A merchant publishes a product and puts a separate token budget behind its referral rewards. Distributors create links with immutable ancestry. A buyer sees the price, policy and eligible paid path before signing a purchase.
A purchase reserves its rewards during a hold. A merchant can refund in full before the hold ends. After the hold, anyone can finalize the sale. Merchants claim proceeds and distributors claim rewards independently.
The purchase snapshots its policy. New terms apply only to future purchases after at least 24 hours’ notice. Public receipts let you inspect the settlement evidence.