Bites Exchange Platform — Referral Program

Krosscoin
Krosscoin
Published in
4 min readNov 11, 2019

Invite your friends and get rewards.

JOIN, share your link and build your network now!

What is Bites Exchange Platform Referral Program?

Referral Program is a multi-level referral system with 3 levels (25%, 10% and 5%). It allows to get a personal unique link to invite traders to Bites Exchange Platform and build multi-level networks to earn referral rewards from the traders invited directly and the traders they invite on the next levels all the way down to the 3rd level.

The users you invite via your link become your referrals and generate passive income for you. Your income is based on the trading fees paid by the invited traders on Bites Exchange Platform. Up to 40% of the Bites Exchange Platform revenue will be shared with the users. Don’t miss your chance, join and start earning right now!

How the Referral Program works?

The inviter will receive the corresponding Referral from the transaction fee, each time the invitee completes an order.

Each referral will be effective starting from your friend’s first completed order.

Referral Program = Invitee’s transaction amount * Transaction fee rate * Referral Program rate based on the level of the invitee.

Referral Program rate of L1 — level invitee: 25%

Referral Program rate of L2 — level invitee: 10%

Referral Program rate of L3 — level invitee: 5%

How much can I earn?

Each time a user makes a payment, i.e. pays a trading fee on Bites Exchange Platform, a part of it goes to the referrers, according to the referral levels reward percentage. The referral rewards are credited immediately to all referrers involved in the structure. (See Reward calculation)

“Dan invited Sofia, Sofia invited John and John invited Will.

Sofia paid $100 in trading fees on Bites Exchange Platform, John paid $100 too and Will paid also 100$.

So, Dan will receive $40 as a total reward from his referrals: $25 from Sofia (100 * 25%=25), $10 from John (100 * 10%=10) and $5 from Will (100 * 5%=5).

In the meantime, Sofia will receive $35 as a referral reward from John (25%) and Will (10%), since she has also one direct and one indirect referral. John will receive also 25$ from Will, Will being direct referral to John (25%).”

Get your Referral Link

After registering in the program each user receives a unique link which is used for inviting users to the system. Based on these unique links, the system records the referral connections on who invited whom to calculate and distribute the referral rewards generated by the users when they pay for services.

The rules of the Referral Program will apply in accordance with Birake Terms & Conditions. Bites Exchange Platform reserves the right to the final interpretation of these terms and conditions.

Why start now?

Early users get substantial advantages over those who join later, such as:

- The sooner you join — the bigger your network, the higher your position in the system, which results in higher earnings.

- Participate in Bites Exchange Platform Referral Program contest and earn 1 Software Exchange Platform to become an exchange partner in Birake Network!*

How do rewards in the program get generated and credited?

After your invitees register in the program, each time they make a payment (are paying a trading fee in Bites Exchange Platform) a part of it goes to the referrer that stand higher in the 3 level structure. All the referral rewards are granted immediately in BIR coin currency. BIR is the main utility coin used for Bites Exchange Platform. All payments shall be made within 30 days starting from the last day of the month.

Example: all revenues from 1st — 30 April, shall be paid between 1st — 31 May.

How do I start?

Social media is one of the best and simple ways to spread the word about Bites Exchange Platform and share your affiliate link. These days all new users/traders that are registering accounts on Bites Exchange Platform, are coming from social media platforms such as Twitter, Facebook, Telegram, Discord, WeChat, WhatsApp, Instagram, Reddit, Medium, YouTube, etc

Every single one of them its important and you should focus to be as “present” as possible on each of them. On Bites Exchange Platform we have prepared everything you need to become successful, check the link here and start right away!

NB: Referral fees will be earned in the BIR token of our partner, Birake Network for a few months, after which all referral fees will be earned exclusively in the KSS token. Already the KSS token is being used to vote projects to get listed on Bites Exchange Platform. BIR token has decent liquidity and is listed on coinmarketcap. So start referring and earning!

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Krosscoin
Krosscoin

Layer 1 Blockchain infrastructure powering Hashgreed and other Dapps. Krosscoin (KSS) is the network currency