MarginX runs on a utility NFT system, where each NFT is tied to a wallet address, and determines each wallet’s voting rights, trading rebates and referral fees. 

This opens up the avenue to build a sense of community, and offers users an additional and perpetual source of yield.

Currently, we have launched the Elementals species, which consists of 5 gemstones representing 5 alliances: Citrine, Emerald, Onyx, Topaz and Sapphire.

The MarginX Referral Programme is where you earn rewards simply by referring your friends. As a market affiliate, you refer new users onto the platform and your referral rank is used to determine the percentage of your trading rebates, referral commissions, and votes you can cast for a governance proposal.

New referred users on MarginX will receive a Starter-ranked NFT, which entitles the user to a 5% rebate on transaction fees, and a 5% commission from the transaction fees of their referees. 

So, the more friends you refer to MarginX, and the more they trade, the more commissions you earn.

Let’s take a look at an example:

Let’s say you refer Annie, and she makes a transaction of 1,000 USDT.

• Transaction Fees

Her transaction fees are calculated by taking 0.04% of her total transacted value.

• Commission

Calculation – 0.04% x $1000 USDT gives you 0.4 USDT.

You will earn 5% of the 0.4 USDT which gives you 0.02 USDT.

And that is based on 1 trade per day only. 

• Scalable 

If Annie makes 10 trades per day, the total commission per day is $0.02 x 10 trades, which gives you $0.2 USDT.

Multiply that by 365 days a year – $0.2 x 365, you get $73 per year.

This scales as Annie trades more, and as you refer more friends to MarginX using your referral link by basically sitting back and relaxing.

Follow these steps to generate your personal referral link.

1. Head to https://trade.marginx.io
2. Connect your wallet
3. Once connected, roll your cursor over your wallet address at the top right hand corner to access a drop-down list
4. Click on “Get Referral Link”
5. Input your email address in the pop-up
6. Click “Submit”
7. Copy and share your personal referral link!

For more details, please refer to our full walkthrough video as well as our step-by-step guide.

New users are not given an NFT at the beginning. 

However, any new user who joins via a referral link will receive a Starter-ranked NFT that entitles them to a 5% rebate on all transaction fees and another 5% commission from the transaction fees of all of their referees.

In addition, MarginX holds regular contests and trading competitions with different tiered NFTs as rewards, so be sure to keep a lookout.

An upgrade in rank means an upgrade in commission amount and benefits.

For example, a Common rank would entitle you to 20% of commissions, a Rare, 30%, and more. This potentially allows you to increase your earnings exponentially, and in a sustainable manner.

You may refer to the NFT rank table for more information.

Competitions

Participating in competitions with different tiered NFTs as rewards puts you in a better position to win an upgraded NFT.

Referral Volume

As your referral volume grows, you’ll have a chance of upgrading the rank of your NFT to Common, Rare and so on.

Users can own more than 1 NFT but only the highest-ranked NFT in the wallet will be recognized.

You can find your NFTs in your f(x)Wallet. Look for the NFT Tab under the MarginX Section.

No. All your rewards are tied to your NFT and tracked on the blockchain so we don’t miss a single transaction, and you basically get to reap the rewards, forever.