# Referral program

The referral program is beneficial for both the referrer and referee as they both earn rewards from the fees. This program is applicable only for new wallets/accounts. The referral program only applies to fees earned on the DEX section of Metal X and not the Swap section. 

|   Type   | Discount |
| :------: | :------: |
| Referrer |    25%   |
|  Referee |    5%    |

There is no limit to the number of referrals a trader can make. Each account can only use one referral code. Earning rewards as the referee will last for 1 year.

## **Referral link**

Get your referral link after you have connected your [WebAuth Wallet](https://webauth.com/) to Metal X app, visit the Fees tab from the [DEX](https://app.metalx.com/dex/) and click on your Wallet Name to copy the URL to your clipboard.

<figure><img src="https://1068387139-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2KWLHP2zE3VO3AoelaSy%2Fuploads%2FrhrrLRRbN7qbcDfdXB21%2Fref.png?alt=media&#x26;token=fffb6629-7d6f-4b65-83a0-d448d2e50b0c" alt=""><figcaption></figcaption></figure>

## **Referral example**

John refers Hank.&#x20;

Hank creates an account on Metal X and deposits $500 USDC to his wallet.&#x20;

Hank visits Metal X and buys $500 XUSDC worth of XPR, or 500,000 XPR.&#x20;

Hank acting as a taker in this transaction.&#x20;

Hank as the referee pays 0.95 XUSDC as a fee (1 XUSDC base fee Tier 1 minus a 5% reduction).&#x20;

John as the referrer receives 25% of the 0.95 XUSDC fee or 0.237500 XUSDC