I'd also like to draw up a few simple rules for the referral program:

1. No newbie accounts.

Both the referrer and referee must have accounts at least a month old, and the referee must not be an existing root holder (May not have made any posts in this thread).

2. The coins must be bought from an exchange.

This should be fairly easy to verify via the txid and wallet addresses, as it is mainly just bittrex where Root is being traded currently.

3. The coins must be held either in cold storage or staked for at least one month from the initial transaction.

This can again be verified in the blockchain that the referee has not sold the coins again and then re-bought at a later stage to claim the reward.

4. People may only be referred once, and there shall be a limit of 'x' referees per person (maybe 5, 10?).

This is to minimize the possibility of any exploitation of the program.

I would also appoint myself, Studio1one and another member of the Root community to verify and detect any exploitation of the program.

So, what do we think?