Referral Pool
Last updated
Last updated
For every wallet created by a referee, the referrer and the referee’s wallets are credited with FRK50 each. The users can find in the app a personal code (the user_id
) that they can share very simply with their friends.
Every time a new user signs in, fills in the referrer’s personal code and creates a wallet in FRK, both wallets received the FRK50.
Let’s take a given content and a user that shares the content with the users , and . The user shares the content with the users , and .
As a big picture, when the user interact with the content, the user will earn 6% of the earnings of the Creator and the user will earn 80% of what earned : 4.8% of the earnings of the Creator.
If the user had haven a referrer, this referrer would have earn 3.84% of the earnings of the Creator (80%x4.8%).
Thus, the Creator earns a net revenue equal to :
Then,
Thus, the Creator earns :
The share of earnings given to all the referrers :
Let’s take a case where the user purchase a share of the content at given price .
20% goes to the Frak Foundation. Then, the Creator earns a gross revenue before referral reward equal to 80% of .
As is the referrer of at level 1 and referrer at level 2, and earn those amount :
Let’s take a case where the user , owning a of the Content , watches to the content . The Creator earns the revenue .
the Creator shares 35% of with .
10% of go to in the Content Pool.
6% of go to the Referral Pool.
As is the referrer of at level 1 and referrer at level 2, and earn those amount :
The Share of revenue given to the referees cannot exceed 30% ()