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Overview Referral Farms

· 2 min read

The Attrace protocol will introduce the concept of Referral Farms. There will be two types of Referral Farms, the Single-Token Referral Farms and Multi-Token Referral Farms.

Single-Token Referral Farms

Suitable for crypto or NFT projects/protocols to sponsor referrals of their token. Any token that exists on a network supported by the Attrace protocol can have sponsored referrals by utilizing Single-Token Referral Farms (e.g. ERC20, ERC721, ERC1155)

Examples of Single-Token Referral Farms:

  • Mask incentivises referrals and directs traffic/volume towards $MASK token by creating a MASK Referral Farm
  • Cryptowalkers incentivises referrals and directs traffic/volume towards their NFT collection by creating a Cryptowalkers Referral Farm

Multi-Token Referral Farms

These farms are the most suitable for ecosystems hosting token exchanges that are willing to incentivise traffic/volume towards their protocols (e.g., DEX, Marketplaces, blockchain networks). Any token that exists on networks supported by the Attrace protocol can have sponsored referrals by utilizing Multi-Token Referral Farms (i.e. ERC20, ERC721, ERC1155)

Examples of potential Multi-Token Referral Farms:

  • An NFT marketplace incentivises referrals and directs traffic/volume towards its smart contract by creating a Multi-Token Referral Farm which includes NFT collections traded on the marketplace
  • A DEX incentivises referrals and directs traffic/volume towards its smart contract, by creating Multi-Token Referral Farms which includes crypto tokens traded on the DEX
  • Blockchain network (traffic towards network tokens and protocols) incentivises referrals and directs traffic/volume towards the network, by creating Multi-Token Referral Farms which includes tokens and protocols on the network

Nikola Stevanovic
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