As another volatile week sees Bitcoin attempting (and failing) to reclaim the highs of just one week ago, it’s a great opportunity to begin exploring some risk-averse ways to start stacking crypto, and the Helix referral system is exactly that, allowing users of the platform to earn on-going passive rewards, anywhere, and at any time.
In today’s short post, we’ll take a look at how the referral initiative works on Helix, the available incentives, and most important of all, how much you can earn.
2-TYPE REFERRAL SYSTEM
From the launch of the referral program, coinciding with the mainnet deployment of Helix.Finance, users of the platform will benefit from a 2-type incentive system, providing rewards for staking and token swaps made by referrals, anytime they harvest or trade.
Rewards for referral commissions are denoted in HELIX and can be harvested at any time.
Referral rewards-
3% — Referral commission each time staking/farming rewards are harvested.
5% — Of the total trading fee paid, each time your referral makes a token swap.
HOW DOES IT WORK
Yeah, i know… if something sounds too good to be true, it usually is…especially in crypto, but the Helix referral program is a bootstrapping initiative with dedicated funding through the HELIX tokenomics, retaining 4% of the total supply, so this doesn’t end with us asking you to send 1BTC, and then casually waiting while we send 2 back…… ……. …………………..still waiting?
Instead, the simplified process involves grabbing your unique referral code from Helix.Finance, sharing with your friends, and… that’s it. The more that they use the platform, for both staking and trading, the more HELIX that you can earn, totally risk-free! And to be clear, the rewards are not taken from your friends, they still get to keep 100% of their earnings!
Referral rewards are paid out at the time of harvest or token swap, and when a referral is yours, they’re yours for life, so there’s a great opportunity to get in early and start earning ongoing rewards.
THE BENEFITS
First and foremost, the referral program functions as a simple and easy method for users to obtain a passive income that is not directly tied to the market performing at peak levels. For instance, traders trade no matter the market, up or down, and those interactions with the platform equate to constant rewards for their lucky referrer, who, as an added benefit may have never even deposited funds on the platform, and has now leveraged their way into a stack of HELIX tokens. After harvesting these referral rewards, they can now be vaulted, staked, or simply sold for profit.
Other key benefits of the initiative include increased exposure within the wider DeFi community, higher levels of platform adoption, and the continuation of our community-building efforts, which will hopefully lead to a core group of holders of the HELIX token, who all share the dream of ensuring the protocol succeeds.
Although this is often overlooked, in my opinion, increased action towards building a community of dedicated holders can offset the impact of mercenary, or disloyal liquidity, especially during the building/early days of the protocol.
WEN…
Functionally the referral system is fully complete and ready for participant use, nevertheless with the delay in IDO the platform is currently in Beta, with HELIX emissions effectively turned off. There is good news, however, with the mainnet deployment of Helix.Finance slated for some time in the next 10 days, HELIX emissions will be turned on, and gradually increased,(to protect token price) and the referral system activated.
To keep up with the latest information regarding the mainnet launch, and the initiation of the referral system, ensure you’ve joined the community Discord, and you’re following us here, and on the Geometry blog.
USING THE REFERRALS SCREEN
To begin using your referral code and grabbing your share of the emissions, head over to https://helix.finance/referrals.
In the interest of simplification, the referral screen is basic and very easy to use. To start sharing and start earning, simply grab the referral link in the center of the screen, and away you go.
Harvesting rewards also takes place on this screen, and can be achieved by selecting the claim button, and confirming through your decentralized wallet.
HOW MUCH CAN YOU EARN
Finally, the most important question, and thankfully a relatively simple answer; there is no limit to the amount any single person can earn from referrals, so have fun spreading the news, just please… no random shilling, the project has some awesome selling points and a great future ahead, help educate, and watch the rewards come rolling in.