Hi guys, I am trying to figure out different ways to promote a crypto project, specifically crypto options exchange/betting site (
https://www.stixex.io/ ). It allows people to place bets on the color of the next candlestick in the price chart, Red or Green, I made a post about it yesterday. Anyway, the team has been thinking about creating a referral program that works like a "pyramid scheme" but without a scheme

In other words, you would activate an account with the exchange, this process requires no paperwork just a minimum deposit of 0.0103ETH (about $1.30 at current prices), and in exchange you would receive a video about this referral program with your reference number mentioned in it (initial deposit would be non-refundable). You would post this video on your social media and if anyone decides to participate in this program, you would receive 0.01ETH for each referral. In summary, you would pay 0.0103ETH which would go towards making a video that you can use to promote the program, and all the funds collected from new participants using your referral number would go to you. What do you think ? Please share you ideas how to improve it. Thanks.