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Review on BitShares by Thuan Thien
The BitShares Referral Program is designed to promote infrastructure…
The BitShares Referral Program is designed to promote infrastructure development. Decentralized financial networks depend upon their business partners to build an ecosystem of businesses, such as exchanges, merchant services, hosted wallets, lightweight wallets, and block explorers. With the BitShares referral program, merchants can now earn more by advertising their support for the BitShares platform. While other platforms primarily promise lower fees, BitShares offers merchants an ongoing revenue stream.
Free market competition results in many different hosted wallet providers competing to acquire new users. Each of these providers has a financial incentive to advertise their wallets by traditional means, which in turn increases the network effect for the BitShares ecosystem.
Pros
- BitShares is the first smart contract platform with built-in support for recurring payments and subscription payments. This feature allows users to authorize third parties to make withdrawals from their accounts within certain limits. This is a convenient way to “set it and forget it” for monthly bills and subscriptions.
Cons
- Most major altcoins not supported.
