Variable Rewards
Variable rewards allow you to set incentives that change based on specific conditions or the magnitude of the action. This option is useful when you want to encourage greater participation by rewarding users based on performance or effort. For example, a higher reward could be given for larger transaction amounts or more significant contributions. Variable rewards add flexibility and motivate users to engage at a deeper level.
There are two types of variable rewards:
1οΈβ£ Based on Volume:
Rewards increase based on the total amount of an action performed.
Example: A trading program where users receive 0.1% of their trading volume as a reward. The more they trade, the more they earn.
2οΈβ£ Based on Revenue:
Rewards are calculated as a percentage of the revenue a user generates.
Example: In an affiliate program, a referrer earns 5% of the total purchase made by the referred user instead of a fixed amount.
β Best for: Programs that want to reward higher-value actions rather than just participation.
Optional: Tiered Rewards
With tiered rewards, users progress through levels and earn better incentives as they increase their participation.
Example:
In a referral program:
1-5 referrals β 10% of conversion volume per referral
6-15 referrals β 15% of conversion volume per referral
16+ referrals β 20% of conversion volume per referral
β Best for: Programs that want to encourage long-term engagement and reward progression
Last updated