Referral programs are commonly offered by top crypto exchanges and wallets like Binance and as a strategy to attract new users. These programs typically work by providing existing users with a unique referral link, which they can share with their friends and acquaintances.
When a new user signs up via the referral link, both the referrer and the referee receive rewards or incentives. These rewards are often in the form of commission or referral bonuses, either in cryptocurrency or fiat currency, deposited directly into the referrer’s account. The amount of the reward can vary depending on the platform and the specific terms of the referral program.In recent campaign you can earn up to $100 by inviting friends.
For example, Binance offers a referral program where users can earn 100 USDT rebate vouchers on trading fees.
These referral programs serve multiple purposes for crypto exchanges and wallets. Firstly, they incentivize existing users to promote the platform, helping to increase its user base. Secondly, they encourage new users to sign up by providing them with an extra incentive. Finally, by rewarding users with cryptocurrency, these programs also encourage engagement and usage of the platform.
Airdrops
Airdrops have emerged as a popular concept in the cryptocurrency industry, serving the purpose of distributing free crypto tokens to users. Businesses and projects often utilize airdrops as a strategic ploy to grow their user base or gain a significant following for new cryptocurrencies.During an airdrop, businesses and developers distribute tokens to participants for various reasons. One of the primary motivations behind airdrops is to create awareness and attract attention to a particular crypto platform or project. By giving away free tokens, businesses are able to incentivize users to engage with their platform and gain familiarity with their product.
To participate in an airdrop, having a non-custodial crypto wallet is essential. This type of wallet allows users full control and ownership of their tokens, providing robust security measures and ensuring the privacy of their assets. Furthermore, it is important to have a crypto wallet that supports the blockchain of the given cryptocurrency, as some tokens may require compatibility with a specific network for transactional purposes. We compiled a list of the best crypto wallets for 2024 — click here to learn more.
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