# Referral Program Documentation

**Overview**

Earn commission by introducing new traders to Pingu Exchange. Our tiered referral system rewards both referrers and referees, creating a win-win ecosystem for growth.

**How It Works**

1. **Get Your Referral Link**: Access from your account dashboard
2. **Share with Friends**: Invite traders to join Pingu
3. **Earn Commissions**: Receive a percentage of trading fees from your referrals
4. **Climb the Tiers**: Unlock higher commission rates with more volume

**Referral Tiers**

Progress through tiers based on total fees generated by your referrals:

| Tier | Name      | Requirements        | Referrer Commission | Referee Discount |
| ---- | --------- | ------------------- | ------------------- | ---------------- |
| 1    | Novice    | No minimum          | 5%                  | 10%              |
| 2    | Seeker    | $1,000 total fees   | 7.5%                | 10%              |
| 3    | Warden    | $5,000 total fees   | 10%                 | 10%              |
| 4    | Champion  | $10,000 total fees  | 12.5%               | 10%              |
| 5    | Master    | $50,000 total fees  | 15%                 | 10%              |
| 6    | Ascendant | $100,000 total fees | 20%                 | 10%              |

***Note**: Referee discount applies to their first $25M in trading volume*

#### **Community Role Tier Matching**

Certain community roles automatically qualify for higher referral tiers:

| Role                                 | Starting Tier |
| ------------------------------------ | ------------- |
| PinguNads                            | 2             |
| Early Pingu                          | 2             |
| Trained Pingu                        | 3             |
| Talented/Prime/Quant/Allegiant Pingu | 4             |
| Royal Pingu                          | 5             |
| Ambassadors                          | 5             |

***Note**: Roles are obtained by either: helping onboard users, creating impactful content, or adding value to Pingu in any way that’s beneficial to the project.*

#### **Commission Structure**

* **Payment Frequency**: Real-time credit to your account, claimable in the referral page ADD LINK
* **Payment Currency**: MON or USDC (matching fee currency)
* **Withdrawal**: Available immediately, no minimum threshold
* **Tracking**: Full transparency with detailed referral analytics

#### **Best Practices for Referrers**

#### **DO's:**

* Share educational content about Pingu's features
* Highlight the fee discount for referees
* Focus on Pingu's unique advantages (Crypto and real-world assets on-chain trading, drawdown-minimized LP design, coin margin/settlement, deep takers liquidity with no spread/price impact)
* Provide ongoing support to your referrals

#### **DON'Ts:**

* Make unrealistic promises about profits
* Spam links in unauthorized channels
* Create fake accounts for self-referral
* Misrepresent the risks of leveraged trading

#### **Terms & Conditions**

* Self-referrals and wash trading are prohibited
* Pingu reserves the right to adjust tiers and rates with 7 days notice
* Fraudulent activity results in immediate program termination
* Commission rates apply to net fees after any protocol discounts
* Pingu holds a discretionary right on referral management

#### **FAQ**

**Q: When do I receive my referral commission?** A: Commissions are credited in real-time as your referees trade.

**Q: Can I lose my tier status?** A: No, tier progression is permanent - you can only move up.

**Q: Do referral links expire?** A: No, your unique referral link remains active indefinitely.

**Q: Can I refer users who already have trading activity?** A: No, referral links only work for new account registrations.