FAQ

How to choose which token to recommend or promote?

We strongly recommend that you share the token you value and believe in – it is a personal decision. The rewards are paid out daily by incentivising the holding of the tokens. Therefore, it is advisable that you recommend those tokens that you believe will also retain value and potential over time. Another way to assess which token you would like to recommend or promote is by looking at the Daily Farm Rewards and Estimated APR.

How are my rewards calculated (how much can I earn)?

You earn a share of total daily rewards based on the amount of tokens purchased via the referral link (either the link you shared with others, or the link shared with you). This amount represents your “position” in the referral farm. You earn a portion of the daily rewards based on your share in the total “farm position”. The higher your share of the total position, the bigger portion of the daily rewards you earn. Your own “position” can increase if you buy more tokens (or someone buys via our referral link), or decrease if you sell your tokens (buy and hold mechanism). For more details check the rewards distribution and example.

How do I join a referral farm and start earning rewards?

There are two ways to earn farming rewards: 1) When someone buys the recommended token via your referral link; 2) when you buy the recommended token via someone else’s referral link.

What is the Estimated Referral Rate and how do I use it?

This is the current annualised rate that referrers earn for the amount of tokens purchased via your referral link. It is an estimated rate which changes daily depending on the total amount of tokens purchased via all referral links (total farm position). For example, the higher the total amount purchased (higher total farm position), the lower the referral rate you would earn and vice versa. Therefore, you may use this rate only as an estimate of your future earnings.

What is the Estimated APR and how do I use it?

This is the current annualised rate that buyers earn for the amount of tokens purchased via someone's referral link. It is an estimated rate which changes daily depending on the total amount of tokens purchased via all referral links (total farm position). For example, the higher the total amount purchased (higher total farm position), the lower the APR you would earn and vice versa. Therefore, you may use this rate only as an estimate of your future earnings.

What is the difference between Estimated Referral Rate and Estimated APR?

The difference is only in naming to make it more clear for the users: Estimated Referral Rate is applicable to referrers and Estimated APR to buyers. Note that Referral Rate and APR are will always be the same as both referrers and buyers earn the same exact rate (only the naming is different).

On which DEXs and blockchains can the tokens be bought via the referral link?

At the moment, only purchases of tokens via Uniswap and Sushiswap on Ethereum are supported and considered as sucessful referrals. Purchase of tokens on another DEX will not entitle you for rewards.

What if I buy a token via CEX?

At the moment only purchases of tokens via DEXs are supported and considered for successful referrals.

What is "ATTR (12m vest)" token?

This token is used to reward users who join referral farms sponsored by Attrace protocol. This token has 12 months vesting rules and upon vesting can be redemed/swapped for the actual ATTR token. The vesting period starts from the moment that one claims the rewards in this token. Each month 1/12 of the claimed amount becomes vested and it can be swapped for ATTR token.

What is the protocol fee?

The protocol fee of 5% is a service fee paid by those who create a referral farm. It is automatically deducted from referral farming rewards. The protocol fee is distributed to Oracles and users of Attrace Referral Farm (60% allocated to Oracles; 40% allocated to Attrace Referral Farm).

What is the difference between a referred token and reward token?

A Referred token is the token which is being promoted or recommended. People are incentivised to “spread the word” about that token with the rewards deposited in the referral farm. A Reward token is the token deposited for rewards. While the reward token can be the same as the referred token (especially in the case of fungible tokens - e.g., erc20), it can also be different (decision of those who create referral farm)

Can I redirect Attrace referral links?

Various times Attrace received questions about the possibility to arrange custom links, domain / custom style instead of the Attrace string of characters (which among other info contains public wallet addresses of promoters).

Of course, it is possible to redirect from any link or use URL shorteners like bit.ly etc. 

However, this is not provided by Attrace as this is not very web3. Thing is, redirecting links means: 

• tracking users 
• centralized storage

Both are fundamental for referral links in web2. 

Both create fundamental problems with referral links in web2, 

trust, transparency and data privacy problems that have been refraining performance based marketing from reaching its full potential in web2. 

So yes, you can redirect Attrace links should the situation so require, 

you would still be connecting web2 outreach with web3 assets and services, 

however, you would not be operating in a fully trustless and transparent environment anymore…