[PRESS RELEASE – Madrid, Spain, 7th June 2022]
Thales announces the launch of its new referral program
Thales, an innovative DeFi protocol dedicated to permutual markets, has announced the launch of its affiliate referral campaign.
The affiliate program will create on-chain incentives to collect new users, allowing them to earn by creating a referral link and sharing it with friends, merchants and potential buyers. The event is an excellent opportunity to benefit from the trading volume of others, while helping Thales expand its ecosystem with novel Parimuel markets, increased volume and brand exposure.
referral program details
By sharing your referral link, users will receive the equivalent of 50% of the trading fee (1% of the total volume) from each trade that they execute by the new user.
Funds generated through the referral program are automatically deposited into users’ wallets in the form of sUSD, the stablecoin of the Synthetix ecosystem.
As a way to launch the referral program and further simplify its protocol, Thales is distributing a total of 20,000 OP tokens among participants who make it to the top of the affiliate leaderboard. Thus, on top of the percentage of trades made by referrals, users will also have a chance to be exposed to OP Tokens.
Named after a historical Greek philosopher, Thales is a multi-chain protocol that allows the creation of simple position markets. It was originally built on Ethereum and now works on the Optimism and Polygon blockchains.
The team behind Thales aims to explore a new frontier in on-chain derivatives, allowing users to create their own paramutual market where others can take positions through its unique and capital-efficient architecture, Thales Offers probability-based pricing with fully collateralized positions. The exact profit/loss of any position is calculated in advance.
All markets are fully collateralized and backed by a liquidity pool, which guarantees payouts for winners and provides opportunities for THALES holders with additional OP token incentives. Thales also leverages Chainlink oracle services to provide its markets with the most accurate and reliable information.
Thales Automatic Market Makers (AMM) has collected over $2 million in volume since its launch. While forex markets are all about taking positions based on real-life results, Thales markets allow taking all or nothing tokenized UP, DOWN, IN and OUT positions based on the performance of crypto assets.
Thales DAO now seeks to expand its reach with the addition of an aggressive marketing campaign, a new affiliate program, and a new market devoted entirely to sports (overtime sports markets).
For more information on the potential of its non-custodial permutual markets, see the official documentation and their social media accounts on Discord, Telegram and Twitter.
Watch Thales walkthrough video for more details.
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