The Riverex Affiliate Program is a referral approach that rewards users with its utility token, WELLE, for bringing new users to utilize and transact on the platform. The referrer and referred users will receive WELLE tokens by executing a peer-to-peer transaction, creating a pool, adding liquidity, and swapping assets from an existing pool. Users can then use WELLE tokens to pay platform fees.
Earn rewards for each new referral that completes a transaction on the Riverex platform.
There is no limit to the number of referrals that can be made.
Experience a simplified and user-friendly interface accessible to a wide range of users.
Swap cryptocurrencies with fellow traders in a peer-to-peer manner (P2P). Executing P2P transactions do not require users to open an account. Instead, both users connect their digital wallets, as their wallet address is required to transact through the smart contract.
Users can set their own favorable token rates and quickly swap seamlessly with other users.
The P2P mechanism uses online wallet transactions and doesn't require the intervention of a middleman.
Users have complete control over their data as it is decentralized; users can monitor each activity.
The Peer-to-Peer in-chat feature utilizes an end-to-end encryption mechanism by Signal Protocol to provide safe and private discussion among users. Anyone can join a Public Chatroom but Private Chatrooms would require a joining request—which is perfect for confidential conversations or negotiations and swap discussions.
Users stay up-to-date as they can connect with like-minded users and gain valuable insights through discussions in the chatrooms.
Users can efficiently execute P2P transactions by sending swap templates or sharing the swap links through the chatrooms.
The support team of Riverex assists its users with every query, difficulty navigating the platform, or issue on a transaction.
A liquidity pool is a collection of crypto tokens or funds secured in a smart contract, wherein anyone can deposit their funds and receive rewards or tokens in exchange for providing liquidity to the Riverex platform. Riverex uses the Automated Market Maker (AMM) protocol, which ensures a value-to-price ratio at a constant of 1:1; hence a balanced market price.
Users are not required to connect to other traders and search for a specified asset price. The AMM algorithm adjusts the price of the tokens based on the asset proportion in the pool.
Since users transact in a pool instead of another trader, they avoid traders who demand high market prices or devalue the market price, providing a smoother and balanced market for every trader.
HODLERS earn passive income by depositing their funds and adding liquidity to the pool. Liquidity providers can customize LP fees and earn a percentage whenever users swap their tokens in the pool.
Atomic swap or atomic cross-chain swap is a protocol that allows the exchange of crypto assets in a peer-to-peer manner across different blockchain networks. Atomic swaps are employed in a smart contract, which enforces the conditions of the transaction—like a two-way virtual safe function (HTLC – Hashed Time Lock Contract) to ensure that both parties fulfill their sides of the transaction at a predetermined time.
Riverex allows users to trade over 1,500 coins and tokens across 16 different blockchains. Among these are Ethereum, Binance, and Polygon, with others being updated.
It employs a Hashlock and Timelock protocol to guarantee users of getting their funds back in case of delays, as their funds are locked in a smart contract until either party withdraws or refunds the transaction.
The counter-offer strategy allows both parties to negotiate a more profitable offer from the original agreement rather than simply accepting or rejecting the swap request.
The only cross-chain decentralized exchange with an in-chat peer-to-peer swaps
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