Get Your Bag Points
Join the OnlyBags community, earn Bag Points and let the meme games begin!Referral program
OnlyBags rewards early users with Bag Points. Referral is invite-only, and everyone who joins gets 5 invites to share with friends. You get Bag Points when you join, share invites, when others you have shared your invite with share their invite, and so on…How it works
Initial Invites: As a part of our early community, you are provided with 5 exclusive invite codes.
Earning Bag Points: Bag Points are based on Solana holdings and the trading volume (For last 500 transactions) of your invitees. However, even if your invitees have no SOL balance or trading volume initially, you’ll still receive Bag Points for their future activities on Onlybags.
Layers of Invites: Every user you invite forms a new layer of users. The people they invite from another layer, and so on. While you earn full Bag Points from the users you directly invite, your new Bag Points are reduced by 20% for every subsequent layer of users invited by your direct invitees.
Bag Points Earning:
Bag Points for joining:Enter your invite code and earn Bag Points based on your own Sol balance and trading volume.Direct Invites:Earn Bag Points for Sol balance and trading volume of your invitees. If your direct invitees join within 24 hours, all Bag Points earned from them are doubled!Subsequent Layers:For people invited by your direct invitees and so on, your Bag Points are reduced by 20% for each subsequent layer. However, the direct inviter will still earn Bag Points at the full rate as previously described. For instance, if Bob is invited by Alex (Layer 1 for Alex), and Bob then invites Carol, Carol forms Layer 2 for Alex. The Bag Points that Alex earns from Carol are reduced by 20%, but Bob earns his full Bag Points from Carol.Bag Points Rewards:If your invitees do not have any SOL balance or trading volume at the time of joining, don’t worry - your Bag Points are not lost! Post-launch, you’ll be rewarded based on their activity within the Onlybags app. This means even late bloomers can make you earn Bag Points! You will get rewarded with Bag Points your direct invites earn on the platform and of all subsequent layers.Fair Play:Artificially inflating and gaming the system will not fetch any extra Bag Points, so being a good community member is the best policy for your Bag Points.OnlyBags has a reward system for users!OnlyBags rewards active users involved in creating and trading meme coinsToken rewards are allocated based on reputation (Bag Points) and are distributed in frequent airdropsReputation system is dynamic and changes throughout timeBadges can be earned and serve as social proof of a user’s activity on OnlyBags (extra token rewards for earned badges)Referral System: OnlyBags employs an invite-only referral system where users earn "Bag Points" for joining, using their invites, and for the activities of their direct invitees and further layers of usersFind more information in our gitbook