Xend Finance Referral Rewards Program Leaderboard

Feranmi Akeredolu
Jul 1 · 3 min read
Prizes for Top Winners

We are excited to announce the launch of our leaderboard to track winners of our Referral Rewards Program. The tracking starts from July 1st, 2021 and 20 winners are chosen every 3 months.

The leaderboard is designed in a way to reward the strong supporters of the platform that refer a lot of their friends to save on the platform. The more people you refer that lock their funds on the platform, the higher your chance of getting to the top of the leaderboard and earn the grand reward.

Check the leaderboard here: https://bsc.xend.finance/referral/

For every referral that saves on the platform, you get 10% of the ROI on their savings. Aside from that, you could also be on the leaderboard and win up to $1000.

Rewards based on ranking on the leaderboard:

Rank 1 — $1000 worth of $XEND
Rank 2 — $750 worth of $XEND
Rank 3 — $500 worth of $XEND
Rank 4 and 5 — $300 worth of $XEND each
Rank 6–10 — $200 worth of $XEND each
Rank 11–20 — $100 worth of $XEND each

Terms and Conditions

  1. To qualify for the top 5 on the leaderboard, your referrals need to have locked up $10,000 for a period of 3 months (the locked funds by all the person you referred has to add up to $10,000 at the end of the 3rd month).
  2. To qualify for the rank 6–10 on the leaderboard, your referrals need to have locked up $2,000 for a period of 3 months (the locked funds by all the person you referred has to add up to $2,000 at the end of the 3rd month).
  3. Referral rewards are distributed every 3 months.

Note: The team has the right to revise the conditions for the leaderboard. Any revisions will be announced publicly.

Referral Points Calculation

We use a point and level system for rewarding users. Levels will act as multipliers for the points gotten within a certain period.

So if you can increase your Level, it will multiply the points and increase your overall score on the Leaderboard.

A.R (Active Referral): An active referral is someone that is referred to the platform by an already existing platform user and has saved a minimum of $1000 in the system.

The referral only becomes active when the referral saves some money on the platform.

Calculation:
T.P = log(2) TVLR * L * 100
TP = Total points
TVLR = Total Volume (USD) Locked by Referral
L = Level
D = Days the fund has been locked

Start referring your friends and families today to earn.

For any queries, feedback, or just a friendly “Hi”, reach out to us on:
Telegram — https://t.me/xendFinance
Twitter — https://twitter.com/xendfinance

Xend Finance

A global DeFi platform for credit unions, cooperatives, and individuals.

Xend Finance

Xend Finance is a global DeFi platform for credit unions, cooperatives, and individuals, with an open Layer-2 infrastructure for developers. Backed by Binance and Google Launchpad.

Feranmi Akeredolu

Written by

Creative and knowledge brand interested in finance and tech.

Xend Finance

Xend Finance is a global DeFi platform for credit unions, cooperatives, and individuals, with an open Layer-2 infrastructure for developers. Backed by Binance and Google Launchpad.