What is being said by OP is possible and mutually beneficial. However, in reality, this won't be that effective, as the person who got the referrals under him needs the mind to share the money generated through the referrals joined under him. This is a big marketing plan that is being followed by every gambling platform. Also, the referrals were possible for people who have got good social media connections, and those people find this as a reward for what they've done, and they won't easily share the money generated out of it. These kinds of planning are common thoughts, but none have executed and shared any information regarding it.