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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.

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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.
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%.
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.

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Tier Breakdown

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%

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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.