Referral system

Referral System

Overview of the Referral System: Genaire’s Referral System is designed to incentivize users to invite new participants to the platform. By referring others, users can earn additional rewards in the form of $GNR points. This system not only helps to grow the Genaire community but also provides an opportunity for users to increase their earning potential.

How the Referral System Works:

1. Generating Referral Links:

   • Personalized Links: Users can generate personalized referral links from their Genaire dashboard. These links can be shared with friends, family, or the broader community.

   • Easy Sharing: Referral links can be easily shared via social media, email, or messaging apps, making it convenient for users to invite others to join Genaire.

2. Eligibility to Generate Referral Links:

   • Initial Deposit Requirement: To generate a referral link, users must first deposit their ETH or Liquid Staking Tokens (LSTs) into Genaire. This ensures that only active participants can refer new users and earn rewards.

3. Earning Referral Points:

   • New User Deposit: When a new user signs up using a referral link and makes their first deposit into Genaire, the referrer earns $GNR points. The amount of points awarded depends on the activities performed by the referred user.

   • Restaking Activities: Referred users who participate in restaking further boost the referrer’s $GNR points. The more the referred users restake, the more points the referrer earns.

   • Additional Bonuses: Special referral events may offer increased point rewards, encouraging users to refer more participants during promotional periods.

4. Tracking Referrals:

   • Referral Dashboard: Users can track their referrals and earned points through a dedicated section in their Genaire dashboard. This provides a clear overview of referral activities and accumulated rewards.

   • Real-Time Updates: Referral points are updated in real-time, allowing users to see the immediate impact of their referral activities.

Benefits of the Referral System:

• Increased Earnings: By referring new users to Genaire, participants can significantly boost their $GNR point balance, leading to larger airdrop allocations and additional rewards.

• Community Growth: The referral system helps expand the Genaire community, bringing in new users and increasing overall participation in the ecosystem.

• Engagement Incentives: Referral points encourage users to stay active within the platform and continue inviting others, creating a virtuous cycle of engagement and growth.

How to Maximize Referral Rewards:

1. Share Widely:

   • Social Media: Share your referral link on social media platforms to reach a broader audience.

   • Community Forums: Participate in relevant forums and communities to invite interested users to join Genaire.

   • Personal Network: Invite friends, family, and colleagues who are interested in DeFi and staking.

2. Educate and Assist:

   • Provide Guidance: Help referred users understand how to use Genaire, including how to restake assets and earn rewards.

   • Share Resources: Share tutorials, guides, and other resources to assist new users in getting started with Genaire.

3. Stay Informed:

   • Promotional Events: Keep an eye out for special referral events and promotions that offer increased rewards.

   • Platform Updates: Stay updated with Genaire’s latest features and announcements to better inform and attract new users.

More Information Coming Soon: Additional details on the referral system and upcoming enhancements will be provided as the Genaire ecosystem evolves. We are committed to continuously improving the referral system to maximize user rewards and community growth.