
Payouts happen on the 1st and 15th of every single month. They are fully autonomous.
You can see the next payout date on your Referral Dashboard.
What Do I Earn?
Affiliate fees are paid to referrals in like-kind - which means that what you earn depends on what your referral swapped:
- For Thorchain Swaps, you earn RUNE
- For Maya Protocol Swaps, you earn CACAO
- For ChainFlip Swaps, you earn USDC
The beauty is that you only have 1 unique Referral ID. So you refer in swappers and it doesn't matter if they do 3 swaps on ChainFlip and then 4 swaps on Thorchain and 1 swap on Maya... you'll earn your referral fees in the 3 different cryptos that get paid based on those referrals.
How to Create a Referral ID
To create a referral ID, simply connect your wallet to https://leodex.io and then click on the Referrals tab or head directly to https://leodex.io/referrals.
You'll be prompted to create a unique referral ID.
Tip: Referral IDs are a unique code. Once someone else creates a referral ID, you cannot make the same ID. For this reason, we recommend claiming your referral ID sooner than later!
How to Share a Referral ID
share your referral link and it will automatically populate the Ref ID field | or manually enter your ref ID
Two ways to share your ref ID:
- Link - available in your dashboard or by editing the ref ID at the end of this link https://leodex.io/?ref=bank
- Ref Code - a user can hit "options" when inputting a swap and manually enter your ref code - think of this like a "Creator ID" used on other platforms to designate who referred you
Questions, Comments or Feedback?
Drop any questions, comments or feedback you have in the comments below and the team will reply.
This is a whole new way for LEO stakeholders, cross-chain swappers and Hivers to earn rewards in the crypto space. Now you can earn a real share of real revenue generated from swaps. It's similar to what CEXes offer - we sourced a lot of inspiration from both CEXes as well as Amazon's Affiliate program - but it is powered by Decentralized Exchanges and real-world swaps.
For every $1M in swap volume you refer, you earn $1,500 in commission. It's a new age of earning and it takes less than 60 seconds to connect your wallet, create a referral ID and start sharing it to your crypto friends and on social media channels.
While $1M may sound like a lot, consider that billions of dollars are traded in the crypto space each and every day. Consider that when a user clicks your referral link, their swap volume is part of your referral reward in perpetuity. So refer in 100 users and the lifetime future volume of those users becomes your referral rewards.