Referral programs are one way to attract new users to web3 projects. But what are they, and what are their benefits for projects and users? Let's get to the bottom of it.

➡️ What is a referral program in web3?

A referral program in web3 is a mechanism by which users invite new users to a project using a special personal link or code. When a new user registers using this link or code, they usually receive some kind of bonuses or rewards. For web3 projects, referral programs are an opportunity to scale and share audiences effectively.

• You can invite your friends and earn more OGC tokens. Check out our article on how to do this.

➡️ Why are referral links good for users?

Referral programs can be beneficial for the users themselves. After all, by inviting new users, they can earn additional bonuses or rewards, improve their experience using the platform, and even expand their reach within the project.

➡️ In our community, we use referral links for several reasons:

1. Funds earned from the project are sent to the community pool and DAO decides what to do with them, whether to distribute them among all users who staked coins or to invest them in a project.
2. Our users always receive bonuses from partners
3. Links help to track the traffic going to our partner.

➡️ How can users make the most of a referral offer?

To make the most of the referral offer, users can share their referral links with friends and acquaintances. In addition, it is important to be careful about the official sources of information about the program to avoid scams or unscrupulous offers.

Thus, referral programs play an important role in the development of web3 projects by providing users with additional opportunities and incentives to participate in spreading the word about the platform. Properly used, they can be a profitable tool for both projects and their users.

#referral #ogcacademy

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