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  • 1. WICRYPT WHITEPAPER
  • 2. INTRODUCTION TO WICRYPT
    • 2.1 Issues with Current ISPs
    • 2.2 Sketch of Current ISPs Issues
    • 2.3 Wicrypt Mission
    • 2.4 Long-Term Mission
    • 2.5 Product Summary
    • 2.6 Organizational Model
  • 3. PRODUCT TECH STACK
    • 3.1 Hardware (Hotspot Hub)
    • 3.2 Outliers (NFT Hotspot Hub)
    • 3.3 Firmware (Operating System)
    • 3.4 Mobile App
    • 3.5 Cloud Servers (Distributed Network)
    • 3.6 Wicrypt Explorer
    • 3.7 Wicrypt Quality Assurance
  • 4. TOKENOMICS
    • 4.1 Wicrypt Network Token ($WNT)
    • 4.2 Proof-of-Stake (PoS)
    • 4.3 Governance
    • 4.4 Payments
    • 4.5 Incentivisation Layer & Stake-to Model
  • 5. TOKEN ECONOMY
    • 5.1 Token Circulation & Value Accrual Model
    • 5.2 Stake-to Model & Staking Score
      • 5.2.1 Weighted Rewards Distribution
      • 5.2.2 Staking Rewards vs Volume Rewards
      • 5.2.3 User Cashback & Volume-Rewards Limiters
      • 5.2.4 WNT Lockups
    • 5.3 Incentivisation
      • 5.3.1 Infinite Rewards Distribution
      • 5.3.2 Distribution Streams
    • 5.4 Host Revenues and Rewards
      • 5.4.1 Host Rewards - Rewards Formula
      • 5.4.2 Penalisation of Hosts
      • 5.4.3 Location Based Bonus
      • 5.4.4 Reinvestment Bonus
      • 5.4.5 Tradability of Digital NFT Hubs
    • 5.5 Wicrypt Revenue Streams & Value Accrual
    • 5.6 Referral Provision Bonus
  • 6. FUTURE ROADMAP
    • 6.1 Stimulus Loans
    • 6.2 Decentralized Storage Cloud
    • 6.3 NFT-Based Router Recovery
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  1. 5. TOKEN ECONOMY

5.6 Referral Provision Bonus

Any Wicrypt user can use a mobile application to invite other people to join the network and start using Wicrypt features. There are 2 benefits of making an invitation.

First, 10% of volume (please refer to ‘staking rewards vs volume rewards’ chapter for more details) will be accounted for as the volume generated by referring uses, for the purpose of volume rewards calculation.

On top of this, if the referred user becomes a host, the referring party receives a predefined % of that host revenue (exact % dependent on referring party stake level, please refer to the ‘Incentivisation’ section for more details).

Hosts referred by other users will see the % of the price that will be deduced as a part of a referral fee, and the final net amount they will receive after it’s deducted, so they can adjust the gross price respectively, if they feel it’s needed.

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Last updated 2 years ago

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