Invitation codes
Last updated
Last updated
The invitation code system is a key feature in FRQTAL's growth strategy, as it allows our current users to invite new users to the FRQTAL ecosystem and users who are direct contacts of the first key users that FRQTAL wants to acquire. This not only promotes the organic growth of the platform, but also rewards users for doing so.
To better understand how this system works, an existing user can generate a unique invitation code, which can then be shared with friends and family. When a new user registers on FRQTAL using an existing user's invitation code, both users receive additional rewards.
LIMITING THE CODES: The idea of limiting the number of invitations a user can send also helps maintain a special status in the user's mind, as they feel part of a select community that has access to the app. This feeling of exclusivity can increase user loyalty and commitment to the app.
In addition, the possibility of receiving XFRQ as a gift from the person who invites them is also an incentive for users to share their referral code. This can increase user interaction and engagement with the app, as it gives them a reason to use it and recommend it to others.
Once the user receives the text message with the invitation code, they can use it in the FRQTAL app. They simply need to enter the code in the invitation code section of the app, and they can start enjoying the benefits of the app.
It is important to note that the flexibility of receiving the text message in the preferred messaging app makes the invitation process more comfortable and accessible for users. In addition, this can make it easier to share the invitation code with friends and acquaintances, as the user can send the text message directly from the messaging app they use most frequently.
Here is a list of possible rewards that a referring user may receive:
Additional XFRQ tokens for their account.
Reduced commissions and fees on transactions on the platform.
Early access to new features and tools on the platform.
Participation in exclusive rewards programs and competitions.
Access to exclusive events, artists, and creators who upload content to FRQTAL.
Access to exclusive educational content on blockchain and cryptocurrencies. Priority customer support and personalized attention.
Discounts on purchases of products or services in stores associated with FRQTAL.
Exclusive investment opportunities and access to crowdfunding projects through the platform.
It is important to highlight that these rewards may vary depending on FRQTAL's specific reward strategy, and rewards may be added or removed over time. However, what is certain is that FRQTAL will value and reward users who refer new users to the platform's ecosystem.
This strategy has been successfully used in various cryptocurrency and blockchain applications, including Coinbase and Binance. On both platforms, users can generate invitation codes to share with friends and receive rewards in the form of cryptocurrencies. This has proven to be an effective way to attract new users and foster organic growth on these platforms.
At FRQTAL, the invitation code system will be an integral part of our growth strategy, and we hope our existing users will be motivated to share our platform with friends and family. By doing so, they will not only be helping FRQTAL grow, but will also be rewarded for their efforts.
Next, we will show you how our invitation code program works so that you can accurately understand what happens when you collaborate with us on this great project.
The creator (User C) creates their collection or a single NFT and puts it up for sale (2.5% Frqtal Payments commission, for the ramping of money, if the user acquired XFRQ coins directly in the app).
The buyer acquires this NFT or collection.
A percentage of the purchase value is received by the seller (User C) immediately (70%).
A percentage of the purchase value (+30% stacking) is received by the FRQTAL organization, which invests this value to generate more (this is where part of the royalties distributed to users come from).
The buyer (User F) acquires the FNFT as their property.
The buyer (User F) unlocks the digital content of the creator's channel.
The creator (User C) receives monthly royalties of 1% of the (+30% stacking) of the price of the sold FNFT or collection until there are no more XFRQs to distribute.
The buyer (User F) receives monthly royalties of 0.5% of the (+30% stacking) of the price of the purchased FNFT or collection until there are no more XFRQs to distribute.
Frqtal Labs receives monthly royalties of 0.467% of the (+30% stacking) of the price of the purchased FNFT or collection until there are no more xFRQs to distribute.
The person who referred the seller, if they exist, at the first level (User B), receives 0.03% of the (+30% stacking) of the price of the purchased FNFT or collection until there are no more xFRQs to distribute.
The person who referred the seller, if they exist, at the second level (User A), receives 0.03% of the (+30% stacking) of the price of the purchased FNFT or collection until there are no more xFRQs to distribute.
Other things that happen when this buying and selling occurs is that the suggested value in sales and auctions within the app increases by 3% when each item in a collection is being sold.
