Referral Cashback
Each unique referral receives a cash kickback, which is calculated as follows:
Vault Purchase Price x One-Time Incentive Factor
Example Calculation:
If the incentive factor is 10%, and User A refers User B, who purchases a Vault at $1000, then User A receives:
$1000 x 10% = $100 as a one-time reward per referral
Incentive Factor of Vaults referred:
Up to 20 Vaults: The factor is 5%.
21 to 40 Vaults: The factor is 6%.
41 to 60 Vaults: The factor is 7%.
61 to 80 Vaults: The factor is 8%.
81 to 100 Vaults: The factor is 9%.
More than 100 Vaults: The factor is 10%.
The cashback calculation and distribution is automatically wrapped up via smart contracts.
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