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Gains Network

gTrade’s Referral Program Launch

Another Avenue for Shared Revenue!

  1. Stake $GNS → get rewarded in $DAI
  2. Provide liquidity in the GNS/DAI Pool → get rewarded in $GNS
  3. Hold a Gains NFT and run a bot that executes limit orders and liquidations on gTrade → get rewarded in $GNS
  4. Be part of the referral program → get rewarded in $GNS (happening now!)
  1. Inclusivity — You don’t need to be a dev, liquidity provider, or pro-trader to benefit from being part of the gTrade community. We want to share earning potential with as many user types as possible.

Rewards per asset class

Understanding gTrade Referral Fees requires you to understand the (i) maximum leverage per asset class and (ii) the fees for opening a trade per each asset class. Unlike crypto and forex, stocks are divided into 3 tiers based on volatility, each with their respective open trade fee.

Open Trade Fee Per Asset Class (With Max Leverage)

  1. Stocks Tier 1 Open Trade Fee ➔ 0.12% (100x max lev)
  2. Stocks Tier 2 Open Trade Fee ➔ 0.2% (50x max lev)
  3. Stocks Tier 3 Open Trade Fee ➔ 0.32% (30x max lev)
  4. Crypto Open Trade Fee ➔ 0.08% (150x max lev)
  5. Forex Open Trade Fee ➔ 0.008% (1000x max lev)

Where does the yield come from?

Every bit of revenue we share with our users on gTrade is Real Yield, and the referral fees are no exception. Just like the GNS/DAI LP rewards and the NFT bot rewards, the referral fees are paid in minted $GNS Tokens, while the equivalent amount of DAI goes into the vault to support its collateralization in a capital-efficient manner.

Stocks Tier 1 Open Trade Fee (0.12%)

  • Project Fund (0.05%)
  • Dev Fund (0.05%)
  • If referral link used: 0.025% ➔ 0.033% is given to the referrer (taken equally from project fund and dev fund rewards).
  • Limit orders / Market orders: NFT Bots / Single Sided Staking (0.02%)

Stocks Tier 2 Open Trade Fee (0.2%)

  • Project Fund (0.09%)
  • Dev Fund (0.09%)
  • If referral link used: 0.044% 0.059% is given to the referrer (taken equally from project fund and dev fund rewards).
  • Limit orders / Market orders: NFT Bots / Single Sided Staking (0.02%)

Stocks Tier 3 Open Trade Fee (0.32%)

  • Project Fund (0.15%)
  • Dev Fund (0.15%)
  • If referral link used: 0.074% ➔ 0.099% is given to the referrer (taken equally from project fund and dev fund rewards).
  • Limit orders / Market orders: NFT Bots / Single Sided Staking (0.02%)

Crypto Open Trade Fee (0.08%)

  • Project Fund (0.03%)
  • Dev Fund (0.03%)
  • If referral link used: 0.015% ➔ 0.02% is given to the referrer (taken equally from project fund and dev fund rewards).
  • Limit orders / Market orders: NFT Bots / Single Sided Staking (0.02%)

Forex Open Trade Fee (0.008%)

  • Project Fund (0.003%)
  • Dev Fund (0.003%)
  • If referral link used: 0.0015% ➔ 0.002% is given to the referrer (taken equally from project fund and dev fund rewards).
  • Limit orders / Market orders: NFT Bots / Single Sided Staking (0.002%)

Why do Referral Rewards have a range?

The Rewards for every new referral link start at the low range (the number on the left) and increase as the total opening volume referred reaches $10M. After the first $10M, the Rewards are capped at the higher end of the range forever (the number on the right).

Reward Increase from 0 → $10M in volume:

  • Stocks Tier 1–0.025% ➔ 0.033%
  • Stocks Tier 2–0.044% ➔ 0.059%
  • Stocks Tier 3–0.074% ➔ 0.099%
  • Crypto — 0.015% ➔ 0.02%
  • Forex — 0.0015% ➔ 0.002%
  • Every succeeding $10M in volume onwards earns $2,000 (0.02% of $10M), where rewards stayed capped at 0.02%.

Ambassadors and Allies

Now that we’ve discussed where fees come from and the earning potential, we can talk about how the pie is split. The GNS Referral Program is composed of Ambassadors and Allies.

Rewards in Action

Check your referrals revenue dashboard at https://gains.trade/referrals.
  1. He puts $2,000 as collateral on 75x leverage. His Open Position size is $150,000.
  2. The gTrade Ambassador earns 0.015% of $150,000 = $22.5 on this first crypto trade since he hadn’t refered any volume yet.
  3. For the next opened trade (on crypto) he will earn 0.015 + (0.02–0.015) * 150,000 / 10,000,000 = 0.015075%.
  4. The rewards for this opened trade are therefore as follows:
    - 22.5 * 0.9 = $20.25 in $GNS Tokens (90%) for the Ambassador
    - 22.5 * 0.1 = $2.25 in $GNS Tokens (10%) for the Ally
  5. The reward is the same if the trader closes his trade at a profit or gets liquidated — it is distributed when opening the trade based on initial position size.
  6. Ambassadors who weren’t brought by Allies keep 100% of their earnings.

gTrade Ambassador Requirements

Becoming a gTrade ambassador is a privilege that is earned. The gTrade Team wants to create the fairest and most user-friendly decentralized leverage trading platform, which requires an alignment of incentives and values.

  1. Recommended through an Ally
  1. ≥ 50% of Ambassador’s Content is related to either (i) DeFi or (ii) Trading
  2. Twitter is active and displays consistent engagement
  3. YouTube is similarly active and also displays a consistent level of engagement

Apply to become an Ambassador.

Become an Ally by referring an Ambassador.

Conclusion

A Real Yield user-owned platform like gTrade is a system composed of checks and balances. Liquidity Providers, $GNS Stakers, NFT Bot Runners, and now referrals all need to be rewarded in a balanced manner to ensure that there are always willing participants for every part of the gTrade ecosystem. A decentralized platform owned by its users requires balanced incentives.

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