Table of Contents
We’re excited to announce a major upgrade to our referral program, designed to provide you with even more opportunities to earn rewards. With the revamped referral rules, you can earn up to 50% of the trading fees your friends pay as a reward. We believe this upgrade will greatly enhance your earning potential and empower you to be your own boss!
Conditions for Eligibility
To be eligible for referral rewards, you must meet two conditions. First, you need to have traded a minimum of INR 10,000 (any crypto) in the last 30 days on WazirX. This ensures that you are an active user of our platform. Second, you will need to hold (HODL) WRX, our native token, to earn higher rewards. The quantity of WRX you hold will determine your referral reward percentage.
Referral Reward Calculation
Your referral reward percentage will be calculated based on the quantity of WRX held by you. Here’s a breakdown of the referral rewards rate based on the WRX holdings:
|WRX Holding||Referral Rewards Rate|
|0 – 500 WRX||0%|
|500 – 10,000 WRX||15%|
|10,000 – 50,000 WRX||25%|
|> 50,000 WRX||50%|
The more WRX you hold, the higher your reward rate, giving you an incentive to accumulate more!
So, why did we make this upgrade? Let’s delve into the rationale behind it:
At WazirX, we value the active participation of our users and aim to reward them accordingly. By enhancing the referral reward potential to up to 50% of your friend’s trading fees, we want to empower you to earn more from your referrals. We understand that your network and connections are valuable, and this upgrade ensures that you can maximize your earnings through our referral program.
Incentivizing WRX Holdings
By aligning the reward percentage with your WRX holdings, we aim to create a symbiotic relationship where you benefit from the growth and value of WRX. This incentivizes our users to accumulate more WRX, further strengthening the community.
Timely Reward Distribution
We recognize that prompt reward distribution is essential for an optimal user experience. With the upgraded referral program, any rewards you earn will be credited to your account within the next 24 hours after they are earned. This ensures that you can enjoy the benefits of your referrals without unnecessary delays.
Consistent Reward Currency
Simplifying the reward system, we have standardized the rewards to be credited in WRX, regardless of the currency or token used for paying the trading fees by your referrals. This streamlined approach ensures a seamless experience and eliminates any confusion regarding reward currency.
Enhanced Referral Tracking
We want to make it as easy as possible for you to track your referrals and their progress. With the revamped referral program, when a friend signs up via your referral link, their email ID will be added to your “Referred friends” tab. This transparent system allows you to monitor activity and ensures you receive rewards as soon as your referral completes their KYC verification and starts trading.
We encourage you to take advantage of this referral program upgrade to maximize your earnings and enjoy the benefits of being a part of our growing community. Don’t miss out on this opportunity to earn more with WRX and be your own boss!
Frequently Asked Questions
How much can I earn in this referral program?
You can earn unlimited rewards! Every time your referral trades, you get up to 50% of their trading fees as a reward in WRX. The more your friend trades, the more you earn. However, there are conditions based on which the referral reward is calculated.
What are the conditions that need to be considered to be eligible for the referral rewards?
You must trade a minimum of INR 10,000 (any crypto) in the last 30 days to be eligible to earn referral rewards. Furthermore, you will have to HODL WRX to earn more and more rewards. Your referral reward percentage will be calculated based on the quantity of WRX you hold. Please note that both these conditions are mandatory to be eligible to earn referral rewards.
When will the referral rewards be credited to my account?
Rewards earned for a day are credited to your account within the next 24 hours.
We’re excited to have you on board for this upgraded referral program. Start referring your friends today and maximize your earnings with WRX!
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
Disclaimer: We run the referral program with good faith, WazirX reserves the right to make any changes to it without prior notice. We may modify the program in response to changing market conditions, security risks, or potential fraud. The decision on reward eligibility will be made by WazirX and is final and binding. By participating in the referral program, you acknowledge and accept the above terms. In case you suspect any fraudulent activity in the referral program, please contact us directly. We’ll investigate it promptly and take the necessary steps to rectify it. If we find any discrepancies, we will disqualify the associated accounts from the referral program and retract any rewards credited earlier.