Let’s put it blank: referral programs we’ve know so far don’t work. Crypto exchanges are stuck with proposals that most traders find useless. Statistics show that 68% of traders chose not to take part in building any trees and referral levels at all, and 15% stop at level three. The market keeps replicating bi-level solutions that give no real source of income to the starting member. Boring. And not inspiring at all.

If you have a glance at referral programs of all top-15 exchanges, you’ll see a bunch of limitations: only one level of referrals or sponsors, some specific list of tokens that deliver bonuses, sensible delays in bonus accruals, and more, and more. People generally tend to refrain from participating in those at all. No gain expected, and this lack of expectations is fair.

Nominex has set its ambitions high and decided to build something to revolutionize existing concepts. The main idea behind its program is: referrals can become a business of its own, sharing your experience with the project you like and praise can deliver you some major profit. Let’s look at how this works.

What’s on The Menu Today: Spoiler — Basically, Nothing

Majority of crypto exchanges have a simple referral program that rewards traders who succeed in inviting their friends to platforms. The reward is usually in the form of a commission derived from a percentage of the trading fees generated from each direct referral. In this case, the trader has to convince more and more of their friends to join the exchange to receive an additional commission with each new sign up. This work is often tedious and the chances of turning this into a profitable business are low. Success in such an endeavour is reliant on your social media reach and marketing skills.

Nominex referral program is different in many ways. It has several features that are not available elsewhere. One of them is endless size of the referral tree which means you can have not one or two but countless (20, or even 2,000) levels of referees and receive rewards from all these new users invited and trading actively. The program requires no starting spendings at all. It has a binary structure that is very convenient. On top of that, Nominex offers six ways to earn with the program including four types of bonuses from members’ activities. The program is a result of many years of tests, dry runs and experience with other major exchanges, multiple trader polls and deep statistical studies conducted by the founders.

Let’s have a closer look at those features and the ways you can build a fully-fledged business by incentifying new members to join Nominex.

Add Way More Through Your Referrals at Nominex! Even People You Don’t Know

What if I told you that you can get more commissions based on the referrals of your referrals in an ‘exponential’ way? Well, this is how Nominex crypto exchange is rewarding the participants of its affiliate program. The crypto exchange is the first to have unlimited levels of referrals. This means that your commissions are not solely based on the traders you invite directly through your referral link. You also benefit from the referrals of your direct invites through Nominex’s binary tree affiliate structure.

The illustration above shows how many layers (aka levels) the program may have and the number of member in it. Nominex allows you to benefit from as many users as possible. In effect, at some stage, you may start receiving portions of rewards that are generated by people whom you don’t know and have never met. Within your tree, there can be a whole State of Idaho delivering you inflows from their activities. This is something that makes your proceeds potentially unlimited increasing to degrees of hundreds and thousands of USD.

Here is another sample to study: the referral personal account. It shows the depth of your tree, its activity and amounts of commission and bonuses generated. You have a tool that helps balancing efforts and strength of different segment of the community you run. There is an additional benefit of coordinated efforts of your group members; the more you do and the better are you ties, the more effect it brings.

The Binary Tree Affiliate Structure

Nominex has a one of a kind binary tree affiliate structure that allows each member to have only two people in his first affiliate level. In turn, the second level contains four members and the third levels have eight members. Each level of the tree then grows using a multiple of two. The tree structure has unlimited levels thus turning the Nominex referral program into a potentially profitable business for any participant.

Each new user that signs up to Nominex without a referral code, is called a ‘Sponsor’. He then creates two teams through their referrals in the first level. New members are placed at levels below the first one. For example, you invite John and Alice to join. With each new level of sign-ups, there is a spillover effect of rewards as a result of their direct and indirect referrals. This means from now on there are two teams: John’s team and Alice’s teams. The stronger your teams, the more chances of turning your Nominex experience into a profitable business. Both John and Alice can invite two people to their own segment of the tree. And (THE COOL THING) anyone who joins thanks to their efforts, is a part of your tree as well, and you receive a portion of the reward.

You are to balance your own tree. The structure, as we said already, is binary, and it is you who helps your subsidiary team member to make both sides of the tree (teams) stronger. You can help them by bringing more invitees and co-sponsor them. Every member may have only two sponsors, and you are to decide where to channel newly joining members so that bonus and activity flows are arranged perfectly. In our example, you can assist John by helping him add more people on his side. And (ANOTHER COOL THING HERE) they become Sponsors both to you and the person in their segment.

At some stage, you may find yourself managing a big structure full of people you don’t know and never met. Yet, each and every one of these people will contribute to your team result and deliver some bonuses to you as a starter and top tree member. There can be hundreds or even thousands of those people, this number if potentially unlimited. So are you proceed from the tree. Think of earning $1,000K without doing anything. The money available on the spot with no delays and tricky additional conditions.

Types of Rewards And Incentified Activities

Now, that’s where it gets interesting. Nominex offers four types of rewards through its affiliate program: quick start reward, team reward, leadership reward and advancement reward.

Firstly, each Sponsor receives 5% or 8% of the trading fees paid by their direct referrals. This includes everyone in the first level of the binary tree. If you hold 500+ NMX token in your Nominex account, you’ll be entitled to the 8% bonus. These tokens will be available on the exchange before the end of Q1, 2020. 

Secondly, there is the Team reward of $25 every time a participant completes a team cycle. Every team is granted team points (TP) based on the amount of trading commissions. If both your teams earn 250 USDT in trading commissions, the tree is rewarded by 100 TPs.

Thirdly, leadership rewards are awarded each time your direct referrals complete their own team cycle. When this happens, the Sponsor receives 10% of their Team rewards.

There is more to earn via some specials, like an Affiliate rank. The system is very sophisticated: there are ten rankings in total with the Diamond level attained after 100 Team Cycles are achieved in a week. Go and read more in the program description, and you’ll see how this opens extra opportunities.

Nominex is the only exchange that employs four (!) types of bonuses and allows you to earn via six ways of activity. Again, something that has no precedent in the market. Those are:

• Trading commission bonuses that derive directly from trading operations;
• Bonuses from buying of NMX tokens that can be used for commission savings and other utility use;
• Discount cards and packages purchases bonuses. Nominex has designed its pricing policy to allow users planning their spendings;
• Bonuses from acquisition of other tokens placed, sold or distributed on the platform’s launchpad service;
• Gains from NMX tokes sale. Every time NMX owner books profit, you get a cut;
• On top of that, there is an opportunity to earn directly from trading crypto on the platform.

To discover how this works, please have a look at the program that is very convincing to join.

How to Participate

The process of turning your referrals into a scalable business is as follows:

• Create an account with Nominex and confirm your email address
• Locate your unique referral code in your Affiliate Dashboard
• Share this link with your friends, followers on social media and other online communities
• Each new sign-up through your referral link will be displayed in your Affiliate Dashboard
• A minimum of one referral is needed to participate in the program
• Receive four types of rewards as shall be elaborated below
• Select your preferred currency for the withdrawal of your earnings

Summing it Up

Traditional crypto-exchanges have a simple referral program that allows participants to only benefit from new sign-ups who use their unique referral code. Nominex goes a step further and allows its participants to benefit from the various referrals that branch out from their direct referrals through the Binary Tree Affiliate structure. The Binary tree has unlimited levels thus allowing anyone to turn the Nominex affiliate program into a profitable business through the aforementioned four reward types.

The crypto world is still full of uncertainties, and it is not clear whether Bitcoin will skyrocket to its new highs or will stay where it is now. However, the universe of digital currencies offers plenty of opportunities to trade successfully and make daily profit. This is why recommending the new exchange with an easy and convenient interface is definitely a good thing to do. What’s important is, once you invite a friend to join, his or her activities will start working for your mutual benefit, i.e. you personally will receive an inflow of rewards as well.

The more people you invite, the more solid grounds your business will get. And at some stage you might notice that you don’t have to work at all anymore, focusing completely on this new impressive community incentive system of Nominex.