🎉Point & Referral

📈 New XP Reward Program

XP is rewarded based on your activity on the Trade and Earn pages.

🟢 Trade Actions

• XP = Trading Volume × 10%

🟡 Deposit Actions

• XP = Deposit Value × Time Weight × 5%

  • Deposit Value = Amount of fsWL(E)P × WL(E)P price at the time of reward distribution

  • Time Weight = Deposit duration in seconds ÷ 86,400 (seconds in a day)

    → Measures how long you held the deposit within a 24-hour period

✅ XP is distributed daily at 00:00 UTC, and can be checked on the Point page.

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🤝 Referral Program

waveX supports both two-way and direct/indirect referrals.

👥 Relationship Structure

• When User A invites User B, B is referred to as A’s Friend¹.

• If User B then invites User C, C becomes B’s Friend¹ and A’s Friend².

🧾 Reward Rules

Case 1: A invites B, and B trades or deposits

• A earns 10% of B’s action XP as referral points.

• B earns 5% of their own action XP as referral points.

Case 2: B invites C, and C trades or deposits

• A earns 5% of C’s action XP as referral points (Friend²).

• B earns 10% of C’s action XP as referral points (Friend¹).

• C earns 5% of their own action XP as referral points.

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🔗 How to Check Your Referral Code

1. Go to the Referral page

2. Connect your wallet

3. Click Invite Friends

4. Your referral code will be displayed under My Referral Code

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📝 How to Register a Referral Code

1. Go to the Referral page

2. Connect your wallet

3. Click Register Code

4. Enter your friend’s referral code

⚠️ You can only register a referral code once.

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ℹ️ Notes

• You cannot register your own code or be listed as Friend² of your wallet.

• If you make a deposit on the same UTC day that you register a referral code, XP will also be counted for deposits made earlier that day.

• Referral points can be viewed in real-time under Extra Points on the Referral page.

• Final XP distribution occurs daily at 00:00 UTC and will appear on the Point page. Therefore, numbers on the Referral page and Point page may differ slightly.