# Loyalty Points

## Overview

Loyalty points are earned through various interactions with Alfredo Trade Bot. The more points you generate, the more you save on trade fees. Additional benefits and rewards will be provided through the loyalty point program in the future.

View your points, rank, fee reduction, and points multiplier by clicking [**🎁**](https://emojipedia.org/wrapped-gift)**`Loyalty`**

## Point Tiers

All users of Alfred Trade start out at the Chef level and increase to higher tiers as they earn more points.

| Tier           | Points            | Trading Fees |
| -------------- | ----------------- | ------------ |
| Chef           | 0 - 2,500         | 1%           |
| Butler         | 2,501 - 20,000    | 0.95%        |
| Chauffeur      | 20,001 - 100,000  | 0.85%        |
| Concierge      | 100,000 - 999,999 | 0.7%         |
| Estate Manager | 1,000,000+        | .5%          |

## Point Criteria

1. <mark style="color:blue;">**First Time Users (Onboarding Rewards)**</mark>
   * First Deposit: 500 Points (accrued only after the First Trade)
   * First Trade: 750 Points
   * First Trading Snipe: 1,500 Points

{% hint style="success" %}
Completing all first-time rewards will guarantee a move to the Butler level with  2,750 points in total
{% endhint %}

2. <mark style="color:blue;">**Base Points (Volume)**</mark>
   * $1 = 1 Point&#x20;
     * (i.e. $50 trade = 50 points, $1000 trade = 1,000 points)<br>
3. <mark style="color:blue;">**Consecutive usage multiplier**</mark>
   * Receive multipliers on your points for using Alfredo Trade on consecutive days
   * Each consecutive day you use Alfredo Trade, your points increase by 0.05x up to a maximum of 1.5x after 10 days
   * If you miss a day, you revert back to the previous day's multiplier

<table><thead><tr><th width="209">Day</th><th>Multiplier</th></tr></thead><tbody><tr><td>0</td><td>1x</td></tr><tr><td>1</td><td>1.05x</td></tr><tr><td>2</td><td>1.1x</td></tr><tr><td>3</td><td>1.15x</td></tr><tr><td>4</td><td>1.2x</td></tr><tr><td>5</td><td>1.25x</td></tr><tr><td>6</td><td>1.3x</td></tr><tr><td>7</td><td>1.35x</td></tr><tr><td>8</td><td>1.4x</td></tr><tr><td>9</td><td>1.45x</td></tr><tr><td>10</td><td>1.5x</td></tr></tbody></table>

## Sniper/Orders limits by tiers

| Tier           | Snipes | Trigger Orders |
| -------------- | ------ | -------------- |
| Chef           | 3      | 3              |
| Butler         | 5      | 5              |
| Chauffeur      | 8      | 8              |
| Concierge      | 12     | 12             |
| Estate Manager | 25     | 25             |