The referral system motivates users to involve new users in the SORA economy. When you invite people, you are the referrer. As a referrer, you’ll get 10% of your referral’s network fees. One referrer can have as many referrals as they like. And one referral can have only one referrer.
The referral graph is stored on-chain, so users have to pay network fees for setting the link between referral and referrer. The referrer bonds some XOR, and when a referral joins the network using the referrer’s code, the bond amount is reduced in order to pay fees.
We recommend using the SORA testnet for practice exercises. Here are the Testnet links:
In the practice section, we'll create a referral link and get rewards.
First of all, XOR should be bonded in order to pay fees for setting up the referrals. Open the Rewards section and click Referral Program. Initially, you have 0 XOR bonded and 0 Referrals.
Click to XOR Bonded and then on Bond more
You can enter any amount, but keep in mind that it should be more than 0.0007 XOR in order to pay a fee for the referral.
Now you will see XOR bonded, as well as the link that you can share with your referrals. Copy the link and send it to your friends. When they join the network, you’ll see them in the referrals list.
If someone joins SORA using your referral link you’ll get this information on the referral screen.
If your referral makes a transaction then you’ll see the reward that you get. You don’t need to claim this reward, as it will be added automatically to your XOR balance.