Referrals

What is the Referral System?

The HollaEx Referal feature is a means by which you can reward your current users by giving them a portion of the fees generated by any other potential user, by simply sending a link to sign up to your exchange.

The user simply sends the potential user a link to sign up to your platform, and then all fees generated by that new user as they use your platform will be split between your platform directly and the user who sent this link. The exact amount and

Who Has Access to the P2P System?

The HollaEx Referral system is available for exchanges with Enterprise subscriptions.

How to Set Up Referrals

Enabling Auto Trading is simple. Navigate to Operator Controls as the exchange's administrator, then select General from the sidebar, and proceed to the Features tab. From here, simply click to enable Referrals.

With this done, you will need to configure the specifics of how your reward system will function. Click the green Configure button to open the following menu.

The options here set the following:

• Currency: This is the currency that will track earnings. Keep in mind this is not the currency that the user to be rewarded will receive, but simply gives them an easy method to monitor over time the amount that their referrals have paid out to them over time.

• Earning Rate: This defines, as a percentage, how much of the fees that are generated by the referred user will go to the user who sent the referral. The remaining amount will go to you as the operator as normal.

  • For example, assuming an Earning Rate of 50, if user A sends their link to user B, and user B executes a trade that generates 1 USDT of total fees, 0.5 USDT will be held for User A, and the remaining 0.5 USDT will be kept for the exchange to be settled as normal.

• Earning Period: The amount, in months, that a user who has referred another will continue to benefit from the split in fee amount. Setting this to zero will mean that the user who has sent the referral link will continue to benefit from the fee split indefinitely.

• Minimum Amount: This is the amount, based upon the chosen currency above, must amount to before the user who has referred another can settle and receive their held fees into their wallet.

• Distributor ID: This is where the rewarding assets will be sent from. In most cases, this should be the same account that is where overall exchange fees are sent.

Once these settings are chosen, click Proceed to save them.

Referral Flow

Referrer Flow

The referrer is the existing user on your exchange who sends a link to another user (the referee) to encourage them to sign up and use your exchange.

In return for this, the referrer will receive a portion of all fees generated by the referee, dependent on the configuration the admin has set as detailed above.

Sending a Referral Link

To begin this process, the existing user should navigate to the Earn tab in the Nav bar on the exchange and access the Earn Commission page.

On this page, the user will see a list of details of their past referrals, empty if this is their first.

They can create the new referral link by clicking either of the links in the second box:

From here, they have a few options to run through, the first simply displays what the randomly-generated link will be.

Next, the user can decide how much of the earning rate they wish to receive, compared to the discount they give to the user they refer. This discount will last as long as the Earning Period decided by the amount.

This increments in steps of 10%, selected using the arrows, up to 10% below the maximum return rate decided by the admin.

Finally, a review of the referral is shown and can be confirmed.

From here, they can copy the link and send it to whoever they want to bring on. This code can be reused by multiple different sign-ups, and the referral count will track this number. This means that a referrer can use different discount codes for different groups of people and earn different amounts depending on their preferences.

Once the new users sign up, the count will increment by one, and any activity they generate with trades will begin to be tracked in the Earnings and History sections.

Tracking Referral Rewards

As a user brings on others, they will be able to see what they have earned, as well as settle the amounts once they attain the minimum amounts defined by the admin.

The first Referral Earnings page, after some activity, will begin to show the number of sign-ups they have encouraged, as well as in the top section showing their total earnings over time, and any amount they have but have not settled into their own wallets.

From here, they can click the blue Settle button to instantly transfer the unsettled amounts to the relevant wallets they have, assuming the total is over the admin-defined minimum.

In the history tab, the user can simply see a record of all the times they have settled their collected earnings, with the relevant details.