So I recently registered the 500th Account as an affiliate on BitShares, here are some stats and thoughts
Stats
- 512 Accounts
- 8 Life Time Memberships
Earnings
This is nearly impossible to measure, and the fundamental flaw of the referral program.
Let's assume average LTM Upgrade costs $100 (=60% to Affiliate)
- $480 earned in LTM Upgrade Fees
Cost per Acquisition (CPA)
- $480/512Ref = $0.94
Fundamental Flaw
Referral earnings are paid as vesting over the course of three months, and in volatile BitShares.
I know, I'm repeating myself in every report
however, it's impossible for a marketer to invest in Advertising models if there is no calculable ROI.
BitShares could be worth 0.001 in 3 months or 0.01... or more... or less...
Idea
- Affiliate/LTM Upgrade paid in bitUSD
- Add more exclusive LTM features
I believe this would set the foundation to bootstrap marketing efforts.