3.4 Referral Rewards
GREEN incentivizes users to invite new participants to the platform. Users can earn extra mining rewards by referring new users to the app while they also get the signup reward for every users registered under their referral code. This referral system not only fosters community growth but also rewards those who actively promote GREEN.
3.4.1 Referral Signup Reward Formula
The signup reward is set at 1k GREEN per user at the Layer 1 referral level within your downline network. If a user registers under the referral code of one of your direct downline members, you will not be eligible for the referral signup reward, as it is exclusively available for Layer 1 Referrals.
For example:
User A joins using the referral code of User B. In this scenario, User B will receive 1k GREEN as a referral signup reward.
Later, User C joins using the referral code of User B. In this case, only User B will be eligible to receive the referral signup reward of 1k GREEN. This is because User C is a Layer 1 referral for User B. However, if User C starts mining the coin, then all the uplines (up to 5 layers) will receive a portion of the referral mining reward.
3.4.2 Mining Reward Formula
GREEN incentivizes users to invite new participants to the platform. Users can earn extra mining rewards by referring new users to the app. This referral system not only fosters community growth but also rewards those who actively promote GREEN.
For every mining activity by the user, GREEN referral system will allocate extra 25% of the user's mining rate for the referral rewards.
For example: user A mining 10k GREEN, then the system will allocate 2.5k GREEN to be distributed among all user A's upline for the referral rewards. direct upline of user A will get 50% of the allocated referral mining bonus, the next upline will get 25%, the other next will get 12.5% and so on and so forth.
The calculation of the rewards are illustrated as follow:
| Upline's Tier | Extra Reward | Example |
|---|---|---|
Tier 1 | 50% from the 25% of the downline's mining rate | John has recruited Edward. Edward mining the GREEN and get 10k GREEN. then John will receive 50% x 25% x 10k = 1.25k GREEN as a reward |
Tier 2 | 25% from the 25% of the downline's mining rate | Edward has recruited Billy. Billy mining the GREEN and get 10k GREEN. then Edward will receive 50% x 25% x 10k = 1.25k GREEN as a reward, John will receive 25% x 25% x 10k = 625 GREEN as a reward |
Tier 3 | 12.5% from the 25% of the downline's mining rate | Billy has recruited Sarah. Sarah mining the GREEN and get 10k GREEN. then Billy will receive 50% x 25% x 10k = 1.25k GREEN as a reward, Edward will receive 25% x 25% x 10k = 625 GREEN as a reward, also John will get 12.5% x 25% x 10k = 312.5 GREEN |
Tier 4 | 6.25% from the 25% of the downline's mining rate | the same calculation as above, the more deep the tier then the reward calculation will be cut off by 50% |
Tier 5 | 50% from the tier 4's reward | the same calculation as above, the more deep the tier then the reward calculation will be cut off by 50% |
3.4.3 Reward Smart Contract
All the mining rewards are distributed and managed by the reward smart contract. this is on-chain activity that will get triggered automatically whenever a mining activity is started.
Reward Contract Address:
Explorer link: https://explorer.greenchain.app/address/0xcddE9b370B727b5a46add6B1881c5F1055Fe4544
3.4.4 Dynamic Rewards
The referral mining reward rate of 25% of the mining amount is dynamic and subject to change based on the number of active miners and active referral networks. The goal is to ensure fairness and balance within the ecosystem. As the number of miners increases, individual rewards may decrease to maintain network sustainability.
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