> For the complete documentation index, see [llms.txt](https://docs.ashswap.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ashswap.io/ashperp/referral.md).

# Referral

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### **The More, The Merrier**

Don’t just trade alone! Bring your friends to AshPerp to earn rebates and win prizes in the Referral Program. Plus, your friends will get a 10% discount on open fees.

{% hint style="info" %}
Let's visit <https://ashperp.trade/referral> and get your code!
{% endhint %}

There are two parties who will benefit from this program:

* **Referrals**: who are invited to AshPerp using a referral code
  * Each referral is linked to only one referral code, which cannot be changed.
  * Referrals will enjoy a 10% discount on open fees when initiating trades on AshPerp.
* Referrers: who share their referral codes to invite friends to join AshPerp
  * There's no limit to the number of referrals you can invite.
  * Referrers will earn rebates from their referrals' open fees, with the amount depending on their achieved tier.

### What are the benefits of Referrers and Referrals?

You can earn Discount / Rebate based on Open Fees

<figure><img src="https://miro.medium.com/v2/resize:fit:720/format:webp/1*kbLCSBWZFo8P48iEBCzIRA.jpeg" alt=""><figcaption></figcaption></figure>

{% hint style="info" %}

* **Trading Fee Discount:** This is benefit that traders receive when becoming referral of a referrer, the amount will be determined based on referrer’s tier.
* **Referrer Rebate:** This is the commission that a referrer receives for referring new users to AshPerp, retrieved from the open fees of each order opened by the referrals.
  {% endhint %}

Tiers will be tracked based on the following rule:

* **Tier 0**: Anyone can create a Tier 0 code (default).
* **Tier 1:** You should have a minimum of 5 active users utilizing your referral codes each cycle, with a combined volume of at least $1 million.
* **Tier 2:** You should have a minimum of 10 active users utilizing your referral codes each cycle, with a combined volume of at least $3 million.
* **Tier 3:** You should have a minimum of 20 active users utilizing your referral codes each cycle, with a combined volume of at least $10 million.

User’s Referral tier will be validated and updated every AshSwap's Cycle

* AshSwap’s Cycle: 00:00 UTC Thursday - 00:00 next Thursday
* **Trading Volume of Referrals**, **Rebates Paid** and **Number of Active Referrals** will be reset to 0 at the beginning of a Cycle

{% content-ref url="/pages/MX6hqfPbrvDnv62161z7" %}
[Referral Guide](/ashperp/referral/referral-guide.md)
{% endcontent-ref %}

### FAQ

<details>

<summary>What criteria determine if a referral is "active"?</summary>

That user will need to have at least 1 order per Cycle (00:00 Thursday - 00:00 next Thursday)

</details>