Re: Would you market a project if it paid you this much ?

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.

I think you should remove the term "pyramid scheme" from your post because it's very negative in the cryptocurrency world. In addition, matching this term with the name of the project, unfortunately, negatively affects its image.
From what I understood, for the price of 0.0103ETH you just sell a guide on how to get to the referral program.
This is a slightly different solution, but if you want to encourage people to this program, then you should give such a guide for free, not sell it.

no, I am not selling a guide how to get to the referral program, the fee is to cover some costs of making a video for you which you can use to present referral program to others. This symbolic fee of slightly more then $1 is to make sure that users at least will try to promote the project and not just receive the video and never use it. That video would mention your referral number so if people watch that video and join the program using your referral number, you would get paid. As for using the phrase "pyramid scheme" its just to explain the concept how it works, of course there is no scheme, but I understand what you mean. STIXEX exchange has been around since 2018 so its very unlikely that it would scam someone for little over then $1

Is this video not a guide?
If the referral program is good, its quality should encourage users to participate.
If you charge a fee to download it, in my eyes it is selling.
So selling a video about a loyalty program is a kind of pyramid. You will avoid this type of comparison if you give people video for free and let them earn money on the referral program. Otherwise, unfortunately, it will look more like a pyramid than an affiliate program.

You make a good point, I was just trying to figure out how to make sure that people will try to promote the site after they receive the video. The video has to be made individually for each participant because each video has to have referral number that is unique. Paying a small fee would show the seriousness of the potential user and would serve as some sort of guarantee that they will post it . Otherwise we might spend a bunch of time and resources on making videos for people who might forget about it the next day and never even upload it to their social media. I have to do some more thinking.