Details of Invite Rebate（ETH only)

Element encourages users to invite friends to share the fun of trading while enjoying trading, and at the same time, they both can get rich rewards.

1. How to invite friends?

Enter the invitation page, click invite friends or copy the invitation link, and share this link with your friends.

2. How is the invitation successful?

Friends open the invitation link to enter the activity page, click to Accept invitation, and establish an invitation relationship. When a friend completes a purchase, it is regarded as a valid invitation. You can get rewards. Note: Invitee must be using Element for the first time.

3. Invitation reward rules

❗️Content update (UTC 0) 2022 / 09 / 12

The invitees get a percentage rebate according to their level. The higher the level, the higher the percentage of rebate.

	White（ELE）	Green（ELE）	Blue（ELE）	Purple（ELE）	Gold（ELE）
Rebate ratio	10%	20%	30%	40%	50%

According to the reward obtained by the buyer, the rebate will be proportionate. The higher the level, the richer the rebate will be

Level	Rebate Proportion	Invite Reward（ELE）	Total transaction volume of Invitees (ETH)
White	10%	20	Application required
Green	20%	25	2500
Blue	30%	30	5000
Purple	40%	35	10000
Gold	50%	60	20000

Examples:

User a invites user B to purchase an NFT with a pending order in the element market at a price of 1 eth, and user B can get a trading reward of 25ele.

If user a's level is gold, user a can get 50% of user B's reward, which is 12.5 ele.

4. Gas Rebate Calculation Rules（ETH only)

❗️Content update (UTC 0) 2022 / 09 / 12

Gas fee rebates is modified to: 5 ELE rebates for individual own market transaction,

2 ELE for aggregate transaction, and 50 ELE cap for single transaction

Valid until 22.11.5