There was a lot of confusion surrounding the referral bonuses. Let us explain the reward system by using a practical example. Consider two participants, Alice and Bob.
Alice invited Bob into a project. Bob entered the project and contributed 1 ETH. When the seed fund is over, the tokens will be distributed in the following way. Bob will receive 10% bonus for using the promo code. In addition, the Day multiplier (we will consider Day 1 in this example) will grant him an additional 50% bonus.
In the end, when the tokens are calculated, Bob’s contribution would be as if he contributed 1.6 ETH, rewarding him with a corresponding amount in tokens. As for Alice, as the person who invited Bob, she receives 5% cashback of the ETH Bob contributes. This function is already in place and those who invited people are receiving 5% cashback from the smart contract.
Moreover, additional 5% of the contributed ETH will be credited to Alice in the form of tokens. This reward, unlike the cashback, is influenced by the Day’s multiplier.
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