In the world of
#cryptocurrencies , a referral system has been in operation for a long time. In general, it's a way for projects to acquire more users by offering various rewards for referring or inviting other people.
To truly profit from referrals, it's advisable to become publicly active, for instance, on Twitter. By sharing various interesting tips, observations, or analyses, you can build a community of fans to whom you can later publish these referral codes for exciting projects.
There are several types of referrals to distinguish. The first type is simple, where only the person who invited someone receives a reward. The person who used this referral code doesn't receive any bonus or reward. In some cases, this method is subsequently enhanced by a more attractive secondary referral system. This means that if you invite someone, and that person also invites someone else, you receive rewards in both cases. This creates a dense network of invitations and, consequently, rewards. Therefore, it's much more attractive.
A better scenario, however, is bilateral referrals, where both the person who invited someone and the person who used the invitation receive rewards. This encourages people to invite others while also taking advantage of other people's invitations.
Although this may sound like free money, it's not always the case. Projects almost always offer their own tokens as rewards. Consequently, you often don't know what your final reward will be or when and if you'll receive that token. It's quite rare to receive referral rewards in USDT or another well-known cryptocurrency like
#BTC or
#ETH .
Among the projects that have their referral system based on USDT rewards is the new
#SpaceCatch project. Currently, they are conducting a pre-sale of their
#CATCH token and have already raised 1 million USD. If you purchase the token for any amount, you can create a referral code and receive rewards of up to 10% of the purchases made by the individuals who use your code. Rewards are paid out in USDT, making it an interesting way to generate passive income. It's important to note that individuals who use your referral also receive rewards, up to 5%.
Considering that SpaceCatch itself is a project with tremendous potential due to its fully functional game, sophisticated mechanics, and tokenomics, it presents a suitable opportunity for everyone.