When the auction phase epoch ends, users that have referred enough ETH into the system, via their referred users’ token reservations, can then mint an amount of bonus SWAPP.
The auction phase referrer bonus system has two tiers. Bonuses (paid in SWAPP) are based on how much total ETH their referral link brought in to the auction phase account:
Refer 1 – 49.999999999999999 ETH Bonus = 0.05 ETH (paid in SWAPP)
Refer 50-149.9999999999999 ETH Bonus = 10.0% of ETH (paid in SWAPP), and "Influencer" status
Refer 150 or more ETH Bonus = 12.5% of ETH (paid in SWAPP), and “Super Referrer” status
Sally refers a few friends who, in total, send 0.83 ETH into the auction phase. Sally fails to reach the 1 eth minimum for the first tier, so she earns no bonus SWAPP.
Robert refers several friends who, in total, send 3.6 ETH into the auction phase. Robert qualifies for the first bonus tier, so he earns a flat bonus of 0.05 ETH worth of SWAPP.
Angela is a social media influencer who creates several SWAPP videos and publishes her referral link on them. Users clicking her referral link send a total of 64 ETH in to the auction phase. Eve qualifies for the higher bonus tier, so she earns 6.4 ETH worth of SWAPP, as well as permanent "Influencer" status.
Jim is a certified financial advisor who has referred multiple high-net-worth clients who have collectively deposited 162 ETH in to the auction phase. Jim qualified for the top bonus tier, so he earns 20.25 ETH worth of SWAPP, and has permanent "Super Referrer" status.
Note: all referral bonuses are paid in SWAPP. When the auction phase ends, an effective total auction phase SWAPP/ETH exchange rate is calculated by looking at the total amount of ETH sent in by all users, and the total amount of SWAPP made available for reservation. This ratio is then used to calculate the amount of SWAPP for each referral bonus.