Referrals are LIVE for Mycelium Perpetual Swaps, with up to 20% off our already low trading fees. Referrers and traders mutually benefit when trading off a referral code, with boosted discounts as per volume traded.
Referral programs are a great way for our community to spread the trading fever and Mycelium is excited to reward eligible participants with up to 20% in discounts.
Referrers earn commissions from the trading fees generated by users of their code.
Traders using the code can claim a trading fee discount when using the code.
Referrers earn commissions, Traders claim discounts. Simple and effective by delivering an enhanced trading experience by putting money back in Swaps’ user wallets.
How commissions and discounts are distributed
Every fortnight, both referrers and traders will be able to claim their commission and trading fee discounts accumulated over the previous 14 days. These will be visible and trackable on the referrals page.
The fee discounts will be applied to entry/exit fees, making trading Perpetual Swaps with Mycelium cost-effective for all traders taking out positions.
How to get a 20% discount
The discounts are tiered by volume traded.
We have structured the discount tiers and mechanics of the referral discount program for ease of use.
The more volume traded = the higher your discount will have.
There are three tiers of trading discounts:5%, 10%, and 20%
How to access Tier 1 for 5% discounts? Do nothing! This tier gives traders and referrers access to 5% trading discounts regardless of the volume they trade with Mycelium Perpetual Swaps.
Tier 1 Trader = 5% off trading fees for code users
Tier 1 Referrer = 5% commission on fees for referrers
How to access Tier 2 for 10% discounts?
Have at least 10 active traders using the referral code each fortnight
Combined weekly volume of + $5 million
Tier 2 Trader = 10% off trading fees for code users
Tier 2 Referrer = 10% commission on fees for referrers
How to access Tier 3 for 20% discounts?
Have at least 20 active users using the referral code each fortnight
Combined weekly volume of + $20 million
Tier 3 Trader = 20% off trading fees for code users
Tier 3 Referrer = 20% commission on fees for referrers
FYI on upgrading tiers:
If you are outperforming the requirements for your current tier: Referrers will need to fill out a form to update the volume traded on the code to increase your discount rate!