Let's talk about BitShares and affiliates.
BitShares is one of the first Blockchains to offer a single level affiliate program.
Means you can invite people and earn on their paid-for actions on the Blockchain.
How to Participate
Requirements
- Your account must be Life Time Member
Life Time Members get 80% of any fee they pay back!
Refer
- Your Referral Link is located in
Membership
Example: https://bitshares.openledger.info?r=YOURUSERNAME
Earnings
Here's a simple earnings example:
- You Refer UserB.
- UserB upgrades to Life Time Membership (LTM) to save on market fees.
UserB paid: 17,612 BitShares for the Upgrade
You earn: 10,567 (60%) ~ around $50!
Registrar Earns: 3,522 (20%)
Network earns: 3,522 (20%) - this is used for self-sustaining eg. Workers and other on-chain stuff
Vesting
The BitShares of the above mentioned example moved to Vesting Balances and can be fully claimed after 90 days. Vesting is used to prevent cheating on the system.
You are free to hit CLAIM NOW any time - but note that you'll vest a bit longer for the remaining Vesting balance amount. Time is the price you pay for early claiming.
Nice to know: Your LTM rebates accumulate under this tab too!
Let me know if you got any further questions in the comment section below.
Find more BitShares Tutorials under http://smarturl.it/howtosteem