Dear KickRef referral program members, along with those who are sure to join them once they see the improved structure and new rewards! Very soon, the KickRef program will become simpler, and its participants will receive almost twice the income due to the future reduction of the number of steps in the structure. Moreover, referral payments to users will still account to 50% of KickEX exchange’s income! In addition, it will become much easier to attract new traders to your referral network, as newcomers will also receive bonuses when registering through a referral link.
Information for newbies
KickRef is a multi-level referral program that doesn’t require any mandatory fees or payment from its participants. All of your referrals will earn you money while trading on KickEX exchange. Furthermore, if a user you have invited also invites their own referrals, you will receive passive income for them too, and so on up to four levels down.
Your income is therefore dependent on the people you invite and how active they are. The more there are traders that you’ve referred making trades on KickEX, the higher your referral income will be. On KickRef v2, you receive income from your referrals’ trades in the three most listed and traded currencies: BTC, ETH, and USDT, even if your referrals’ trades are executed with tokens. For example, if a user places an order in the TRX/USDT pair, you will receive a portion of the exchange commission charged for the order in the quoted currency — USDT. Accordingly, you will receive 20% of the commission paid by the trader you invited personally in USDT, 15% for the trader they invited (second level), 10% for traders on the third level in your referral structure, and 5% for the trader on the last, fourth level.
The following is a detailed description of KickRef v2, how the new referral system will work, and what will improve after the update.
What will change in KickRef v2
- KICK referral tokens will cease to exist, with Reward Points taking their place. This will eliminate the confusion between referral tokens and traded KICK tokens, it will eliminate the overabundance of gift tokens, and will increase the demand for real KICK tokens as in order to get a 25% discount on trading commissions, you’ll now have to buy KICK from the market or spend your held tokens. That’s why, if you’re currently holding onto KICK referral tokens, be sure to spend them before the referral system update, which will happen soon!
- KICK referral tokens that were purchased or given out for winning contests rather than received for free for registering users will be, in whole or partly, converted to $RP.
- Reward Points ($RP) can be obtained not just through friends that become traders, but also bought for KEX that you get as cashback on KickEX exchange. Cashback itself will be canceled and no more KEX tokens will be available.
- Like before, if you pay trading commissions in $RP, you will receive a significant reduction in the form of a 25% discount. KICK tokens can also be used if you don’t have $RP and “Pay commissions in KICK” is ticked, with the exact same 25% discount.
- The referral system now has far fewer levels: only 4 instead of 10. This is not only easier to comprehend and control, but also more profitable for you: after a year of monitoring the referral system, we discovered that only a select number of the most active referrers have users trading at level 5 or higher, and the income from these users is so insignificant that there isn’t much sense in this. For this reason, it’s much more attractive to have fewer levels, but with higher payout percentages. Thus, payouts are based on level and are as follows:
- First level: 20%;
- Second level: 15%;
- Third level: 10%;
- Fourth level: 5%.
6. The commission for withdrawing referral funds is being removed, and can now be done completely free of charge.
7. Receiving bonuses is now easier and more understandable. We have removed the complicated snake bonus system. Now you get $RP for deposits that your referrals make.
8. Soon, after updating KickRef to version 2, you will receive a staking portion from your first level referrals (those you invited personally). Every day, you will get 5% of the amount they receive as a staking bonus. Currently, the KICK, KISHU, and SAFEMOON tokens are supported. We will announce when bonuses for staking will be available within the referral system.
For traders: how does one get $RP?
When your first referral makes a deposit of $10 or more, they receive a one-time bonus of $20 in $RP, and you receive $5 for successfully referring them. You do not get one-time bonuses for their referrals.
You can always view all information on the number of your referrals, their earnings, as well as the amount of $RP you received from them on your referral dashboard.
Using KICK token instead of $RP
In the event that you don’t have $RP, but do have KICK tokens, the system will deduct trading commissions from your KICK account at the current market rate and with the same 25% discount. You can disable this feature at any time in the exchange settings, or by unchecking the “Pay commission using KICK” option.
If you have both KICK and Reward Points on your account, with the “Pay commission using KICK” option enabled, only $RP will ever be charged. Should there be insufficient funds for the entire order, the remainder of that order will be held with no discount applied.
For your convenience, if the option is unchecked and you have $RP in your account, $RP will still automatically be used.
Also note: when selling KICK tokens on KickEX exchange, discounts and bonuses for $RP and KICK are not valid
We expect to launch the KickRef update in early November 2021. The exact release dates are not yet known, but you can expect all referral KICKs, except those that were purchased or received for winning contests, to be destroyed by November 1, 2021. Make the most of them before that day.
We hope that you appreciate the new, simplified referral system, which has become considerably more profitable for you and much more attractive for the people you invite thanks to the welcoming bonus of $20 $RP, received by your referrals when registering using your link. Not only will this give you extra leverage that you can use when attracting traders to KickEX exchange, but it will also provide your referred users with a 25% discount on trading commissions.
By eliminating the bonus tokens that were mass-handed out to everyone and had become an endless discount, and introducing $RP instead, the KICK token will become truly exchangeable and demand for it will increase. All KICK tokens received as commission payments will be burned, which will not only result in their swift depreciation and deflation, but will further increase the demand for them, something that is in the best interest of every KICK holder. We also expect that the 5% staking bonus received from referrals will motivate people to develop their referral structure more actively and confidently, helping KickEX become stronger, more popular, and higher in global rankings.
We wish you fruitful trading, a growing referral structure and, of course, excellent referral income!
Sincerely yours, the Kick Ecosystem team, and its founder, Anti Danilevski.