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Referral Program
Perp88 employs a referral program to help promote the adoption of our products. Our referral program will provide discounts to referees as well as rebates to the referrer.
The program can be separated into two parts, as following:
Please note that the two referral programs will share the same referral link, meaning each referrer only needs one referral link to join both programs.
Note:
- The discounts to the referees and the rebates to the referrer will be distributed on a weekly basis.
- Perp88 reserves the right to modify the terms and conditions of referral program at anytime in the future.
The Referral Program for Depositors apply rebates and discounts on the deposit fees for the PLP. Below, we highlight the different tiers of the program and their benefits:
💰 Benefits: 5% discount on deposit fees for PLP depositors, 5% rebates to the referrer in USDC
🔐 Requirement: No Requirement to be in Tier 1
💰 Benefits: 5% discount on deposit fees for PLP depositors, 7.5% rebates to the referrer in USDC
🔐 Requirement: Net all-time deposit value (deposit - withdrawal) of $1M from the referees
💰 Benefits: 7.5% discount on deposit fees for PLP depositors, 10% rebates to the referrer in USDC
🔐 Requirement: Net all-time deposit value (deposit - withdrawal) of $5M from the referees
The Referral Program for Traders apply rebates and discounts on the opening and closing fees for leveraged trading. Below, we highlight the different tiers of the program and their benefits:
💰 Benefits: 10% discount on trading fees for traders, 25% rebates to the referrer in USDC
🔐 Requirement: No Requirement to be in Tier 1
💰 Benefits: 10% discount on trading fees for traders, 30% rebates to the referrer in USDC
🔐 Requirement: 10 active users, combined $1M in weekly volume from the referees
💰 Benefits: 12.5% discount on trading fees for leveraged traders, 40% rebates to the referrer in USDC
🔐 Requirement: 20 active users, combined $2.5M in weekly volume from the referees
Active user is defined as a unique wallet address that has at least 1 successful trading transaction within that week.
Perp88 prides itself for offering one of the most generous referral program in the industry. When compared with other platforms in the market, Perp88's referral program emerges as the clear leader in terms of the value we give back to the program participants: referees enjoy large discounts while referrers earn significant portion of trading fee revenue generated by their referrers.
You can refer to the tables below where we compare our benefits with other platforms.
This comparison allows us to show clear advantages of Perp88's referral program against others in an apple-to-apple comparison, as most base tier of referral programs do not pose any requirements.
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In terms of discount provided to the referees, Perp88, along with Binance, offer the biggest discount at 10%. However, Binance’s 10% discount only applies for the first month after account activation while Perp88’s discount applies throughout the users’ lifetime.
In terms of rebates back to the referrers, Perp88 also comes in first place at 25%, which is tied with FTX, who offers 5% discount to referees compared to Perp88’s 10%. However, as rebates for the referrer are calculated on the trading fees generated by the referees BEFORE the discount, referrers at Perp88 can ensure that they receive the full share of their referral fees.
All in all, Perp88 provides the biggest value back to its referral program participants at 35% of trading fee revenue.
This comparison will allow us to show clear advantages of Perp88's Tier 3 of the referral program, which is the highest tier and offers the biggest benefits. The comparison can be drawn in two aspects:
- For the exchanges that offer similar benefits, how much more stringent are their requirements?
- For the exchanges with a similar requirement, how much more value does Perp88 give back to program participants versus its competitors?
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In terms of discount provided to the referees, Perp88 is the clear leader and provides the biggest discount at 12%, while Binance and GMX follow in second place at 10% discount.
In terms of rebates back to the referrers, Perp88 also comes in first place at 40%, which is tied with dYdX, FTX, Perpetual Protocol. However, when looking at the requirement to be in each exchange’s respective tier, it is clear that Perp88 places the least stringent requirement. To receive 40% on rebates from dYdX or FTX, you will need to stake at least 500K DYDX (~$680K) or 1M FTT (~$23M). While Perpetual Protocol has less stringent requirement than the other two, it still requires you to stake at least 2,000 PERP (~$1,180) and that you remain an exclusive promoter of Perpetual Protocol and not other DEXes!
All in all, Perp88 again emerges triumphant in this comparison, as it provides the biggest value back to its referral program participants at 52% of trading fee revenue!
Last modified 6mo ago