Update on Our Referral Commission

Namaste Tribe!

WazirX referral program has always offered the highest commission payout to you in India. For every trading fee paid by your friends, you receive 50% of it as commission. All referral commissions payouts are completed in the form of equivalent WRX tokens.

Effective from 2nd November 2012, 12 AM IST, referral commissions in INR market would be calculated as below:

Referral commission = 100% net commission + 18% GST

What does it mean for you? Here’s an example: Let’s say, we collect 200 WRX as trading fee in the INR market. Here’s how your commission will be calculated:

• Referral commission collected includes 100% net commission + 18% GST = 100 WRX
• So 118% = 100 WRX
• 100% net commission = 100 WRX / 118% = 100 WRX x 100 / 118 = 84.74576 WRX
• 50% referral commission payout = 84.74576 WRX / 2 = 42.37288 WRX

After deducting GST, 50% of referral commission collected is paid out to the eligible user. In this case, it is 42.37288 WRX.

This calculation is only applicable for the INR market. Enjoy the highest referral commission of 50% on every trading fee your friends pay on WazirX. Refer to your friends and family now!

Happy trading