Refer Friends

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Overview

This rule rewards users for referring others, with multiple reward structures supporting first-level and second-level referrals. An admin sets up a referral program where User X gets 1000 points for each new referral, and new users (User Y) get 500 points upon joining. Additionally, User X earns 10% of User Y’s earnings and 5% of User Z’s earnings. This rule is checked daily, ensuring that referrers continue to earn from their referrals’ activity over time.

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Rule Configuration Fields

• Referral Reward Amount for Referrer: When User X refers to User Y, User X gets rewarded..

• Points Rewarded to New User: When User X refers to User Y, User Y gets an initial reward.

• Percentage Points to Reward for First Referral: When User X refers to User Y, User X can earn a percentage of Y’s earnings based on cadence (daily/weekly/monthly).

• Percentage Points to Reward for Second Referral: When User X refers to User Y, and Y refers to User Z, both X and Y can earn a percentage of Z’s earnings.

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Update Cadence

The Update Cadence field is crucial as it defines:

• Reward Frequency: This is only applicable to percentage based rewards, this determines how often the user will receive rewards (e.g., Daily, Weekly, Monthly).
• Relation to Start Time: The first verification of all the referrals and reward distribution will begin at the defined Start Time. Subsequent verifications and rewards will follow the selected cadence (e.g., if the cadence is set to “Daily,” the system will check and reward holdings every 24 hours from the Start Time).

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Custom Settings

Users qualify for referral rewards based on conditions such as achieving points, completing profile details, or connecting social accounts.