Effective June 11th, Brave has halted the referrals program in China, Indonesia, Russia, Ukraine, and Vietnam citing fraudulent activities as a reason. The creators in these countries, new and old, will no longer be able to earn rewards for the referrals they make. However, this isn't a permanent move and referral system will start again i these countries once they find a solution to curb those fraudulent activities.
Further, from the 11th of June, you will now require a verified uphold account to make referrals. This is a setback to some people who prefer to be anonymous. However, they can still use Brave freely and earn from ads and tip their favorite creators. Brave said that this is a necessary measure that needed to be taken to curb fraudulent activities.
Initially, the referral rewards were capped at $1 million in BAT tokens but because of its huge success, Brave decided to continue it. There are more than 15 million users using Brave browser monthly and the number keeps on growing.
I think there will be slight slowness in the growth of Brave browser as many creators will stop recommending Brave to new people. However, there are plenty of people willing to do ID verification to earn some bucks and maybe, it won't be a big dent after all.
