The Nominex Referral Program is a system that allows users to receive passive income for the actions of both personally invited people on the Nominex platform and for the activity of people in the entire referral structure at any referral level below you.
The Nominex referral structure is a binary tree where members are added to a tree-structured system where each new member has left and right subtrees (teams).
Each first referral level consists of 2 people, so at the level below there can be up to 4 referrals, at the third level - 8 and so on.
The level of farming of NMX tokens is of considerable importance. Let's take a closer look at this concept. The level of farming depends on the number of funds you have put into NMX farming (you can learn more about how to start farming NMX tokens here).
1. Farming level is determined by the total value of funds that you personally have invested in NMX farming pools.
2. Farming levels are measured based on USDT conversion at the time of investment and are not recalculated if the exchange rate is changed.
3. Replenishment of pools does not cause recalculation of investments. For example, there were 1000 NMX and BNB = 3000 USDT at the exchange rate on day X, there was an addition of 1000 NMX and BNB = 4000 USDT at the exchange rate on day XX, then the total amount based on that considered farming level 7000 USDT.
Starting from 100 USDT, you get increased percentages from farming under the Referral Program. And by investing 1000 USDT or more in farming, your trading commissions will also be reduced (you can read more about all the ways to reduce a trading commission here).
For example, you invested 2500 USDT to start farming. This amount corresponds to the level of VIP level, which gives a certain set of privileges. Thus, you will have increased rewards from the farming of your referral structure by 10%, and your trading commissions will be reduced by 20%. Also, you will increase your rewards from the amount of paid trading commissions of your referral team.
In the screenshot below, you can see in detail the available farming levels and rewards for reaching certain levels:
Detailed information on all levels of farming can be obtained via the link https://nominex.io/my/nmx/team-staking and then click on “All referral levels”
Nominex offers you 2 types of referral rewards, Nomiswap offers 4 types of referral rewards:
- The first 2 types of rewards are related to the trading of all members of your referral structure.
- The other 2 types of rewards are related to the farming of NMX tokens by all members of your referral structure.
Before we get to the detailed description of the rewards, it is necessary to introduce a term such as “weak team”. A weak team can be either the right or the left team.
- In trading, a weak team is considered to be the team whose total trading commissions for the current day are less than the number of trading commissions of the other team. For example, today your right-hand team spent a total of 120 USDT on trading commissions, and the left one spent 110 USDT. In this case, the left team will be considered weak.
- In NMX token farming, a weak team will be the team that has farmed fewer NMX tokens for the current day than another team. For example, your right-hand team farmed 30 NMX today and your left-hand team farmed 45 NMX. In this case, the right team will be considered weak.
1. Referral Trading Reward: get from 10% to 20% of the paid trading commissions of your direct referrals.
For example, you have 3 direct referrals, the first paid a trading commission of 10 USDT, the second paid 50 USDT, and the third paid 100 USDT. Your farming level is MAX, which means your bonus will be 32 USDT (i.e. 20% of 160 USDT).
2. Team Trading Reward: Receive from 5% to 10% of the paid trading commissions of your weak team.
For example, your right team is weak today, as their trading commissions totaled 340 USDT (while the strong team totaled 450 USDT). Your farming level is MAX, which means your bonus will be 34 USDT (i.e. 10% of 340 USDT).
Trading rewards are available only for Nomiswap !
NMX farming bonuses
1. Referral Farming Reward. Receive every day from 5% to 10% of the amount of NMX, farmed by your direct referrals.
For example, you have 4 direct referrals. Your farming level is MAX and your direct referrals have farmed 18 NMX today. If so, your bonus today is 1.8 NMX (i.e. 10% of 18 NMX).
2. Team Farming Reward. Earn 5% to 20% of the amount of NMX, farmed by your weak team.
For example, your left team turned out to be weak today, as they farmed 46 NMX tokens in total (while the strong one farmed 60 NMX tokens). Your farming level is MAX. If so, your bonus today is 9.2 NMX (i.e. 20% of 46 NMX).
All bonuses are cumulative!
You get all kinds of bonuses that you earn. Both for the trading of your referral structure and for farming of your referral structure. This is what makes the Nominex Referral Program unique.
From the examples above, the total bonus for the last day will be:
Referral Trading Reward: 32 USDT
Team Trading Reward: 34 USDT
Referral Farming Reward: 1.8 NMX
Team Farming Reward: 9.2 NMX
Amount: 66USDT and 11.0 NMX
The amount of each type of reward in the referral program corresponds to the level of farming, and the level of farming is determined by the number of funds that you personally have invested in the liquidity pools for NMX farming.
How to become a liquidity provider and increase your farming level? Read here
All your statistics on rewards, which we just talked about, can be seen here: https://nominex.io/my/referrals/