# Snaip Referral Program

{% hint style="success" %}
Our referral program is designed to reward you for inviting others to trade on Snaip. The program operates on a **3-tier system**, ensuring that you earn from both direct and indirect referrals.
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## Referral Tiers Breakdown

<figure><img src="/files/Fa6ccdGxraM3YBZDrNkN" alt=""><figcaption><p>A visual breakdown of each referral tier.</p></figcaption></figure>

## **Tier 1 - Direct Referrals**

Earn **25%** of Snaip’s **1% fee** on every trade made by users you directly refer. This tier rewards you for bringing in new traders directly to the platform.

## **Tier 2 - Indirect Referrals**

Earn **3%** of Snaip's **1% fee** on every trade made by users referred by your direct referrals. This tier allows you to benefit from your network's growth as your direct referrals invite others.

## **Tier 3 - Extended Referrals**

Earn **2%** of Snaip's **1% fee** on every trade made by users referred by your indirect referrals. This tier maximizes your earning potential, even from extended connections within your referral network.

{% tabs %}
{% tab title="✨ Example Calculation" %}
Let’s say you refer a user who generates **$10,000** in trading volume:

* **Tier 1:** You earn **25%** of the **1%** fee on the $10,000 volume, which equals **$25**.
* **Tier 2:** If your referral brings in another user who generates $10,000 in volume, you earn **3%** of the **1%** fee, totaling **$3**.
* **Tier 3:** If this second user refers yet another person who also generates $10,000 in volume, you earn **2%** of the **1%** fee, which is **$2**.
  {% endtab %}
  {% endtabs %}

## Payouts

Referral rewards are distributed every 24 hours at **00:00 UTC** and are automatically airdropped to your **Snaip Wallet**. Each blockchain has its own payout threshold, outlined below:

* **Solana:** 0.05 SOL
* **Base:** 0.005 ETH
* **Ethereum (ETH):** 0.015 ETH
* **Binance Smart Chain (BSC):** 0.01 BNB

{% hint style="info" %}
If you delete your existing wallet and create a new one in **Snaip**, your payouts will be redirected to the newly created wallet.
{% endhint %}


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