Referrals

Earning RAD for Referring Customers

We've established a customer referral program to incentivize word-of-mouth marketing and reward our customers for referring new ones.

Early Adopters

As an early supporter of our project, you can earn RAD ownership as a reward through two methods: referring customers to us and staking equity NFTs. However, once we launch our blockchain, RAD rewards will no longer be distributed, and instead, customers will be paid in RAN, the native token on the Real Asset Network. Referral rewards from RAD will end once the pool runs out, so act now to take advantage of this opportunity. In the future, we will switch from rewarding with RAD to RAN, but we will always prioritize word-of-mouth marketing as a key part of our system.

Referral payouts

For each referral, we pay out one RAD for every 1913 dollar worth of equity value. Based on the latest available data as of January 1st, 2023 one dollar from 1913 is equivalent to $31.02. For example, if a home is worth $400,000 with a first mortgage of $300,000, the equity value would be $100,000. By minting an equity NFT for $100,000, which is equivalent to approximately 3,223 worth of 1913 dollars (Equity / 1913$ value = amount of referral rewarded), the referrer would receive a reward of 3,223 RAD tokens for the referral.

Notably, the referrer is not the only one who receives payment. The referee is also rewarded with the same amount of 3,223 RAD tokens. This approach eliminates any potential dispute between parties about receiving payments.

For example, suppose Person A refers Person B, who then refers Person C, and C refers D. The payouts for Person A would appear as follows based on referrals from B to C to D to E and to F:

1. For person B reward =3223 RAD.

2. For person C payout = 322 RAD (10% of C's equity assuming $100,000 in equity).

3. For person D payout = 166 RAD (5% of D's equity assuming $100,000 in equity).

4. For person E payout = 66 RAD (2% of E's equity assuming $100,000 in equity).

5. For person F payout = 33 RAD (1% of E's equity assuming $100,000 in equity).

Person A is receiving all of these payouts simply for referring Person B. This approach eliminates the need for us to spend money on marketing and advertising. Once we have exhausted the referral pool and successfully launched the blockchain and our DeFi platform, we may consider transitioning to a more conventional advertising model. However, we may perpetually run a referral model but transition from paying out RAD to paying RAN.