# Referrals

{% hint style="info" %}
Nova has the most rewarding referral program. Invite your friends or fellow traders, and you’ll both enjoy great rewards.
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## Interactive Tutorial 👇

<figure><img src="https://content.gitbook.com/content/KxjTdiYgrbXt6jo8DVAs/blobs/ivvSqtpO78yE6tuqrvqu/Screenshot_16.png" alt=""><figcaption></figcaption></figure>

## Our Tiers for Referrals

<figure><img src="https://content.gitbook.com/content/KxjTdiYgrbXt6jo8DVAs/blobs/bhS44rs4ATFWWDWnwuaG/image.png" alt=""><figcaption><p>A visual representation on the individual tiers.</p></figcaption></figure>

## Referrals are organized into a 3-tier system ✨ <a href="#referrals-are-organized-into-a-3-tier-system" id="referrals-are-organized-into-a-3-tier-system"></a>

1. Tier 1 - Direct Referrals: Earn 30% of Nova’s 1% fee on every trade.
2. Tier 2 - Indirect Referrals: Earn 3% of Nova's 1% fee on every trade.
3. Tier 3 - Extended Referrals: Earn 2% of Nova's 1% fee on every trade.

💡 *See below for an explanation on how each tier works*

{% tabs %}
{% tab title="Tier 1 (Direct Referrals)" %}
For referring people with your unique referral code - you will earn 30% of our fees from any users that came to Nova directly because of **you.**

**Example - Imagine you are Person A:**

* You (*Person A*) share your referral link with a friend, Person B.
* Person B signs up using your link and trades $10,000 in a day.
* Nova's Fee: $10,000 \* 1% = $100
* Your Commission (Person A) : 30% of $100 = $30
  {% endtab %}

{% tab title="Tier 2 (Indirect Referrals)" %}
Users who signed up using a referral link from a user and then share their own referral - you can earn 3% of our fees from their users too.

**Example:**

* Person B shares their referral link with Person C.
* Person C signs up and trades $10,000 in a day.
* Nova Bot’s Fee: $10,000 \* 1% = $100
* Your Commission (Person A) : 3% of $100 = $3
* Person B’s Commission: 30% of $100 = $30
  {% endtab %}

{% tab title="Tier 3 (Extended Referrals)" %}
Users who signed up using a referral link from an indirect referral (Person C) and then share their own referral - you can earn 2% of our fees from their users too.

**Example:**

* Person C shares their referral link with Person D
* Person D signs up and trades $10,000 in a day.
* Nova Bot's Fee: $10,000 \* 1% = $100
* Your Commission (Person A) : 2% of $100 = $2
* Person B’s Commission: 3% of $100 = $3
* Person C’s Commission: 30% of $100 = $30
  {% endtab %}
  {% endtabs %}

{% hint style="success" %}
Nova's generous referral structure means that even with just a handful of direct referrals, you can earn from the trading activity of multiple users at different tiers.
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***

## Payouts <a href="#payouts" id="payouts"></a>

Referral rewards are distributed every 24 hours. The minimum payout is 0.05 SOL; if your balance is below this threshold, your rewards will be sent once your balance reaches the required amount.

{% hint style="danger" %}
Make sure to set up the wallet where you want to receive payouts in the Nova Referrals tab.
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