Review on BitShares by Hieu Dac

Name: BitShares
Item: BitShares
Rating: 4

September 14, 2018

To ensure the cost of customer acquisition is sustainable, the BitShares…

To ensure the cost of customer acquisition is sustainable, the BitShares referral system is designed to always pay out a percentage of actual profits. BitShares allows the users to draw their own conclusions about the Life Time Value (LTV) of each customer they refer, after educating them about the LTV of customers for similar businesses. Bitshare believe that the BitShares network can offer each referrer an average value of $80 per member they sign up, or $40 if they go through an affiliate. This value is realized over time based upon the actual usage of the customers. Even if a customer thinks we are overestimating by a factor of 4, BitShares still offers a larger incentive than PayPal did.
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Pros

BitShares has an advanced referral program built directly into its software. Financial networks derive their value primarily from their network effect: more people on the same network increases the value of that network for everyone. BitShares capitalizes on this by rewarding those who sign up new users, and does so in a fully transparent and automated way.

Cons