PrimeXBT team welcomes you to become our partner and offers you a share of our trading commission for attracting new traders to the platform. Spread the word around, inspire market participants to join, become a role model and a success story to lead the crowd. Doesn't it seem like a ponzi scheme for this? Sorry but this scheme should be prevented for me since gaining profit from this kind of referral business is not my tipe.
It's a ponzi scheme at all !! you just saw that scheme and you thought about Ponzi scheme ! It's referral competition, no one is going to invest a cent, not you, not your referrals. It used almost in every platform, even Coinbase has Referrals Program.
Why do you call it ponzi scheme? The platform earns commissions and it shares it with the person who brings the client to the platform - it's a normal thing as the platform do not have to pay for marketing. Coinbase, Binance and Bitmex are also ponzi schemes?