Lightning Shard Referral Program
The Lightning Shard Referral Program is a dynamic initiative designed to reward users for growing the Omnibit ecosystem. By sharing referral links, participants earn Lightning Shards, unique points that recognise and incentivise their contributions to expanding Bitcoin staking and oBTC adoption. Both referrers and referees benefit, making the program a collaborative and rewarding experience.
How It Works
Generating Your Referral Link
Each user is assigned a unique referral link, accessible via the Omnibit Dashboard.
The link is tied to the referrer’s account and tracks activities completed by referees who use it.
Earning Lightning Shards
Referrers earn 20% of the Lightning Shards generated by referees who stake BTC and mint oBTC using the referral link.
Referees receive an additional 10% bonus Lightning Shards for their staking activities when using the referral link.
Lightning Shards are calculated based on the referee’s staking amount and duration, using the same formula as standard Radiant Shard rewards.
Post-Staking Engagement
After referees mint oBTC, they can boost both their rewards and the referrer’s by engaging in whitelisted DeFi protocols or contributing to Omnibit Vaults.
Referrers earn a percentage of additional Lightning Shards generated by referees through these activities.
Example Referral Calculation
User
Activity
Base Shards Earned
Referral Bonus for Referrer
Bonus for Referee
Total Lightning Shards
User A
Refers User B & C
20% of User B & C's rewards
-
User B
Stakes 0.05 BTC
1000
200
100
1300
User C
Stakes 0.03 BTC
600
120
60
780
Totals:
1600
320
160
2080
User A (referrer): 320 Lightning Shards (20% of B + C’s rewards).
User B (referee): 1300 Lightning Shards (1000 base + 10% bonus).
User C (referee): 780 Lightning Shards (600 base + 10% bonus).
Key Rules
Valid Referral Actions
Referrals only apply to BTC staked to mint oBTC through the Omnibit dApp.
Referral rewards do not apply to direct oBTC purchases or swaps.
A new BTC deposit address is generated for each stake via the referral link, ensuring transparency and accurate tracking.
Referee Activity
If a referee initiates a stake through a referral link but does not complete the transaction, the referral remains inactive and will display a 0 BTC balance under "Your Referrals."
Additional Earning Opportunities
Referees who engage with Omnibit Vaults or whitelisted DeFi protocols after minting oBTC boost rewards for themselves and their referrers.
Tracking and Monitoring
Lightning Shards earned through referrals are automatically tracked and displayed in the Omnibit Dashboard.
Users can monitor referred addresses and their associated rewards under the Your Referrals tab.
Real-time updates provide transparency and ensure fair distribution of rewards.
Terms and Conditions
Eligibility: Participation requires adherence to Omnibit’s Terms of Service. Referral rewards may not be available in restricted jurisdictions.
Fraud Prevention: Activities such as creating multiple accounts, using bots, or manipulating referrals are prohibited and will result in forfeiture of Lightning Shards and termination of participation.
No Monetary Value: Lightning Shards are non-monetary and cannot be converted into digital assets, tokens, or currency.
Program Modifications: Omnibit reserves the right to modify or terminate the Lightning Shard Referral Program at any time without prior notice.
The Lightning Shard Referral Program is your gateway to helping build the Omnibit ecosystem while earning unique rewards. Invite your network, stake your BTC, and grow your influence in the decentralised future. Together, we amplify Bitcoin’s role as a cornerstone of economic security.
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