:freetrade: Referral rewards

[anon2636484]

There could be when the roadmap’s made public but as far as I know, there isn’t yet. I guess that for now good karma (& of course, getting bumped up the waiting list) is our reward

Some other users have bounced ideas for incentives around so I’ve created this topic to make the discussion easier to find & moved your post over, I hope that’s ok!

I’d be curious to hear your thoughts about the suggestions for rewards so far..

Just to keep everything in one place, Vlad mentioned this too -

@Vlad

for every referral freetrade pays a small fee if the customer signs up for a paid option within x months

Or alternatively, give a greater value to the customers (give them more than they could have paid for with the “ small fee ” and yet not incur any monetary expenses yourself.

For example : You invite a friend. He/She pays for Alpha for a month. You get Free Alpha for a month as well. And you can do such thing with unlimited friends but can only get 1 month per friend. This way you could hypothetically keep perpetual Alpha for free as long as you refer 12 paying friends a year and that is £100-120 revenue a month at a physical cost of next to £0 but a £10 giveaway value a month to that very friendly individual.

If it was to be a one-off occasion for an individual, Freetrade’s incremental revenue is still £10 per person with £0 cash expense (but you provide £20 in value, ultimately at a 50% discount).

Of course, they may be a risk of “let’s use their generosity and revert back to Basic” kind of people, but people are equally likely to keep their Alpha if they enjoy it. Particularly given future-coming enhancements of it.