Claiming Affiliate Rewards

How to Claim Your Earned Rewards

Rewards in your hands

Affiliate rewards are collected directly in the smart contract treasury. Once your rewards exceed 5 ADA, you can claim them at any time by simply clicking on a button in your profile section, the only cost will be a transaction fee.

Alternatively, you have the option to wait until your accumulated rewards reach higher thresholds, such as 10, 50, or more ADA, which allows you to save on transaction fees.

Your rewards are in your hands. You can claim affiliate rewards whenever you desire, as long as they are greater than 5 ADA.

Precision counts in Lovelaces (no rewards left behind)

There are technical hurdles with minimum of 1 ADA rewards. That's the reason why in most instances rewards (transaction fees or even royalties) for assets valued at 50 ADA and below are omitted and if not then you as a buyer can end up paying 30% or more in fees.

Let's consider the scenario with current Smart Contracts:

If you decide to sell an NFT valued at 10 ADA, you would typically encounter a royalty fee of 1 ADA (which is rounded up from 0.5 ADA - in case of 5% royalties), a service fee of 1 ADA (rounded up from 0.2 Ada - in case of 2% service fee), and a transaction fee of approximately 0.2 ADA.

By calculation, you should be left with 7.8 ADA. However, marketplaces may impose additional "hidden" fees, resulting in a final balance of 6.62 ADA, as shown in the example above. JoB Smart Contract:

If you were to sell an NFT worth 10 ADA, you would pay 0.5 ADA royalty fee (5%) and 0.25 ADA service fee (2.5%) and a blockchain transaction fee ~0.2 ADA. So are left with ~ 9.05 ADA.

Read more about our Incentive Structure and Rewardsin the previous section.

Discover all about our On-chain Affiliate Program, Setting Up Affiliate and Affiliate Rewards.

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