Tech Upgrade: Late September Release (1.1.0)
Beginning of this week, September 28th, we quietly launched our biggest update to date.
The most notable new features are the referral program and flexible staking. Other noticeable improvements were done to the performance of the front-end while trading.
Ever since we got listed on CoinGecko, we’ve also been running a bug bounty program, which has kept us busy. Various smaller issues were fixed with this release, and bug bounties distributed.
Staking
We’ve made it possible from this week to earn a passive yield on assets held in your balances on Multi.
This is especially great, because it doesn’t require you to lock your assets, but allows you to have open orders waiting for a buy or sell price while your assets still generate yield for you.
With more assets coming in the future, we’ve decided to kick off the staking on Multi with ICON Network (ICX) due to our close relationship with the team and us being an ICON Network P-Rep.
Expect to earn 8–12% per year on ICX held on your Multi balance with distributions starting in October.
The Referral Program
Many have been waiting for the release of our referral program and it’s finally live. You are now able to earn a commission by referring your friends or promoting Multi elsewhere.
Referring a user will now result in the referrer to earn 30% of the trading fees as a commission without limitations and the referred user will receive a 5% rebate of their paid fees.
John refers Arthur to Multi with his referral link. Arthur deposits 150,000 USDT to Multi and buys ETH.
Ethereum price is 300 USDT, so Arthur is able to buy 500 ETH.
Arthur hasn’t traded on Multi before, so he is on the lowest VIP level, paying 0.1% on the trade.
The total fee on the trade is 0.5 ETH, which of 0.025 ETH is returned to Arthur and 0.15 ETH is sent to John for referring Arthur.
Specifications
The referral commission and rebates are not instant but happen with a few minute delay.
Every few minutes the commission and rebates are credited to accounts and records in your commission and rebate history update.
Results are grouped by day, anonymized, and sortable by asset and day.
Personalized Links
Instead of giving everyone a randomized referral link, we allow users to define their own vanity referral link.
This way users can make their referral links match their Twitter or other social media handles for easier recognition by their friends and/or followers.
Go and secure your unique link now.
Other Improvements
Along with a lot of non-visual improvements to the performance of trading rooms and fixed bug bounties, we greatly improved the trade history page, allowing users to now see all their trades in one place (previously only market specific).
The numbers formatting was improved to have thousand separators for easier readability across all pages.
You can now also label your whitelist addresses for easier recognition in the list when doing withdrawals.
For the next release, we are focused on improving the UX of existing features on Multi. If you’ve got any UX suggestions, please reach out on Telegram or file a support ticket.
As always, more exciting stuff in the works and coming soon. I hope you like our referral program and spread the word. Good luck!
