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Superalgos/Projects/Governance/Schemas/Docs-Nodes/R/Referral/Referral-Program/referral-program.json
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{
"type": "Referral Program",
"definition": {
"text": "The referral program is designed to incentivize both word-of-mouth and influencer referrals. You may earn tokens for each user you refer, but also for each user they refer as well, and the chain goes on infinitely!",
"updated": 1624726453093
},
"paragraphs": [
{
"style": "Block",
"text": "Content",
"updated": 1624726477501
},
{
"style": "Text",
"text": "When you declare one or more referrers, you confer them 10% of your Referral Power, but without losing any of your power! That is, you are not giving your power away… you’re empowering someone else through your power!"
},
{
"style": "Text",
"text": "The power you confer to your referrer is added to his or her own power. Now, guess what happens when your referrer declares his or her referrer? That's right! 10% of the total Referral Power is conferred to his or her referrer too! And the chain continues on and on."
},
{
"style": "Callout",
"text": "Now, let’s look at this the other way round. The people you refer confer 10% of their Referral Power to you. When they get to refer people, they get 10% of their Referral Power. This means that you get 10% of the Referral Power from the first generation of people you refer, but you also get 1% of the power of the second generation, and 0.1% of the third generation, and so on!"
},
{
"style": "Text",
"text": "At the time of each Distribution Event, your total Referral Power determines the Direct Proportion of tokens you get from the Referral Reward Pool."
},
{
"style": "Success",
"text": "As you can see, there is a very good incentive for spreading the word about Superalgos. It’s good for you, for your friends, for their friends, and for the project!"
},
{
"style": "Block",
"text": "Configuration"
},
{
"style": "Title",
"text": "Configuration"
}
]
}