What Is The Referral System?
The Referral System is a part of the Altruism Protocol Ecosystem that allows users to purchase tokens at a discounted rate when another user refers them to buy the token. This system will launch initially only offering Altrucoin referrals, but will later expand to include other tokens as well.

How It Works

The system works by trading a small amount of the tokenomic rewards for a referral bonus to both the person who refers a new user as well as the new user. Let's take Altrucoin as an example:
Alex is very excited to be a part of the Altrucoin community and wants their friend Skylar to join as well. After hearing all about the project and amazing use cases, Skylar wants to buy some Altrucoin. Alex uses the referral system and generates a referral link, which Skylar uses to go to the referral platform. Skylar then inputs the amount of Altrucoin they want to buy, and completes the transaction. Skylar gets a discount compared to buying it on exchanges, and Alex gets some Altrucoin for referring a friend!
You can learn more about how the referral system works within the ecosystem on our Ecosystem explanation page.
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How It Works