> For the complete documentation index, see [llms.txt](https://docs.holdstation.com/holdstation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.holdstation.com/holdstation/overview/referral-program/usdc-reward.md).

# USDC Reward

The USDC rebase applies to both Affiliate Program and normal users. This was designed to support users in earning up to **70% of the opening fee** on every single trade they open on the Holdstation DeFutures. 

* As a normal user, you can earn a 30% USDC rebase when your friends place an order.
* If you're an affiliate agency, you can earn a **40% rebate** from your friends, plus an extra 20% if your friends refer others.

**Below is the tier table you can earn**

| Tier | Referral Level | Bonus                                 |
| ---- | -------------- | ------------------------------------- |
| 1    | Direct         | 30% - users, 40% for affiliate agency |
| 2    | Second-level   | 20%                                   |
| 3    | Third-level    | 10%                                   |

### **To participate in the program, please follow the steps below**

1. Users can apply through our apps "Become an affiliate agency" section and fill in your information
2. Once approved, they will receive a custom referral link that they can share with their network to invite them to join the Holdstation DeFutures.

This program is a great opportunity for users to earn rewards by simply referring their friends and network to join the Holdstation DeFutures.

###  **To ensure proper attribution of referrals under the referral agency model on Holdstation, the following criteria must be met:**

* The referral user must initiate their wallet address activation using the agency's unique referral link and complete the on-chain activation process, which involves paying gas fees.
* For the referral to be considered as part of the agency's trader base, they must execute at least one trade on Holdstation DeFutures.

This framework ensures transparency and accuracy in counting referrals and traders within our referral program.