# Referral & Affiliate

*For enquiries regarding the referral & affiliate program, please contact* [*http://t.me/johnnyCP*](http://t.me/johnnyCP)*.* 

### 📌 1. Introduction

Krystal’s Referral & Affiliate Program is designed to reward users, creators, and liquidity providers for driving real usage and liquidity into Krystal.

By sharing your referral link, you can earn passive income generated from your network’s trading yield — including LP fees and reward incentives.

> Your network’s yield = Your passive income

***

### 🧩 2. Key Definitions

| Term                  | Description                                                                                         |
| --------------------- | --------------------------------------------------------------------------------------------------- |
| **Referral User**     | Any user who invites others to use Krystal and earns basic rewards.                                 |
| **Affiliate Partner** | Verified users who can build a 3-tier sub-affiliate network and share profit with their downstream. |
| **Elite LP Member**   | Hand-picked top LPers who enjoy higher profit-sharing rates and exclusive access.                   |
| **Profit Sharing**    | % of Krystal platform revenue shared back to users and affiliates.                                  |
| **Commission**        | The share of profit an affiliate receives from their network.                                       |
| **Cashback**          | A portion of commission paid directly to invited users to incentivize trades/LP actions.            |

***

### 🔁 4. Referral Program

#### 🎯 Objective

Boost initial user growth, incentivize trading & LP activities.

#### ❗ Key Rules

* Anyone can become a referrer
* Simple 1-level reward flow
* No sub-affiliate structure yet

#### 🧠 Flow

1. User generates referral link
2. Friend joins Krystal using link
3. Friend performs actions (trade / LP)
4. Referrer earns cashback from friend’s yields

> Designed for first-time users & mass campaigns

***

### 🧱 5. Affiliate Program

#### 🎯 Purpose

Enable professional influencers, communities, and LPers to **earn from their own network** with **3 levels of sub-affiliates**.

#### Key Characteristics

* Controlled onboarding (approved by Ops)
* Each affiliate manages who to share commission with
* Commission always flows **Top → Bottom**

#### 💡 Commission Logic

Example: Affiliate A receives **50% platform revenue**

→ This 50% is treated as **100% commission**

A adds A1 → shares 80%

→ A1 receives 40% profit share

A1 adds A2 → shares 50%

→ A2 receives 20% profit share

Commission distribution = **A → A1 → A2**

Only **first valid parent** owns the new wallet permanently

***

### 🧮 6. Commission & Cashback Mechanics

* Affiliate decides % cashback to give sub-affiliates
* Cashback is always taken from **their own commission pool**
* Platform revenue never changes — only **distribution** changes

***

### ❓ 7. Case Studies & FAQs

**Case 1**

Wallet A has 20% rate, invites Wallet B (10% rate).

💬 Wallet B will use **its own code**

→ But commission still flows **A → B** according to defined split

**Case 2**

Wallet B is invited by both A1 & A2

💬 The **first inviter** becomes the valid parent.

Invites after that are **ignored**.

**Case 3**

Can any user join Affiliate Program?

💬 No — must be approved by Ops/Admin

(based on performance & community value)

***

### 👑 8. Elite LP Group (Invitation-Only)

A special community of **top-active LPers on Krystal**.

#### 🔥 Exclusive Benefits

* Higher profit-share rate from Day 1
* Access to premium LP alpha & strategies
* Dedicated referral code for community expansion
* They are **the only entry gate** for new Elite members

> To join the Elite Circle →
>
> You must be invited by an existing Elite LP member

This creates a **growth flywheel** driven by the strongest players.

***

### 💰 9. Revenue Model Breakdown

Krystal earns **a percentage of any yield generated** on the platform:

* LP trading fees
* Reward incentives (e.g., Merkl rewards, boosted APR)
* Other platform yield sources

From that revenue:

* A portion is allocated to **profit-sharing pool**
* Distributed to affiliates & users based on hierarchy

📎 A visual one-pager and revenue projection model will be included in appendix.

***

### 🛡 10. Anti-Abuse & Controls

* Affiliate access is **permissioned**
* Wallet linking is one-time & irreversible
* Transparent reporting dashboard (future)
* Ops verify partners before approving upgrades:
  * Performance
  * Community influence
  * Quality of growth