I wanted to make a post around the idea of an affiliate program or a referral program again. It appears that there has been some interest in this topic in the past. I’ve looked at this thread and this thread. However, I don’t think it went anywhere beyond the initial exchange of thoughts. I thought I’d lay out my thoughts here and start a discussion on how this channel could potentially act as a catalyst to achieve the goals and milestones of this project.
I strongly support the idea of a referral or affiliate program, and I’ve successfully promoted several other crypto-based services/products in the past. I believe it opens up a new channel to drive targeted adopters and people who could help achieve some of our liquidity goals. Further, I also strongly feel it can help achieve the goals of programs targeted to grow the number of pNodes/vNodes as well.
Similar to the community rewards program in place, I think it will help to develop an affiliate tracking style mechanism to capture, input, track and attribute the referrer of a new member - for any way they are going to become a part of the community. Some of the categories could be:
- Downloading the wallet app
- Shielding their first asset
- Placing their first trade or buying the PRV Token
- Staking their PRV in the Node Pool
- Running their 1st vNode with full stake (and additional future nodes for some residual value for the referrer)
- Buying a pNode (or multiple pnodes over time)
- Becoming a significant contributor in the community (we can think of a couple of ways to define this based on our most significant wants/needs)
The rewards model can stay in alignment with the benefit value brought by each of the above categories, and we could think through a fair reward in PRV tokens. Some thought also needs to be placed on whether we want to offer a one-time reward for some of the categories versus a recurring reward based on user actions that drive incremental long-term value.
Also, speaking of community rewards - it may be worth thinking through an idea of integrating some rewards for those community members that can be influencers. As an example: If one of our community members has a large social media following on any of the platforms (Twitter, Quora, Medium, etc.). Or they run a mid-to-large sized website that attracts/retains a community of crypto audience. We must introduce some rewards to encourage the promotion of Incognito by the influencer, to their followers. With some luck and diligent execution of this program, we might as well find a couple of big whales who will change the game for our liquidity, where we’re counting more digits before the decimal.
For the rest of the community - what do you all think?