Referral Program 2.0 details - What does it mean and how to count your rewards?

Referral Program 2.0 details - What does it mean and how to count your rewards?

29/05/2023
2 minute read

The 2.4.0 Imota Wallet version is updated in App Store and Google Play. This latest version also updates the new policy “Referral Program ver 2.0”, which applies from 19/04/2023 for all users.
 
With each account created successfully via referral code, all you and your downline will receive 5 BUSD (temporarily locked). To unlock this reward, you need to accumulate the reward by doing transactions.
  • Each $1 in downline’s transaction fees will accumulate $0.25 for themselves and $0.25 for their upline
  • Conditions to receive the rewards: you need to complete the KYC level 2 and accumulate enough 10 BUSD
  • The reward is released every Friday.
 
Below is the new interface of the Referral Program in the app and the meaning.
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  1. Locked: The amount of reward when downlines enter your referral code or when you enter your upline’s referral code (temporarily locked)
  1. Stacking Unlock Balance: For each $1 transaction fees of downline (or yours if you are downline) you will be added $0.25 on this item (the reward moves from Locked to Stacking Unlock Balance)
  1. Total invited: Number of your downlines who enter your code
  1. Claimed: The amount of reward is distributed successfully
  1. You applied code: Your upline’s referral code. For your code, click on the “i” icon in the right corner of the Referral Program
  1. Gas paid total: If you pay up to 20 BUSD for gas fees, you will unlock your locked 5 BUSD and your upline’s 5 BUSD too.
  1. Last request: the last time you received BUSD to your wallet
The meaning of this new policy will help you increase the amount of rewards for yourself and your downlines every time you refer someone successfully. The way to accumulate on each $1 gas fee is more beneficial for both parties, when the investment both achieve your purpose and help you increase rewards with the Referral Program.
Currently, Imota has updated the KYC level 2 for all users. During this time, the additional verification methods are being supported for the convenience of global users. Basically, Imota's global users are eligible to participate in the program and accumulate rewards.
LEVEL UP YOUR OTARA MINING POWER with Referral Program- The more you invite, the more Otara you get!
 
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