# Referooor Program

## Overview

| Tier      | You can earn | Traders' Discount |
| --------- | ------------ | ----------------- |
| Tier 1    | 5% Rebates   | 5% Discount       |
| Tier 2 OG | 10% Rebates  | 5% Discount       |

Any user of a referral code will enjoy a 5% discount on the trading fee.

## How it works

### 1. Join the Referoor Program

[Navigate to the Referral page on Lexer.Markets](https://app.lexer.markets/referrals) and follow the instructions.

### 2. Invite your frens to use LEXER 

Share your unique referral link through your social channels. You can use our Affiliates Resource Center for promotional best practices, guides, videos, and more.

### 3. Earn your unlimited rewards!

For every trade from your frens, you’ll earn at least 5% of trading rebate - no limits!

## See how much you could earn

Sarah invites three frens, John, Emma, and Michael. 

The one-week trading volume for each fren was:

* John: $30,000
* Emma: $4,000,000
* Michael: $500,000

Since Sarah referred 3 frens with her referral code, as a Tier 1 member, she is eligible for a 5% rebate from her frens' Lexer trading fees.

To calculate her rebate, we multiply the total trading volume of her referred frens ($10,000 + $2,000,000 + $300,000) by the trading fee discount of 5%. Then, we apply the 5% rebate, resulting in a total rebate of $135.9 worth of ETH for Sarah.<br>

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