Post
Topic
Board Announcements (Altcoins)
Re: [ANN] {CredenceCoin} - CRDNC - Lending-Staking-Referrals-Mining
by
credencecoin
on 05/11/2017, 02:17:24 UTC


I have not seen 1 person in here mention that the referral system works differently than all the other lending platforms. I love how they have it set up! To only pay 0.1% after your 6th referral. All the other platforms pay the recruiter 7% or so for every single person they bring in and then they tier it down where they earn commission off their downlines recruits also. Credence is completely different... only the direct recruiter gets a commission and it goes lower each time you recruit someone until it hits 0.1%. So MaxiCripto the referral system does have its feet on the ground.
Hi 9to5, yes you are we think the first person to mention it, it is all a part of our plan for Credence to remain stable, for the long term.  And yes it is one of the features of the coin, it means you still get paid for every referral, but it does not compound down to your referrers referrals, we think that builds too much of a bubble.  

To be honest we probably should have promoted that part of the white paper more than we did, however it also explains why there are not thousands of Youtubers jumping all over Credence, yes you can make money from referrals, but not unrealistic returns, even Bitconnect has recently changed their referral program because they have had a look and see it as not being sustainable long term, that is why we believe ours is, you will still make money from lending, you will still make money from referrals, and you will still make money from staking at 20%.

And that is also another reason why we are able to offer the Platinum Rewards for certain You-tubers.

You should also note that there may at anyone time be either 0 or 3/5 but never more than 10 Platinum referrers, so it will not affect the coin in a negative way, we will only offer that where we can see that by doing so, the coin will gain value from it, if not, it won't happen.  

So amongst the last few pages of negativity from some posters, thank you for pointing out and highlighting a very important feature about Credence that we believe gives it value and sustainability over the long term.

In hind-site I guess we never mentioned it or spoke of it here, because no one asked and we presumed everyone was aware of it via the white-paper.    Smiley