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What is Referral Rewards?

Referral Rewards are a new way to get the community paid for sharing works from Foundation’s marketplace.

Referrers will receive 1% on the sale of the shared item or 1% of any item from within the same collection sold to someone using your referral URL.

Note: Creators do not qualify to receive Referral Rewards for their own works.


How do I get a referral link?

To receive Referral Rewards:

  1. Click the “Share” button on any Collection or NFT page
    Screen_Shot_2022-05-24_at_11.15.36_AM.png

  2. Copy the referral URL

  3. Paste wherever you’d like

Make absolutely certain that you are logged in to the wallet to which you will want to receive rewards. If you are not logged in, the URL will not work correctly, and you will not receive reward payments.


When do I get paid?

It depends on the way the item is sold.

For Buy Now sales, you will receive payment immediately.

For accepted offers, you will receive payment at the time of offer acceptance.

For an auction, you will receive payment after the auction is completed and is settled on-chain.

Note: Referrers will not get paid if the referred ends up buying a piece from a different collection by the same creator.


How do I get paid?

Your 1% Referral Reward is sent directly to your wallet.

  • On the Etherscan page for your wallet address, look for a transaction from “Foundation: Market”. If you do not see it in your Transactions list, check the Internal Txns tab.

I didn’t receive my rewards. What can I do?

Unfortunately, we are not guaranteeing reward payments at this time, but if you copied the URL properly, it should have worked!

There are a few factors that can lead to reward payments not being issued properly:

  • You weren’t logged into your wallet when you copied the referral URL
  • You were logged into a different wallet when you copied the referral URL

Is there a maximum Referral Reward that I can receive?

Nope — 1% of any sale! If you refer a sale of 10000ETH, you’d get 100ETH. 😏

 

If I refer someone to a collection and they buy multiple/all of the works inside the collection, do I get 1% for each work?

Only if the referred buys all of the items within 15 minutes of the first time they clicked your referral link.

 

Can I get a share link and “opt out” of Referral Rewards?

Yes — click on the share button, and deselect the Rewards option using the toggle at the right.

 

Can I receive Referral Rewards for my own works?

Nope — Creators do not qualify to receive Referral Rewards for their own works.

 

Where can I see my Referral Reward? How do I know that I got paid?

On the Etherscan page for your wallet address, look for a transaction from “Foundation: Market”. If you do not see it in your Transactions list, check the Internal Txns tab.

The best way to ensure payment is to doublecheck that you have the right URL before you share it. Make sure your wallet address is included!

Note: We are not guaranteeing reward payments at this time. Please do not contact us to re-issue a failed Referral Reward payment.

 

Where’s does the 1% come from? Who’s paying for it?

Foundation is paying the referrer for a successful sale. The 1% comes out of our 5% marketplace fee — the fee that all creators incur to sell their items on Foundation.

For additional context, here’s how payment looks when a work is sold on Foundation:

  • Primary Sale: 95% goes to creator, 4% to Foundation, 1% to referrer
  • Secondary Sale: 85% to seller, 10% to original creator, 4% to Foundation, 1% to referrer
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