REFERRAL MECHANISM OF PIKASTER

4 min readMar 25, 2022

The Three-tier Referral Mechanism is how Pikaster rewards its users and it is best explained using this direct examples:

If Alex uses Jean’s invitation link (available on the official website and in-game) to complete the registration process with Pikaster, then Jean will be Alex’s direct referrer, or tier-1 referrer; if Quentin uses Alex’s invitation link to complete the registration process, then Alex becomes Quentin’s tier-1 referrer and Jean is Quentin’s tier-2 referrer; furthermore, if Clowes in turn uses Quentin’s invitation link to complete the registration process, then Quentin becomes Clowes’ tier-1 referrer, Alex becomes Clowes’ tier-2 referrer and Jean is then Clowes’ tier-3 referrer.

CONDITIONS FOR BECOMING A REFERRER

All registered users can become referrers, but they must have at least one non-leased NFT in their account to qualify for a referral reward; otherwise, they will not receive one.
When a referee successfully registers on the Pikaster Platform using the referrer’s invitation link, the referral is considered successful; and at the same time, the binding relationship between the referrer and the referee is established. The binding relationship is effective for 45 days and begins on the day the referral is successful, which is Day 1, and ends at 24:00 on Day 45.
If the referrer has less than one non-leased NFT in his/her account during the referral process, or if the binding referrer-referee relationship has been in place for more than 45 days, the relationship will be terminated immediately, and no rewards or credit points will be generated; however, any rewards or points earned prior to that time will be distributed normally.
In the three-tier referral binding relationship, if A no longer holds at least one non-leased NFT in his/her account, then all binding relationships of A will be invalidated immediately, but the binding relationships between other users will not be affected; If the duration of the binding relationship between A and any user exceeds 45 days, the binding relationship between A and any user will become invalid, but the binding relationship between other users is not affected.
The awards and credit points previously received by A will still be distributed in the usual manner.

REFERRAL REWARDS

Referral rewards will be in the form of Commission Rewards and Ranking Rewards.

COMMISSION REWARDS

Commission Rewards include NFT Purchase & C2C Platform Transaction Fees.

NFT PURCHASE : When users purchase NFT using USDT on the Platform, we will use 15% of the transaction amount as rewards, of which 10% will be returned to the referees, 60% will be given to tier-1 referrers, and tier-2 and tier-3 referrers will receive 20% and 10% respectively.

C2C TRANSACTION FEES : When users conduct C2C transactions on the Platform, the Platform will charge a 5% transaction fee, and we will set aside 10% of the transaction fee as reward, of which 10% will be returned to the referees, 60% will be given to the tier-1 referrers, and the tier-2 and tier-3 referrers will receive 20% and 10% respectively.

RANKING REWARDS

25% of the total amount of Platform currency released every month will be used to reward the top 500 in the PVP ranking The referral ranking of each season is based on the total credit points scored by each user, including referral credit points and transaction credit points.

1. Referral credit points: a referral credit point will be credited to the referrer for each valid referee, and a valid referee refers to a user who purchases at least one NFT.

2. Transaction credit points: all the transactions of a referee on the Platform can increase the transaction credit points of the referrer. If the transaction value reaches 10U or an equivalent amount of tokens, 1 credit point will be generated.

The ranking is in descending order according to the number of credit points. If two users have the same number of credit points, the individual with the most credit points will be ranked higher. A season is a natural month, and when one ends and the next begins, a user’s credit points are cleared; any credit points earned during the off-season are passed to the next season. When the new season begins, the user’s credit points will be calculated based on the previous season’s credit points.

WHEN WILL THE REWARDS BE DISTRIBUTED?

Rewards in the form of commissions are generated instantly and deposited to the recipients’ accounts directly.
The ranking system is used to determine rewards at the end of each season. Within 7 working days of the completion of the corresponding season, ranking awards will be awarded, and the cashed ranking prizes will be credited immediately to the recipients’ accounts.

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