How to be Shield’s Spark (Broker)
Shield makes use of a decentralized brokerage system to incentivize brokers to educate and provide consulting services to the traders they bring in. The rewards for referrals and affiliations will be completely on-chain, making even the brokerage a trustless process. This enables Shield to create a positive feedback loop and momentum, solving the transparency problem in the traditional brokerage system.
Shield uses a competition-based commission rate system as a method to incentivize more referrals. Brokers are divided into three different categories, based on their performance, and different brokers receive different commission rates. The top 20 brokers will be classified as level A, 21-50 as level B, 51-100 as level C, and the remaining brokers in level D.
Take a look at the table below for the commission rates for each level.
Level/Ranking
A
B
C
D
Performance
1-20
21-50
51-100
100+
Commission Rate
40%
40%
30%
20%
Reward Pool Distribution/(Injection)
60%
40%
(-10%)
(-20%)
Each transaction in the referral program is entitled to 40% of the transaction fee as the commission rate. Brokers in level A and level B will receive the entire 40% as commission, while level C and level D get 30% and 20% respectively. The undistributed referral rewards (10% from level C and 20% from level D) will be injected into a reward pool.
The entire sum in the reward pool will be distributed to the brokers in levels A and B in the ratio of 60:40. Once the rewards are distributed after 30 days, the levels are reset, and the brokers start again with an empty slate.
Only 3 steps to be a Shield Spark: Go to the Shield Broker page, then connect to the wallet; Shield protocol will generate a referral link for you automatically then you are good to go!
Link: https://shieldex.io/dds.html#/broker
Last modified 4mo ago
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