Community members will be rewarded for referring new users to Flambu who complete the registration process and rentals worth a cumulative amount of US$100 or more. For every successful referral, the referrer will receive 20 FLAM.

The referral reward per community member is capped at 200 FLAM for new user referrals (for up to 10 successful user referrals). The purpose of capping the reward is to promote a wider allocation of FLAM across the community.

This referral program will have a budget of 10,000,000 FLAM and will cease when the budget is depleted. Between 50,000 to 500,000 community members will be rewarded through this program, and 500,000 new community members will join Flambu through this program if it is fully utilized.

The distributed FLAM will be sourced entirely from the Growth Fund and will amount to:

  • 1% of the maximum supply of FLAM;

  • 4% of the total allocation of FLAM to the Growth Fund;

  • 40% of the FLAM that is vested to the Growth Fund at the TGE.

The rewards will be paid to the users' Flambu wallets which are created upon registration.

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