Part 3/7:
Kyle, a representative from the Thor Chain ecosystem, provided some pivotal suggestions that set the stage for a revamped referral strategy. The goal? To transform the existing referral framework into a more enticing proposition for both referrers and new users.
Key Updates to the Referral System
One of the most notable changes to the referral system is the introduction of a 10% discount for users who leverage referral codes during their trades. Currently, the value proposition for using a referral code has been primarily centered on compensation for the referrer. However, Kyle pointed out that this creates a misalignment of incentives; potential new users lack a strong enough reason to swap via the referral link.