The TopCut trading protocol is built as a
Hyperstructure. This means that every value adding participant in the protocol receives value in return while passive value extraction (rent) is avoided.
Growing the user base of the protocol is an important value driver and rewarded by our permissionless affiliate system.
Anyone can become an affiliate by holding a TopCut NFT. The affiliate system is immutable and permissionless, guaranteeing the highest degree of reliability to affiliates.
On every trade, users must commit an affiliate ID with the trade – there is no way to trade on TopCut without being associated to an affiliate. Normally, this is managed by the UI / frontend and doesn't require any action by users.
Affiliates earn Affiliate Points (AP) proportional to the volume traded by referred traders. AP can be exchanged for ETH in the TopCut Vault. (details in the Reward section)
TopCut NFTs can be minted for a fee of 1 ETH or acquired from the secondary market (OpenSea, Blur, etc.). Minting fees accrue to the TopCut Vault.