a boss open a store and sell product A.
normally in the market the price of A is $1.
for marketing the boss raise the price to $20, and broadcast to everyone: "if you can introduce another guy to buy, each time he pay $20, you will get $16 as cashback."
and he also tell everyone:"if you prepay $20000, then you can get $16 cashback 9 months later each time you buy one A."
someone called this referral program.
good point
we need to ask ourselves a question: what's the fee if we don't have this referral program?
and another question: should the fee change much because of the referral program? why?
In my opinion, transfer fees and trade fees should as low as posible,
because we need more active users, and good liquility.
the value of users/liquility is much more valuable than the poor transfer fees
and I guess referral program can work even more better with low transfer/trade fee,
we can got more fees for special service, such as issue an asset, active asset's market, upgrade account ....