# Referral Program

Shotgun's Referral Program lets you earn a share of trading fees generated by every user you refer - and a share of the fees generated by their referrals, down to 5 levels deep. The more active referrals you have, the higher your tier and the more you earn.

***

## How It Works

When you share your referral link and someone signs up through it, they become your **direct referral**. Every time they trade on Shotgun, you earn a percentage of the platform fee collected on that trade.

{% hint style="success" %}
**Referral Bonus:** Users who join Shotgun through a referral link receive a **10% cashback bonus** on top of the default ROOKIE tier - starting at **60% cashback** instead of 50%.
{% endhint %}

Your earnings don't stop there. You also earn a smaller share from the trades of anyone referred by your referrals - all the way down to **5 levels deep**. Your tier determines the exact percentage earned at each level.

Your tier is determined by how many **active referrals** you have. The more active traders in your network, the higher your tier - and the higher your revenue share.

## Tier Breakdown

{% tabs %}
{% tab title="Crew" %}
**Crew** is the starting tier, available to all users from day one.

* **Total Rev Share:** 30%
* **Direct referral share:** 22%
* **Level 2 share:** 3%
* **Level 3 share:** 2.5%
* **Level 4 share:** 1.5%
* **Level 5 share:** 1%
  {% endtab %}

{% tab title="Engineer" %}
**Engineer** unlocks when you have 10 or more active referrals in your network.

* **Total Rev Share:** 35%
* **Direct referral share:** 25%
* **Level 2 share:** 4%
* **Level 3 share:** 3%
* **Level 4 share:** 2%
* **Level 5 share:** 1%
  {% endtab %}

{% tab title="Chief" %}
**Chief** unlocks at 25 active referrals.

* **Total Rev Share:** 40%
* **Direct referral share:** 30%
* **Level 2 share:** 4%
* **Level 3 share:** 3%
* **Level 4 share:** 2%
* **Level 5 share:** 1%
  {% endtab %}

{% tab title="Principal" %}
**Principal** unlocks at 50 active referrals.

* **Total Rev Share:** 45%
* **Direct referral share:** 33%
* **Level 2 share:** 5%
* **Level 3 share:** 3.5%
* **Level 4 share:** 2%
* **Level 5 share:** 1.5%
  {% endtab %}

{% tab title="Legend" %}
**Legend** is the highest tier, unlocking at 100 active referrals.

* **Total Rev Share:** 50%
* **Direct referral share:** 35%
* **Level 2 share:** 6%
* **Level 3 share:** 4%
* **Level 4 share:** 3%
* **Level 5 share:** 2%
  {% endtab %}
  {% endtabs %}

***

## Key Notes

* **No earnings cap** - referral rewards are unlimited. The larger and more active your network, the more you earn.
* **Active referral** - a referral counts as active once they have made at least one trade on Shotgun.
* **Tier upgrades are automatic** - your tier updates as your active referral count crosses each threshold. You do not need to apply or claim anything.
* **Revenue share is based on Shotgun's net platform fee** - after any discounts applied to the referred user's account.
* **5-level deep earnings** - the higher your tier, the more levels you earn from.


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