EOS-Based Bitfinex DEX ‘EOSfinex’ Launches Affiliate Program
Source: Finance Magnates
Bitfinex’s EOS-based decentralized exchange platform EOSfinex has announced the creation of the EOS Affiliate Program, a new initiative intended to boos EOS user adoption. According to an announcement circulated to Finance Magnates, the program “allows participants to take an active stake in contributing to the growth of the community and earn a percentage of trading fees through a new revenue sharing scheme.”
Steven Quinn, the platform’s Product Lead, said in a statement that “the EOSfinex Affiliate Program is a community-focused service that promotes important EOS initiatives and projects by giving them another method to generate profit to fund their work… funding is key to the success of early-stage projects. We’re excited to contribute to that success.”
According to an official blog post on the launch, the program allows participants to earn 25% of trading fees up to three degrees. Additionally, “commissions earned through the EOSfinex Affiliate Program are paid out in real-time and give EOS projects and community members a transparent and reliable way to earn from their efforts.”
EOSfinex believes that “an affiliate program is the best way to build and grow a community.”
Quinn told Finance Magnates that “EOSfinex also believes thoroughly in the notion that an affiliate program is the best way to build and grow a community, which is why our new program doesn’t primarily target individuals and their social networks, but puts an emphasis on businesses and specifically EOS projects.”
“By focusing on businesses first, the EOSfinex affiliate program is able to provide organizations that, either don’t always have obvious sources of revenue when they start out or even those that are well-established and would like to use programs like this to fund their work and future projects, with a new revenue share plan. This applies to everyone from news outlets, to block explorers, to review sites, community portals, research publications, and businesses.
Steven Quinn, Product Lead at EOSfinex. (Source: Twitter)
”The monetary motivation is actually the smallest piece of the puzzle.”
The announcement of the affiliate program comes after several prominent voices in the crypto industry have come forward to question the ethics of affiliate programs and other kinds of performance-based marketing throughout the year.
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