> For the complete documentation index, see [llms.txt](https://blockwise-1.gitbook.io/blockwise/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://blockwise-1.gitbook.io/blockwise/bw-referral-system.md).

# BW Referral System

Bloackwise uses an on-chain referral system built with `veBW`. Users will be able to generate a referral to share with others in order to earn a 5 to 12% share of the fees each time a trade is made using the referral link. The rate depends on the tier reached by that referrer — the more volume you generate, the higher the tier. Users of the referral link will benefit too — they earn lottery tickets (tranches based on volume) that will give them access to a weekly lottery.

* *Referees*: Users who are trading through a referral link can accumulate tickets that will entitle them weekly participation in a lottery.
* *Referrers*: Anyone who creates a referral link on Blockwise has the ability to become a referrer. In order to receive a share of the fees generated by each of their swaps, the referrers can then share the link with users.

The referral system is open for everyone — users and protocols.

### **Referral system rewards specifications** <a href="#referral-system-rewards-specifications" id="referral-system-rewards-specifications"></a>

#### Referrers <a href="#referrers" id="referrers"></a>

* *Tier 1*: $0 < V < $30,000 → 5% of trading fees generated by referees
* *Tier 2*: $30,000 < V < $150,000 → 6,5%
* *Tier 3*: $150,000 < V < $1,000,000 → 8%
* *Tier 4*: $1,000,000 < V < $10,000,000 → 10%
* *Tier 5*: V > $10,000,000 → 12%

#### Referees <a href="#referees" id="referees"></a>

Swap at least $500 worth during an Epoch to get 1 ticket.

V = Volume generated during an Epoch


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