NXD Referral Program
Last updated
Last updated
The LMP Referral Program will reward NXD Protocol’s early participants with a steep referral bonus. The program will utilize a simple to use referral link system which will initiate prior to the Limited Mint Phase launch. We want to keep the momentum going and set a precedent for the launch of our future projects. This Referral program rewards those who put forth their personal time and effort to reach out and engage the community.
How do you participate?
Visiting our website, which will be launched soon, users will be able to connect their wallet and create a referral link once the contracts are live. Each Ethereum address can create their unique referral link through a simple interface. Once the Limited Mint Phase has launched, users can use their referral link to mint NXD and receive a % bonus on top of their DXN amount.
The bonus % minted for each referral will be:
5% to the Referrer from each participant using its Referral Link
10% to each Referral using the Referral Link from a Referrer.
Referral Rewards:
We want to reward those who provide value to the NXD and DXN community. Utilizing a Referral Link during the Limited Mint Phase results in rewards for both the Referrer and the referred participant, the Referral. Specifically, the referrer (Referrer) will earn a 5% NXD bonus based on the amount of DXN staked by the referred participant at the prevailing minting ratio. Conversely, the referred participant (Referral) secures a 10% bonus atop their original stake, again, relative to the amount of DXN committed at the prevailing minting ratio.
You can track your accumulated NXD referral bonuses via our website, with the option to claim them once the Limited Mint Phase concludes.
Example:
On launch day of the Limited Mint Phase, User A successfully links their wallet to generate a unique referral code, engaging potential new participants within the community, particularly during vibrant discussions on Discord. By sharing his Referral Link, User A invites community members to join the minting phase. After some days within the LMP duration, User A reviews the referral dashboard on the platform and notices several successful referrals.
Contributions through User A’s Referral Link amounted to 30k DXN, distributed as follows:
Referral 1: Contributed 10k DXN at a 1:1 ratio, minting 10k NXD and received a bonus of 1k NXD (10%).
Referral 2: Contributed 10k DXN at a 1:0.75 ratio, minting 7.5k NXD and received a bonus of 750 NXD (10%).
Referral 3: Contributed 10k DXN at a 1:0.5 ratio, minting 5k NXD and received a bonus of 500 NXD (10%).
As a result, each referred participant utilizing User A’s Referral Link benefited from a 10% bonus on their minted NXD amount.
Upon concluding the Limited Mint Phase, User A is rewarded with a total of 1125 NXD, reflective of the mint ratios at which the DXN contributions were made and NXD minted by his Referrals. The breakdown of bonuses is as follows:
Referral 1: Earns User A a 5% bonus from 10k NXD, equating to a 500 NXD bonus.
Referral 2: Earns User A a 5% bonus from 7.5k NXD, equating to a 375 NXD bonus.
Referral 3: Earns User A a 5% bonus from 5k NXD, equating to a 250 NXD bonus.
Ultimately, this strategy rewards User A, the Referrer, with a comprehensive mint bonus of 1125 NXD from those who participated using his referral link, and rewards Referrals with a 10% NXD bonus atop of their minted NXD.
