The post SOEX Introduces Innovative Referral System for On-Chain Communities appeared first on Coinpedia Fintech News
SOEX, an all-in-one trading-driven Web3 IM platform delivering an advanced social trading experience, is thrilled to introduce the new revenue-generating model designed to keep communities engaged and incentivized in the long run.
After enhancing the trading side of the app, adding groups and tools to help users refine their strategies, trade via optimized connections, and earn boosted rewards, SOEX is now shifting its focus to attracting communities with sustainable, long-term rewards.
The new referral tree system is based on two innovative assets, CVT and HVT, which users can mint and create revenue streams.
Introducing CVT and HVT
The new referral tree structure presented by SOEX moves away from the traditional method of sharing an invitation link for your referee to earn a small, one-time reward. While this approach was popular, it often failed to keep new users engaged and motivated in the long run.
Instead, SOEX is introducing a more innovative strategy using two core assets: CVT and HVT.
CVT, or Community Value Token, is a value-bearing asset/smart account/SNS domain/on-chain community. When a user mints CVT, it triggers the generation of $SOEX (the platform’s governance token), with 20% airdropped to the minter and the rest allocated for staking, LP, and other critical areas within the ecosystem. The CVT holder can then deploy HVT and share a referral link that others can use to mint it within the community. Additional benefits for minting CVT include a percentage of staking rewards, earning from follow/unfollow fees, and augmented rewards within the platform (like trade airdrops).
HVT, or Holder Value Token, is the other key asset sustaining this system and helping expand the referral tree. Users can follow a community and use the referral link to mint HVT, unlocking staking rewards. They also stand to profit as the value of the HVT increases and from the additional strategies to be added soon, like borrowing against the HVT value and earning from liquidity provision on SOEX or other protocols.
Together with $SOX points (a mechanism for tracking and rewarding platform participation) and the $SOEX token, these two assets create a balanced and efficient system that benefits both the platform and all categories of users.
Who Is This Referral System For?
In short, it’s for communities. Crypto is all about communities, with so many KOLs, analysts, or experienced traders, each with a loyal base of followers. The referral tree enables them to bring their communities to SOEX and earn with CVT and HVT efficiently and sustainably.
Once they join SOEX, they can also take advantage of other features, such as joining asset groups, using advanced tools, trading from SOEX on multiple exchanges, and receiving airdrops. Essentially, both the referral system and SOEX, as a whole, are for crypto enthusiasts of all experience levels.
All platform activities, including CVT and HVT minting, revolve around the $SOEX token. Early adopters will have a definite edge once its generation begins, liquidity expands, and the token is listed on exchanges.
About SOEX
SOEX is a social exchange – a Web3 all-in-one solution that combines social features with trading along with earning strategies to provide traders with everything they need in one place. Built using protocols like Nostr+, TradeDivi, and Sketch, and integrating Solana, it’s an innovative crypto trading aggregation tool that integrates social attributes with professional trading functions, creating a full-stack convenient trading experience for users.
The platform provides public and private groups, price change and new coin launches notifications, optimized connections across CEX/DEX/DeFi (currently Binance, OKX, Gate.io, and XT Exchange), and multiple revenue-generation avenues.
Current platform data:
- User addresses: over 100,000
- Total token trading volume: over 100 million USDT
- Community presence: Malaysia, Vietnam, Thailand, Indonesia, South Korea, Japan, UAE (Dubai), Nigeria, Turkey, Russia, Germany, and more.
The team aims to grow SOEX into a one-stop trading hub that helps users save time and increase their efficiency by earning more from their trades and adjacent incentivization methods.
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