How does the referral program work?
By joining our referral program you will start to earn 24% on trading fees paid by the users you invite, with no maximum trading volume limit. The program is a great way to earn additional revenue as well as contribute to the growth of the Ethfinex community.
To register as an affiliate, visit your account settings and look for 'Affiliation' in the drop down menu; alternatively, you can go straight to the ethfinex affiliates page. Once here, click 'Join' to start the process:
- Go to Ethfinex Referral Program page
- Generate and find your unique referral link and code
- Share your referral link via email, social media, forums, crypto media, and blogs
- Invite your network to join Ethfinex
- Earn from 24% of new member’s trading commission in Nectar tokens in real time
- Hold on your Nectar tokens or convert them to BTC, ETH or USD
The fees you earn on each new user you invite start at 24% and reduce linearly each month by 2%.
How can I invite friends on Ethfinex
You can invite your friends from your Ethfinex referral page www.ethfinex.com/representatives.
Please generate your referral link and then invite your network via email or other channels.
How can I create my link?
From your Ethfinex referral page, you can generate your unique referral link by clicking on the button ‘Generate Link’.
Your new unique link and code will appear in your affiliate section.
How many users joined via my link?
You can see the number of registrations made via your link on your Affiliates table, as well as the associated usernames.
The turnover column displays the total you have earned in NEC from those referred users in real time.
How can I withdraw my funds?
You can withdraw your referral earnings funds as soon as you reach the minimum withdrawal amount, for more information please consult the following section: making a withdrawal.
Where will the Nectar tokens I receive come from?
Fees generated on Ethfinex from trading can be paid in any currency. These other currencies are converted on the secondary market into Nectar tokens and are then paid out to you as referral fees.
For example if one of your affiliates pays 1,000 USD equivalent in fees, 240 USD equivalent of these are used to buy NEC on the market and these tokens are then credited into your account.
How can I succeed in the referral program?
Inviting traders within your personal network and raising awareness about the features and roadmap for Ethfinex is the best way to maximize your earnings.
In addition, producing marketing materials and content can also improve your success rates, for example price widgets using the APIs would fit a crypto blog very well. Get creative and let us know if we can provide more tools that would help you to be more successful!
How do I find my referral link?
You can go to your account/referral page and click on “Generate Link” to create your personal referral link. Anyone following the link which contains your personal code will be counted as your referral.
How can I view my referral earnings?
You can follow the numbers of registrations you have generated with your referral link on the representatives page.
In addition, the column Referral Bonus shows your turnover in Nectar token earned from the executed trading orders of your network. This is an exclusive offer, Ethfinex reserves the right to change the terms and conditions of the referral program at any time without prior notice and for any reason it finds necessary.
Why are my referral earnings not showing up?
This can happen if the user you have invited has either not executed any minimum order on Ethfinex, or has not used your referral link. The referral bonuses are only paid if the user you invited starts to trade or lend out funds. By participating in the referral program you acknowledge that receiving pay-outs is not guaranteed by Ethfinex and the terms of the program may change in the future.
Are trades made via the Ethfinex API valid for referral bonuses?
Any trades made via the Ethfinex API are included in exactly the same way as orders made via the UI and revenue coming from orders executed through the API are therefore shared at the same rates.
What is the Nectar token (NEC)?
The referral bonus is paid in Nectar, our loyalty token designed to share revenue with our loyal customers. The Nectar token is an Ethereum ERC20 token.
This means that it is possible to view the tokens and transfer them to and from any Ethereum based wallet or application that has support for ERC20. The Nectar token is traded daily on Ethfinex.com.
Who can earn Nectar tokens?
Any verified user who has registered for the Nectar loyalty programme can earn Nectar tokens for acting as a market maker on Ethfinex. Users registering must meet certain conditions before they are accepted, including verifying that they are not US citizens as defined by our terms and conditions. Please refer to this guide to get set up. For more information on trading, visit our Trading page on Ethfinex support center.
What is the total & circulating supply of Nectar?
The current circulating supply of Nectar is 515,568,067.98 NEC. Out of an initial 1 billion tokens, 50% is locked up in a 3 of 6 multi-signature wallet and held here. 30% of the initial supply is reserved for Ethfinex to be used if needed for operational activities or further incentives, whilst the remaining 20% is reserved to be potentially used to attract and on-board future development partners who will help us to improve and act upon our vision.
The remaining 50% of the initial supply was distributed to the team and early investors. This circulating supply grows slightly every 30 days, with new tokens being created based on the maker trading volume which occurred during that period.
Can I buy/sell Nectar tokens?
Nectar tokens are available for trading on an open market, in a similar manner to all other ERC20 tokens trading on Ethfinex. Nectar (NEC) tokens were made available for trading on February 14th 2018, paired with USD, ETH & BTC. For more information on how to buy and sell Nectar, please refer to our trading guide.
Who can earn Nectar tokens?
Any verified user who has registered for the Nectar loyalty program can earn Nectar tokens for acting as a market maker on Ethfinex. Users registering must meet certain conditions before they are accepted, including verifying that they are not US citizens as defined by our terms and conditions. Please refer to this guide to get set up.
Can US individuals or companies earn Nectar tokens?
US individuals or companies are unfortunately not able to use Ethfinex in any way, including earning or trading Nectar (NEC). You will be required to verify your account before being able to access Nectar token markets or earn Nectar tokens through trading and referral.
What is the Market Maker Loyalty Program?
As well as through the referral program, you can also earn Nectar tokens by trading on Ethfinex as a market maker. Based on your trading volume, new Nectar tokens are credited to anyone who adds liquidity to the order books every 30-days.
50% of trading fees on Ethfinex are contributed into a pool for Nectar token holders.
Once here, click Register to start the Nectar registration process. Prior to starting the registration process, you will be required to read through and accept the Terms & Conditions.
Upon registering, you will be rewarded with new Nectar tokens every 30 days in proportion to all trading volume conducted throughout each period by your friends.