> For the complete documentation index, see [llms.txt](https://docs.afx.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.afx.xyz/affiliate-program.md).

# Affiliate Program

### 1. What is the Referral Commission Program

The Referral Commission Program is a long-term incentive plan open to all eligible traders. Generate your unique referral link, invite friends to trade, and earn **ongoing commissions on your direct invitees' trading fees**, plus a **sub-agent override on your downline network**. The more they trade and the wider your network grows, the more you earn.

### 2. Two Core Benefits

#### 2.1 Direct Commission — Earn on Every Trade Your Invitees Make

* **Binding**: A user becomes permanently bound to you the first time they connect a wallet via your unique link (<https://app.afx.xyz/?referral=`[your_code]`>).
* **Commission rule**: For every trading fee paid by your invitee, you receive a rebate based on **your commission rate**.
* **Commission rate metric**: Your rate is determined by the **total cumulative trading volume of your entire downline network (all tiers)** and is **auto-updated daily at UTC 00:00**. The more active your network, the higher your rate.

**Commission Rate Tier Schedule:**

| Cumulative Volume | Commission Rate |
| ----------------- | --------------: |
| ≥ $0              |             10% |
| ≥ $50,000,000     |             15% |
| ≥ $75,000,000     |             20% |
| ≥ $100,000,000    |             25% |
| ≥ $200,000,000    |             30% |
| ≥ $500,000,000    |             35% |

> Volumes are denominated in USDC and refer to the cumulative trading volume of your entire downline network.

#### 2.2 Sub-Agent Override — Fixed 5%, Always Stackable

In addition to direct commissions, you automatically earn a **5% override** on the trading fees of **second-tier users invited by your direct invitees**.

**Relationship illustration:**

> Suppose the referral chain is A → B → C → D → E

| Fee Source     | Direct Commission (by upline rate) | Sub-Agent Override (fixed 5%) |
| -------------- | ---------------------------------- | ----------------------------- |
| Generated by B | A                                  | —                             |
| Generated by C | B (at B's rate)                    | A (5%)                        |
| Generated by D | C (at C's rate)                    | B (5%)                        |
| Generated by E | D (at D's rate)                    | C (5%)                        |

**Formula:**

```
Your reward this period
= Σ (Direct invitee fees × Your commission rate)
+ Σ (Second-tier user fees × 5%)
```

**Example:**

> Suppose C generates 100 USDC in trading fees today, and B's commission rate is 35%:
>
> * B's direct commission = 100 × 35% = **35 USDC**
> * A's sub-agent override = 100 × 5% = **5 USDC**

### 3. Eligibility & Binding Rules

| Item                   | Rule                                                                                                           |
| ---------------------- | -------------------------------------------------------------------------------------------------------------- |
| Generate referral code | Reach **10,000 USDC** in personal cumulative trading volume to automatically receive your unique referral code |
| New user binding       | Connecting a wallet via your link automatically establishes a permanent binding                                |
| Existing user binding  | May manually bind to an upline **once**; cannot be changed afterwards                                          |

### 4. Settlement & Payout

* **Settlement time**: settled automatically at **UTC 00:00 daily**.
* **Payout method**: commissions are sent directly to your wallet address — **no manual claim required**.
* **Settlement currency**: USDC.

### 5. Why Join the Referral Program

* ✅ **Lifetime earnings**: every trade by your invitees brings you income — no expiration.
* ✅ **Multi-tier stacking**: direct commission + 5% sub-agent override means your second-tier network earns for you too.
* ✅ **Auto-settled**: rewards are paid out automatically at UTC 00:00 every day — **zero effort**.
* ✅ **Rate grows with you**: the larger your downline's volume, the higher your commission rate — a positive feedback loop.

### 6. Notes

* **Two separate metrics — do not confuse them**:
  * **Commission rate upgrade** → based on your **entire downline network's cumulative trading volume**.
  * **Sub-agent override** → a fixed **5%** of your second-tier users' trading fees.
* The platform reserves the right to investigate and reverse rewards from wash trading, self-referrals, related-account cross-invitations, or any other abusive behavior.
* The platform reserves the right to interpret and adjust these rules. Final interpretation rights belong to the platform.


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