Referral - Revision history

Slackjore: updated name

2019-01-20T19:18:16Z

updated name

Punqtured: 6 revisions imported

2019-01-19T22:20:11Z

6 revisions imported

Slackjore: revised attestation reward and referral reward

2018-06-16T13:22:54Z

revised attestation reward and referral reward

Slackjore: added clarification of what a referral is

2018-05-30T15:58:43Z

added clarification of what a referral is

Slackjore: added a section on multiple referrers

2018-05-23T22:03:15Z

added a section on multiple referrers

Slackjore: added email attestation transparency section

2018-05-20T10:38:43Z

added email attestation transparency section

Slackjore: added section for whitelisted email attestation reward

2018-05-20T10:32:01Z

added section for whitelisted email attestation reward

Slackjore: copypasta

2018-03-10T17:37:13Z

copypasta

New page

== Attestation reward ==
Every new user who successfully [[identity verification|verifies]] himself for the first time will receive $20 in Bytes from the distribution fund. With $8 they have to spend for verification, it is net $12. The amount seems large enough to care about but not too large to bother about instadumping.

Attestation is available only for single-address wallets, and to avoid confusion, starting with version 2.1, the default ("Small expenses") wallet of new users is created as single-address (nothing changes for old users). Users can still easily add another wallet and make it multi-address for better privacy. The second wallet is not linked to the user’s verified identity and can be used anonymously.<ref>https://medium.com/byteball/distribution-to-verified-users-and-referrals-ed00b9b2a30e</ref>

The attestation reward usually takes 15-30 minutes to be paid.

==Referral reward==
By referring a new user, the referrer also receives $20 after the referred verifies himself. The referrer must be also verified at this moment. The referral reward takes a few hours to come through.

==Transparency==
This address is used to pay attestation and referral rewards: https://explorer.byteball.org/#RJIUGYIVHM5TAZHU3ZPNTNZL5JF4JUTN<ref>https://bitcointalk.org/index.php?topic=1608859.msg30605651#msg30605651</ref>

==External links==

==References==
<references />

[[Category:Features]]

@@ Line 7: / Line 7: @@
 ===Real-name attestation referral reward===
-By referring '''a new user''', the referrer also receives $20 after the referred verifies himself. The main purpose of this referral reward is to encourage new Byteball users. The referrer must be also verified at this moment. Just like the attestation reward, the referral reward of $20 will be deposited to a smart contract with a 12 months vesting period and a two year expiration time. Restoring a wallet from seed will not bring back access to the contract. So remember to regularly make full backups.
+By referring '''a new user''', the referrer also receives $20 after the referred verifies himself. The main purpose of this referral reward is to encourage new Obyte users. The referrer must be also verified at this moment. Just like the attestation reward, the referral reward of $20 will be deposited to a smart contract with a 12 months vesting period and a two year expiration time. Restoring a wallet from seed will not bring back access to the contract. So remember to regularly make full backups.
-Referral rewards don't get paid if the second person is performing attestation in the same wallet. It isn't a referral. A referral is getting a second person to install the Byteball wallet on his own device (smartphone or computer) and doing an attestation from that device/wallet, using Bytes received from the first person.
+Referral rewards don't get paid if the second person is performing attestation in the same wallet. It isn't a referral. A referral is getting a second person to install the Obyte wallet on his own device (smartphone or computer) and doing an attestation from that device/wallet, using Bytes received from the first person.
 ===Transparency===
@@ Line 17: / Line 17: @@
 See [[attestation]] article.
-When email attestation is done for a whitelisted domain, there is an attestation reward of $10 in Bytes, paid only for the first attestation of each Byteball or email address.
+When email attestation is done for a whitelisted domain, there is an attestation reward of $10 in Bytes, paid only for the first attestation of each Obyte or email address.
 ===Email attestation referral reward===

@@ Line 1: / Line 1: @@
 == Real-name attestation reward ==
-Every new user who successfully [[identity verification|verifies]] himself for the first time will receive $20 in Bytes from the distribution fund. With $8 they have to spend for verification, it is net $12. The amount seems large enough to care about but not too large to bother about instadumping.
+Every new user who successfully [[identity verification|verifies]] himself for the first time will receive $12 in Bytes from the distribution fund. With $8 they have to spend for verification, it is net $4. The amount seems large enough to care about but not too large to bother about instadumping.
 Real-name attestation is available only for single-address wallets, and to avoid confusion, starting with version 2.1, the default ("Small expenses") wallet of new users is created as single-address (nothing changes for old users). Users can still easily add another wallet and make it multi-address for better privacy. The second wallet is not linked to the user’s verified identity and can be used anonymously.<ref>https://medium.com/byteball/distribution-to-verified-users-and-referrals-ed00b9b2a30e</ref>
-The real-name attestation reward usually takes 15-30 minutes to be paid.
+The real-name attestation reward is held in a [[smart contract]] and paid after a year.<ref>https://medium.com/byteball/distribution-to-verified-users-and-referrals-episode-ii-29b6f1cd4ecc</ref>
 ===Real-name attestation referral reward===
-By referring '''a new user''', the referrer also receives $20 after the referred verifies himself. The main purpose of this referral reward is to encourage new Byteball users. The referrer must be also verified at this moment. The referral reward takes a few hours to come through.
+By referring '''a new user''', the referrer also receives $20 after the referred verifies himself. The main purpose of this referral reward is to encourage new Byteball users. The referrer must be also verified at this moment. Just like the attestation reward, the referral reward of $20 will be deposited to a smart contract with a 12 months vesting period and a two year expiration time. Restoring a wallet from seed will not bring back access to the contract. So remember to regularly make full backups.
 Referral rewards don't get paid if the second person is performing attestation in the same wallet. It isn't a referral. A referral is getting a second person to install the Byteball wallet on his own device (smartphone or computer) and doing an attestation from that device/wallet, using Bytes received from the first person.

@@ Line 7: / Line 7: @@
 ===Real-name attestation referral reward===
-By referring a new user, the referrer also receives $20 after the referred verifies himself. The referrer must be also verified at this moment. The referral reward takes a few hours to come through.
+By referring '''a new user''', the referrer also receives $20 after the referred verifies himself. The main purpose of this referral reward is to encourage new Byteball users. The referrer must be also verified at this moment. The referral reward takes a few hours to come through.
 ===Transparency===

← Older revision		Revision as of 22:03, 23 May 2018
Line 24:		Line 24:

	You can watch email attestations taking place in real time at https://byteball.co.		You can watch email attestations taking place in real time at https://byteball.co.
		+
		+	==Multiple referrers==
		+	It can sometimes be difficult to tell who will get the reward if more people have sent bytes to the user performing the attestation. Therefore, if you want to be absolutely sure you get the referral reward, ask the user to create a new (single-address) wallet that has no bytes in it. Send your bytes to that wallet and ask the user to perform the attestation from that wallet.

	==External links==		==External links==

@@ Line 10: / Line 10: @@
 ===Transparency===
-This address is used to pay real-name attestation and referral rewards: https://explorer.byteball.org/#RJIUGYIVHM5TAZHU3ZPNTNZL5JF4JUTN<ref>https://bitcointalk.org/index.php?topic=1608859.msg30605651#msg30605651</ref>
+This address is used to pay real-name attestation and real-name referral rewards: https://explorer.byteball.org/#RJIUGYIVHM5TAZHU3ZPNTNZL5JF4JUTN<ref>https://bitcointalk.org/index.php?topic=1608859.msg30605651#msg30605651</ref>
 ==Email attestation reward==
@@ Line 19: / Line 19: @@
 ===Email attestation referral reward===
 If you attest your email address (not necessarily on a whitelisted domain) and then send Bytes to someone else who later uses these Bytes to pay for attestation of a whitelisted email, then the referred user receives the attestation reward and you receive a referral reward, which is also $10 in Bytes.<ref>https://medium.com/byteball/distribution-to-verified-emails-and-sending-cryptocurrency-to-email-episode-ii-cb955fe19d7e</ref>
 ==External links==

← Older revision	Revision as of 22:20, 19 January 2019
(No difference)