Referring (Influence)
The TLN Protocol programatically rewards users for conducting actions which are beneficial to the ecosystem. This includes direct, and indirect, referrals for up to 20 layers of influence.
As a referrer (or influencer), you can collect TLN Plus tokens (think of them as decentralized reward points) and in certain situations TLN X tokens when you conduct certain actions which benefit the overall ecosystem. TLN Plus tokens and TLN X tokens are minted by, and distributed for free by, the smart contracts.
TLN Plus tokens and TLN X tokens are able to be swapped for any token provided by market participants from time to time. In addition, they can be burned for certain benefits within the TLP Protocol.
TLN Plus tokens can best be thought of as a measure of borrowing capacity of v$s (VOW dollars).
To use your TLN Plus tokens you must post VOW tokens as collateral in the decentralized loan contract and simultaneously burn TLN Plus tokens.
This allows you to directly borrow v$ from another participant if they have chosen to become a lender. TLN Protocol ensures only those people who add the most value to the ecosystem can access the most benefit.
Understanding the Referral Plan Table
Influence:
Your Sphere of Influence represents how many levels deep a referrer can collect rewards from within their referral network.
For example, if a member directly refers 10 people, they can collect rewards from up to 10 levels deep in their network.
Title:
Your title is determined by the amount you’ve staked:
Members with over $10,000 of PancakeSwap generated Liquidity Pool tokens staked are designated as Qualified Liquidity Providers (QLPs).
Lower staking amounts correspond to the Liquidity Provider (LPs) title.
The minimum staking amount of PancakeSwap generated Liquidity Pool tokens is $500.
Staking Rewards:
Referrers collect a percentage, denominated in TLN Plus tokens based on the USD value of the staking amount in their network.
These percentages decrease with deeper levels in the referral Sphere of Influence :
Level 1: 20% for LPs & QLPs.
Level 2: 15% LPs & QLPs,
Level 3: 10% LPs & and QLPs
The percentages of TLN Plus collected for QLPs continue as follows:
Level 4 to 6: 5%
Level 7 to 15: 2%
Level 16 to 20: 1%
Additional Benefits:
TLN Plus tokens earned through referrals can be utilized to increase borrowing capacity or traded on DEX markets.
The full chart of available rewards in the TLN Protocol can be reviewed below.
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