🌟UniFi Referral System (URS)

A new narative

Overview

The URS is inspired by the success of Ethereum Name Services (ENS) and introduces a unique approach to referral codes, enabling users to benefit from reduced fees and additional incentives.

Referral Codes

Each UniFi referral code is a 5-character string, such as "LAMBO," "UNIFI," "MEMES," etc. These codes are unique and can be transferred as Non-Fungible Tokens (NFTs).

The default referral code for the treasury is “UNIFI.”

Obtaining Referral Codes

Participants in the pre-sale will receive a referral code for free.

Users can mint new referral codes for 0.01 ETH or 10 $UNF, with all funds contributing to the treasury for system support.

Fee Reductions

Applying a referral code during trades reduces buy/sell fees by 2%, directly deducted from the treasury fee and returned to the user.

Referral code owners receive an additional 0.5% from buy/sell fees, enhancing the protocol's give-back mechanism.

Fee Structure

The standard treasury buy fee is 2.5%, and the sell fee is 4.5%. When a referral code is applied, basically all 2.5% buy fee will go back to the community, and the treasury retains only a 2% sell fee.

Referral Points

Owners of referral codes accumulate referral points when others apply their code.

Applying different codes deducts points from the code owner, ensuring an organic and dynamic point system.

Referral Code Transfer

Transferring a referral code NFT transfers ownership, accumulated points, and fee benefits to the recipient.

Applying Referral Codes

Users must apply an existing referral code to avail themselves of fee reductions and other benefits.

Referral code owners cannot refer themselves to maintain organic growth.

URS Marketplace (coming soon)

Stay tuned for the upcoming URS marketplace, offering exciting opportunities for users to explore and trade referral codes.