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.

1. 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.