What is the Kinesis referral program? The Kinesis referral program has been designed to encourage adoption and use. Whenever a user signs up for a Kinesis Money account, they automatically receive a unique referral ID which is a link they can send to their network. Anyone that signs up under your referral link and transacts with Kinesis currencies will be attributed to your referral ID. A referrer receives a 7.5% recurring, passive Referrer's yield based on your referral network's total transaction fees, in any one month, as explained in this short video, from our Learn & Earn series. For more information on yields, please visit our yields page or check the yields category in the Knowledge Base. Kinesis Silver Rewards Additionally, thanks to the Kinesis Referral Silver Rewards program all new referrers and their invited users who sign up to Kinesis Money with the unique referral link and meet the reward criteria outlined in this article. Importantly, new referrers can also be invited to the Kinesis system with the 'send-to-email' function, which automatically qualifies both referrers and their referees for the silver rewards. How do I qualify for the Referrer’s Yield? What makes me eligible? In order to be eligible for the Referrer’s Yield, all you need to do is introduce people you know, or businesses to Kinesis, by sharing your unique referral link with them. You’re then automatically entitled to 7.5% of all their transaction fees accumulated from their spending of KAU, KAG and crypto, as long as your referees are KYC-verified and remain active. How do I qualify for the Referrer’s Yield? - Guide 1 year ago Updated The Referrer’s yield is designed to reward Kinesis users for inviting new participants into the Kinesis Monetary System. There are a small number of requirements that need to be satisfied in order for you to receive any type of yield reward. In order to receive any type of a yield: Your account has to be fully ID verified through the KYC process, as explained in this article. Your account (or your linked addresses) cannot be suspended nor blacklisted Your account has to meet the specific conditions of each yield. The amount of the Referrer’s yield you will receive is dependent exclusively on the transactional activity of your referees and not yours. The only specific condition, in this case, is to ensure that all new users you recommended Kinesis to, have signed up using your unique referral link and then verified their identity through the KYC process, in order for Kinesis to register them as your referrals. What you need to do: Importantly, you will need to share your referral link with potential new users before they sign up. You can easily locate it: DESKTOP: on the left-side navigation panel of your Kinesis account, on the REFER tab. You can email your unique referral link to your prospective referee straight from there. MOBILE APP: in Settings, under the Referrals option. A new user that signs up with your Referral link will be linked to your Kinesis Money account as a referee. You will receive a confirmation email that this has occurred, although for privacy reasons the referee will not be identified. What your referee needs to do: Your referee needs to ensure that your unique referral link is used while signing up. Your referee then needs to fully verify identity through the KYC process (Tier 2), outlined in this article. After that happens, you’re entitled to the perpetual, monthly 7.5% share of all qualifying transaction fees your referee has generated, as outlined in the How is Referrers Yield calculated? article. *Please note that if your referee transacts to/from an external wallet, this must be linked to your referee’s Kinesis Money account, as explained in this article. Should my referees link their Wallet accounts for me to receive my Referrer’s yield? 1 year ago Updated Referrer’s yield transaction fee pool is not exclusively limited to the Kinesis Money account activity. Fees generated by transacting KAU, KAG, fiat and cryptocurrencies between standalone wallets, are applicable for the yield as well. All external wallets must however be linked prior to the yield release, as Kinesis calculates and checks your referee’s transactions across all addresses linked to your Referee’s Kinesis Money Accounts. Although the vast majority of Kinesis users will be required to take no action, we still urge all participants to check that all their addresses are listed in the address linking widget on the Kinesis platform. We would like to emphasise that all unlisted addresses will not generate a yield. This is why it is imperative that all users follow the steps to ensure all addresses, between which you and your referees transact assets, are linked and listed. A comprehensive linking walkthrough can be found under this link. Referral Silver Rewards - Terms and Conditions 6 months ago Updated Thanks to the Kinesis Referral Rewards program all new referrers and their invited users who sign up to Kinesis Money with the unique referral link and meet the reward criteria outlined below, will be rewarded just for joining and verifying their details. Both the referrer and their referee will receive 1/2 KAG (half an ounce of silver) each that will be credited into their accounts. Criteria to meet for 1/2 KAG Reward: A new user has to sign up to Kinesis using a referral link. A new referred user is required to fully verify his/her identity through the KYC process, outlined in this article. A new referred user is required to trade a minimum of $3000 in KAU, KAG or any crypto-asset on the Kinesis Exchange. Any deposit amount can be used in order to reduce the number of trades required to reach the total trade volume requirement. For example, $100 will need to be traded a minimum of 30 times in order to reach the $3000 threshold. Once these steps are completed, both referees and their referrers, whose unique referral link they have used to join the Kinesis system, will be credited with ½ once of silver each. There is no limit to how many referrers can receive ½ KAG as a reward for inviting new users to Kinesis nor a limit to how many new users one person can refer to Kinesis. There is also no limit to how many new system participants can receive ½ KAG as a reward for joining, as long as they sign up through a referral link. Importantly, new referrers can also be invited to the Kinesis system with the 'send-to-email' function, which automatically qualifies both referrers and their referees for the silver rewards. The 1 oz silver reward is an ongoing feature of the Referrals Rewards incentive, effective from 06.04.2022. Please note that Kinesis reserve the right to change or discontinue this offer at any time at its discretion, whereby it would communicate this decision via email, its website and the recognised Kinesis Telegram group. Any person availing themselves of this offer is required to have signed up to the Terms of Use and completed KYC as appropriate during the application process. In accordance with AML/KYC compliance policy, all accounts verified must be exclusively for the sole owner of the account and not passed on to any third party. Any account that is seen to be circumventing compliance policy will be suspended. How do I qualify for the Referrer’s Yield? What makes me eligible? In order to be eligible for the Referrer’s Yield, all you need to do is introduce people you know, or businesses to Kinesis, by sharing your unique referral link with them. You’re then automatically entitled to 7.5% of all their transaction fees accumulated from their spending of KAU, KAG and crypto, as long as your referees are fully verified and remain active. For a full breakdown please read our comprehensive eligibility guide. Who can become a referrer/ referee? To encourage adoption and use, Kinesis has created one of the world’s best flat referral programs, providing an attractive incentive to bring entire communities, countries and governments into the system of using gold and silver as money, once again. Becoming a referrer simply means that you refer an individual or business to use the Kinesis Monetary System, creating an earning opportunity for everyone involved. How many people can I refer to Kinesis? There is no limit to how many people or businesses you can refer. In fact, the more new users you introduce to the Kinesis Monetary System, the greater the Referrer’s Yield you will be able to generate. Importantly, both you and every new system participant added to your referral network will be rewarded with ½ KAG just for referring or joining and meeting the reward requirements, which in turn incentivises transactional velocity within the system and allows you to earn a bigger yield. How do I qualify for the Referrer’s Yield? - Guide 1 year ago Updated The Referrer’s yield is designed to reward Kinesis users for inviting new participants into the Kinesis Monetary System. There are a small number of requirements that need to be satisfied in order for you to receive any type of yield reward. In order to receive any type of a yield: Your account has to be fully ID verified through the KYC process, as explained in this article. Your account (or your linked addresses) cannot be suspended nor blacklisted Your account has to meet the specific conditions of each yield. The amount of the Referrer’s yield you will receive is dependent exclusively on the transactional activity of your referees and not yours. The only specific condition, in this case, is to ensure that all new users you recommended Kinesis to, have signed up using your unique referral link and then verified their identity through the KYC process, in order for Kinesis to register them as your referrals. What you need to do: Importantly, you will need to share your referral link with potential new users before they sign up. You can easily locate it: DESKTOP: on the left-side navigation panel of your Kinesis account, on the REFER tab. You can email your unique referral link to your prospective referee straight from there. MOBILE APP: in Settings, under the Referrals option. A new user that signs up with your Referral link will be linked to your Kinesis Money account as a referee. You will receive a confirmation email that this has occurred, although for privacy reasons the referee will not be identified. What your referee needs to do: Your referee needs to ensure that your unique referral link is used while signing up. Your referee then needs to fully verify identity through the KYC process (Tier 2), outlined in this article. After that happens, you’re entitled to the perpetual, monthly 7.5% share of all qualifying transaction fees your referee has generated, as outlined in the How is Referrers Yield calculated? article. *Please note that if your referee transacts to/from an external wallet, this must be linked to your referee’s Kinesis Money account, as explained in this article. How is Referrers Yield calculated? 9 months ago Updated The total transaction fees for any given month are calculated for all system participants that Kinesis has registered as your referees. This will include fees generated from their Kinesis Money accounts, as well as any external, standalone wallets that they have linked to their Kinesis Money accounts. These are the specific fees that are included to build up that total: transaction fees (0.45%) generated from all Kinesis blockchain transfers of KAU and KAG, KAU and KAG minting fees (0.45%), Kinesis card purchases (0.22%), all SELL & BUY transactions at the Kinesis Exchange (0.22%). This includes all fiat and cryptocurrencies available on the exchange. All the above points sum up, creating the Master fee pool. 7.5% of the Master Fee Pool is then paid out to Kinesis users as Referrer's Yield. All referrers receive their yield from this portion of the fee pool. In essence, for every 100 KAU you referees generate in fees, within any given month, through the different types of qualifying transactions such as minting, top-ups and trades, you will receive a 7.5 KAU share of it as Referrer’s yield. *Please keep in mind that both you and your referees will have to be fully KYC verified, in order to generate a yield. ________________________________________________________ How does Kinesis convert fiat and cryptocurrency fees into KAU and KAG? On the Kinesis Exchange, fees are collected in different currencies based on the different tradable pairs. Kinesis collects fees in all fiat and cryptocurrencies available on the Kinesis Exchange, depending on which currency pairs are traded. At the end of the day, Kinesis converts the fee currency into KAU and KAG proportionately (50:50). Example 1: 7.5% of all daily KAU fees generated by your referees will then be paid back to you as KAG. The same happens with all KAG transactions, which will be paid back to you as KAG. 7.5% of all daily ETH Exchange fees generated by your referees will be converted to KAU and KAG in 50:50 proportion and then paid back to you. This means that if your referee generates $50 worth of eligible fees on ETH transactions, within any given month, you will receive $25 worth of KAU and $25 worth of KAG, based on their exchange rate, at the end of that month. The same happens to all other crypto and fiat transactions across the Kinesis Exchange. Example 2: Let’s say a referee traded ETH/BTC pair on the exchange, for the value of US $130.00 (subject to fluctuations of conversion rate). On that day, KAU/KAU is $57.00 and KAG is at $24. This way the user will have generated 0.00019 KAU and 0.0004469 KAG in Yield payment. All these calculations occur daily, however, you will receive your yield monthly. ________________________________________________________ Is there a minimum transactional threshold to generate a yield? No, there is no minimum threshold. However, only fees that are big enough to place a trade with KAU and KAG (that is, fees that amount to a minimum of 0.00001 KAU or 0.00001 KAG) will be displayed on the Yields Dashboard and counted as a transaction for the daily calculation of the Referrer’s Yield payment. If the fees collected are too small to place a trade with KAU and KAG (less than 0.00001), they will be stored and carried towards the next day, until sufficient fees are collected. Should my referees link their Wallet accounts for me to receive my Referrer’s yield? 1 year ago Updated Referrer’s yield transaction fee pool is not exclusively limited to the Kinesis Money account activity. Fees generated by transacting KAU, KAG, fiat and cryptocurrencies between standalone wallets, are applicable for the yield as well. All external wallets must however be linked prior to the yield release, as Kinesis calculates and checks your referee’s transactions across all addresses linked to your Referee’s Kinesis Money Accounts. Although the vast majority of Kinesis users will be required to take no action, we still urge all participants to check that all their addresses are listed in the address linking widget on the Kinesis platform. We would like to emphasise that all unlisted addresses will not generate a yield. This is why it is imperative that all users follow the steps to ensure all addresses, between which you and your referees transact assets, are linked and listed. A comprehensive linking walkthrough can be found under this link. Referrer's Yield - Everything You Need to Know 1 year ago Updated What is Referrers Yield and how to start earning it? The Referrer’s yield is designed to reward Kinesis users for inviting new participants into the Kinesis Monetary System, by rewarding referrers with a perpetual revenue share of each fee taken on every single transaction their referees make, every month on every transaction that is made. In order to be eligible for the Referrer’s Yield, all you need to do is introduce your friends, family members, or even businesses to Kinesis, by sharing your unique referral link with them. You’re then automatically entitled to 7.5% of all their transactional fees, accumulated from their trading, sending and spending of KAU and KAG, as well as all other fiat and cryptocurrencies available within the Kinesis Monetary System, as long as your referees remain active. ________________________________________________________________ Who can become a referrer/ referee? To encourage adoption and use, Kinesis has created one of the worlds’ best flat referral programs, providing an attractive incentive to bring entire communities, countries and governments into the system of using gold and silver as money, once again. Becoming a referrer simply means that you refer an individual or business to use the Kinesis Monetary system, creating an earning opportunity for everyone involved. This can be: a private individual referring friends or family, someone wanting to establish a business to refer investors/users into Kinesis, an online influencer, online marketer or affiliate, a person or business wanting to refer other businesses or broker/dealer operations in, a pre-established business wanting to enrol their clients in the Kinesis Money system. ________________________________________________________________ How many people can I refer to Kinesis? There is no limit to how many people or businesses you can refer. In fact, the more new users you introduce to the Kinesis Monetary system, the greater the Referrer’s yield you will be able to generate. Every new system participant added to your referral network will in turn incentivise transactional velocity within the system and allow you to earn a bigger yield. ________________________________________________________________ Do I have to be an active user in order to be eligible for the Referrer’s Yield? No. The Referrer’s yield does not require you to have any balance on your Kinesis Money account. Your referrer’s yield is determined exclusively by your referees’ transactional activity, even if you are not an active Kinesis user yourself. However, your account must be fully KYC verified and not suspended to continue receiving yields. ________________________________________________________________ I joined Kinesis before the Yield Engine launch. Is the first Referrer’s yield retroactive? Yes, all Kinesis Yields, including the Referrer’s Yield, are retroactive. You will have been credited with all qualifying yields accrued from the beginning of your referees’ activity, between the 4th April 2019 and the 30th November 2021. ________________________________________________________________ Is there a minimum volume my referees have to transact monthly/daily for me to qualify for the Referrer’s yield payment? No, there is no minimum transactional volume requirement, as long as your referees remain active. You will receive a 7.5% share of every transaction (trading, sending and spending) your referee has made throughout the specific month. ________________________________________________________________ What is the Referrer’s yield paid in? All transaction fees generated by your referrer, in crypto and fiat currencies, are converted into KAU and KAG proportionally (50:50) at the end of the day. You will receive a yield in gold and silver (50:50) ) on all public (not native to Kinesis) crypto assets, available on the Kinesis Money Exchange, transacted by your referee. You will also receive a yield in gold on all Kinesis gold (KAU) and a yield in silver on all Kinesis silver (KAG) transacted by your referee. ________________________________________________________________ Where and how often will I get paid? All activated yields are paid monthly, in the first week of each following month, for all yields accrued in the previous month. Your earned yield will be paid into your Kinesis Money KAU and KAG Account. You can keep track of your yield via the YIELDS dashboard on the Kinesis Money platform. Additionally, you can track the total number of your referees, generated fees and total activity breakdown for each referee, via the REFER dashboard (to be released in January 2022) on the Kinesis Money platform. ________________________________________________________________ Where can I find my unique referral link on my Kinesis Money account? Every Kinesis Monetary system user is automatically provided with a unique referral link once joining. You can easily locate it on the left-side navigation panel of your Kinesis account, in the REFER section. You can also email your unique referral link to your prospective referees straight from there, or share your referral link via social media.