Purpose
This article explains how the Gala Referral Incentive System works and how users can benefit from referring friends and family to the Gala Games and Entertainment ecosystem.
Assumptions Made
This article assumes you understand the information in the following articles:
Sign Up for a Gala Games and Entertainment Account
Refer a Friend to the Gala Games and Entertainment Ecosystem
Summary
The Gala Referral Incentive System rewards users for referring friends and family to the ecosystem. Referrers can earn benefits when their referrals engage in activities supporting the ecosystem such as:
- Purchase by burn
- Gas fees
- Channel establishment fees
In the example above, User A invited User B to sign up for an account using User A's unique referral link. User B accepted the invitation and started actively participating in the ecosystem by purchasing NFTs contributing 1000 $GALA. User A earns rewards equivalent to 8% of the burned amount as a referrer, totalling 80 $GALA.
User B decides to refer their friend, User C, using User B's referral link. User C gets involved in ecosystem activities such as purchasing NFTs, contributing 1000 $GALA. User B earns 8% of the burned amount as a reward, totalling 80 $GALA, as their referrer. Simultaneously, User A receives 2% of User C's burned amount based on User B's referrals, rewarding User A with 20 $GALA.
It creates a chain of benefits that incentivizes community growth, encourages active participation, and rewards contributions for the betterment of the Gala Games and Entertainment ecosystem.