Memberships

Account in CYBEX are separated into two groups: non-member and lifetime member.

Lifetime Members get a percentage cash back on every transaction fee they pay and qualify to earn referral income from users they register with or referrer to the network. A Lifetime membership is associated with a certain one-time fee that is defined by the committee.

Technically, the fees that you pay stay the same, but a part of the fees is refunded in the form of a vesting balance. Once the fees have vested you can withdraw them.

Fees

Every time an account you referred pays a transaction fee, that fee is divided among several different accounts. The network takes a cut, and the Lifetime Member who referred the account gets a cut.

The registrar is the account that paid the transaction fee to register the account with the network. The registrar gets to decide how to divide the remaining fee between themselves and their own affiliate.

• Pending Fees

Fees paid are only divided among the network, referrers, and registrars once every maintenance interval (86400 seconds). The next maintenance time is the day after the payment date at 8:00:00 am.

• Vesting Fees

Most fees are made available immediately, but fees over the vesting threshold (such as those paid to upgrade your membership or register a premium account name) must vest for some days as defined by the committee. Currently, the minimum vesting balance is 100 CYB.

Referral Program

The source code of referral program defines the complete and accurate terms in an unambiguous manner:

• User - any account that has not paid a lifetime membership fee.
• Member - any account that has paid a lifetime membership fee.
• Registrar - an existing account that pays a transaction fee necessary to create new accounts.
• Referrer - A Member account, defined by Member Registrars, that receives a percentage of referral fees.

The purpose of the referral program is to incentivize people to bring in more people. It compares to a Multi-Level-Marketing (MLM) scheme with the difference of having only 1 level where referred individuals can opt-out by upgrading their account to a lifetime member. Every lifetime member can get a cut of the fees based on child accounts linked to ours via referral.

The referral fees are controlled by the blockchain and are distributed like this:

• 20% go to the network
• 80% go to the referral program
• f this 80%, 30% go to the lifetime referrer and 50% go to the registrar
• f this 50%, registrar sets the percentage go to the affiliate referrer and the rest is his.

If you have a lifetime member account and already paid some fees, or have referred people that paid some fees, you can withdraw them in the "Vesting" tab of your account.

For example, as a basic account Bob who registered through platform X is referred by lifetime member Alice. Platform X paid Bob's registration fee. When Bob pays 10 CYB, 2 CYB is paid to the Network, 3 CYB is paid to the nearest Lifetime Member Alice, and 5 CYB is paid to the Referrer platform X. If Alice is the affiliate referrer of the platform, she can get additional percent bonus of the 5 CYB, such as 10% which is 0.5 CYB.

After this point the Lifetime Member becomes its own referrer and nearest Lifetime Member and its prior Referrers no longer get any revenue from this user. Some asset issuers may charge their own trading fees. These fees are not part of the referral program.