Referrals

Overview

If you want to earn rebates and discounts on the Morphex trading platform, you can create a referral code and share it with your network. In this way, you can get rewarded for bringing new traders to the platform, and they can save money on their trading fees. The referral program has a tier system to reward active and successful referrers.

Creating a referral code

To create a referral code, you need to follow these steps:

1. Go to (opens in a new tab)https://www.morphex.trade/referrals (opens in a new tab).
2. Click on the Affiliates tab.
3. Create a referral code using any combination of letters, numbers, and underscores.
4. Note that referral codes are case-sensitive.

Once you have your referral code, you can copy the referral link and share it with others on social media, messaging apps, or any other platform you prefer. When someone clicks on your referral link, their account will be linked to your referral code, and you will start earning rebates whenever they trade.

Rebates and discounts

The rebates and discounts offered through the referral program apply to the opening and closing fees for leverage trading on Morphex. The opening and closing fees are 0.1% on Morphex, and there is no price impact for trades and zero spread for tokens like BTC and ETH. Rebates are calculated before user discounts, which means referrers earn on the full maker fee, and from what would otherwise be spread on other exchanges. You will receive rebates in FTM, and your rebates history will be viewable on the referrals page. Note that the referral program is subject to change as it is determined by the token holders of MPX.

Tiers

The referral program has three tiers, which provide different levels of discounts and rebates:

• Tier 1: 5% discount for traders, 5% rebates to referrer.
• Tier 2: 10% discount for traders, 10% rebates to referrer.
• Tier 3: 10% discount for traders, 15% rebates to referrer paid in FTM, 5% rebates to referrer paid in esMPX.

Anyone can create a Tier 1 code, but to upgrade to Tier 2 or Tier 3, you need to meet certain criteria:

• Tier 2: At least 15 active users using your referral codes per week and a combined weekly volume above $5 million.
• Tier 3: At least 30 active users using your referral codes per week and a combined weekly volume above $25 million.

If you fulfill these criteria, please contact the team in Discord (opens in a new tab) or Telegram (opens in a new tab) to upgrade your code.

Note that there is a cap of 5000 esMPX distributed per week for Tier 3, and the price of esMPX will be based on the 7-day TWAP of MPX.