ADA Finance DeFi 101 — Referral Program and Address Milestones
Last week, we announced a series of upcoming articles in which we dive deep into the features of ADA Finance.
This week, we will elaborate on our unique Referral Program and address milestone rewards program. We are excited about these features as we are the first DeFi platform in the crypto industry to introduce such benefits to users.
ADAFi Address Milestones
The address milestones incentives users to be active on the ADA Finance platform and within the ADAFi ecosystem. When reaching all 1st level milestones, the user gets a tier status. Bronze when you reached all 1st level milestones, silver when you reached all 2nd level milestones, etc…
The address milestones that are written out:
- Trading Volume
- Building Referral Network
- Engage in Farming cyclusses
- Realised Lending Profits
- More address milestones will be created on later stage..
Activating the referral link does not work with tiers, but will get a 5 ADAFI reward, which motivates the referral program and activates the 10% kickback!
ADAFi Referral Program
A DeFi platform is strengthened by its liquidity and active user base. By rewarding users for referring new users to the ADAFi platform, our user base will continue to grow organically over time. This will bolster the ADAFi ecosystem, with the direct benefits going to the referrer as you invite users and others to join your referral network as users of the platform. As the users of your network increase activity on the platform by reaching address milestones, you, as the referrer, earn a commission on their milestone rewards.
Should you wish to benefit from the referral program you’ll need to deposit 50 ADAFI tokens into a smart contract, locking these tokens for twelve months. This will generate a unique referral link specific to you, which can be shared as broadly as you like. The more active users in your 3-level network, the more passive earning you can earn as commission from their activity. Enterprising users can build a vibrant and lucrative network within the platform, which magnifies their passive income as their network grows.
Scenario: Referral and Milestone Program in Action
To illustrate how the referral and address milestones program can help you earn increased passive income through commissions, let’s step through a simple scenario to illustrate how it works.
In this scenario, we are reviewing my overall referral network. Depending upon my activity and diligence, I may have dozens of branches, enabling me to earn commission on a continual and frequent basis from the activity of my personal network, as well as my own milestone achievements.
Let’s say I choose to participate in the program and submit 50 ADAFi tokens to receive his referral link.Then share the link with friends on his social media accounts. In his post, I mention that he I’m earning “crazy amounts of passive income on ADA Finance!!!” and invite others to do the same by clicking my referral link. My friend Tom sees my post and calls me to learn more. I educate Tom all about how ADA Finance is creating passive income opportunities for me. Tom decides he wants to get in, so he joins the ADAFi platform using my referral link. Now, Tom is part of my personal network on the ADAFi platform and can create his own network to start making him a passive income, based on their activity. Pam becomes part of Tom’s network and Andy becomes part of Pam’s network.
The milestones based reward system propagates three levels up maximum, whenever Andy gets his referral link and builds his own network, the rewards earned by those below him won’t reach me anymore. Furthermore, his network might be so active and engaged that he might start to make more passive income than me. This keeps the tier structure balanced and always inviting for newcomers and maintains the incentive high for those already in the game to keep adding more and more direct chains. Think of it as a Bonsai tree: you’ll keep shaping the tree for as long as you want and your decisions define how profitable your little tree will be.
Now let’s show an address milestone reward!
As Andy uses the ADAFi platform for token trading, staking, and farming, he eventually reaches the milestone of $1 million in trading volume. As he reaches that address milestone, the platform rewards him for his activity with 500 ADAFI tokens. Pam — who referred Andy — receives a 10% commission, or 50 ADAFI. Likewise, Tom receives a 5% commission (25 ADAFI), and I earn a 3% commission of 15 ADAFI.
Important: To receive referral commissions on address milestones, above bronze level milestones, I need to have unlocked the address milestone myself to be eligible to receive the referral commission. When I haven’t reached the address milestone yet myself, the commission will be allocated to my address for 90 days. If I did not reach the address milestone myself by that time, that referral commission will be revoked.
10% Referral Kickback
Now that we have seen how the distribution of address milestone rewards is structured, let’s look at the final step. Andy, who hit the milestones, activates his referral link by depositing 50 ADAFI tokens in the referral smart contract. By doing so, Andy activates the 10% referral kickback, meaning every address milestone he reaches, the rewards are distributed to the (up to) 3 level network that he belongs to, but he receives a 10% kickback on those commissions.
By activating the referral link, any user will receive a one-time-only reward of 5 ADAFI tokens. Giving the referral commissions to the network he belongs to and already benefiting from the 10% kickback!
This flexible structure creates a sustainable incentive system where most of the fee structure is used to reward the users. As the ecosystem grows more services will be added and therefore more options of passive income source are made available. ADA Finance is positioned for long-term sustainability and growth, and our referral program is just one feature that makes us the most innovative DeFi platform in the industry.
We invite you to think about the earning potential of what the referral and milestone programs could bring you as an ADAFi user and to the platform as a whole. Just imagine — thousands of ADAFi users incentivized to bring new users into the platform week after week, month after month! Imagine your potential commissions as you develop your own network!
Next week, we look forward to sharing a close-up of the staking and DAO features of the ADAFi Ecosystem, showing how you can maximize your passive income as an ADAFi platform individual user, with of course the referral program as a motivation to introduce your network to start earning a passive income through ADA Finance!