Referral Reward
Overview
The Referral Page in Prophecy enables users to earn rewards by inviting others to the platform through a multilevel referral system. This system incentivizes users not only for direct referrals but also for the activity of users referred by their direct invitees, creating a cascading network of rewards.
This document outlines the functionality, design, and technical implementation of the Referral Page and the multilevel referral system.
1. Purpose of the Referral Page
The Referral Page is designed to:
Encourage user acquisition through incentivized referrals.
Reward users for building a network of active participants.
Provide transparency regarding referral rewards and levels.
2. Key Features
1. Referral Link Generation
Each user can generate a unique referral link.
The link tracks users who sign up through it and associates them with the referrer.
2. Multilevel Referral Rewards
Rewards are distributed across up to 3 levels:
Level 1: Direct referrals.
Level 2: Referrals made by Level 1 users.
Level 3: Referrals made by Level 2 users.
3. Reward Tracking
View total rewards earned from referrals.
Withdrawal of Rewards
Users can withdraw referral rewards directly to their wallets.
3. Workflow
1. Tracking Referrals
When a new user signs up using the referral link:-
The system associates the new user with the referrer.
If the referrer already has a parent in the referral chain, the new user is added to the corresponding level.
2. Calculating Rewards
When a referred user performs a rewarded action (e.g., trades):
The system calculates the reward for the referrer and their uplines based on the multilevel reward structure.
3. Withdrawing Rewards
Users can withdraw rewards to their wallet after reaching a minimum threshold.
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