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 to Metal X app, visit the Fees tab from the DEX and click on your Wallet Name to copy the URL to your clipboard.

Referral example

John refers Hank.

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

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

Hank acting as a taker in this transaction.

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

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