Referral Program
The OpenRWA Referral Feature is a powerful growth tool that turns your existing investors into brand ambassadors. By offering a "Give-Get" incentive, you can lower your acquisition costs while rewarding loyal community members.
How the Referral Loop Works:
Admin creates a program with specific rewards.
Investor A (Referrer) shares their unique invite code.
Investor B (New User) signs up using the code and receives a discount coupon.
Investor B makes an investment using the coupon.
Investor A automatically receives a cashback reward based on a percentage of that transaction.
Creating a New Program
To get started, navigate to the Referral Management section in your Admin Dashboard.
Configure New User Incentives (The "Give")
Define the "welcome gift" for the person being referred:
Coupon Value: Set a fixed discount amount or percentage.
Max Discount Limit: If using a percentage, cap the maximum discount possible.
Coupon Validity: Set how many days the user has to use the coupon after signing up (e.g., 14 days).
Managing Your Programs
Once a program is live, you can manage it from the View Programs tab:
Extend Program: If a campaign is performing well, you can push the end date further out.
Discontinue: Stop a program immediately if you’ve reached your budget or want to change strategy.
Investor Tracking: In your Investor List, a new column "Referred By" will appear. This shows the email of the person who invited that specific user, allowing you to see which investors are your top promoters.
Analytics & Performance
Knowledge is power. Use the Referral Dashboard to track:
Growth: Total signups and new registered users specifically from the referral link.
Financial Impact: The total value of discounts given to new users vs. the total cashback paid out to referrers.
Conversion: Detailed logs of transactions made by referred users to see the actual ROI of your program.
Investor Guide
For the Referrer: How to Share and Earn
If you are an existing investor on the platform, you can earn cashback directly to your wallet by inviting others.
How to get your code:
Log In: Sign in to your OpenRWA account.
Find the Referral Link: Click on your account dropdown (top right) and select Referrals.
Note: This link is only visible when an active referral program is running.
Connect Your Wallet: Click the "Get my invite code" button. You must have a wallet connected so the system knows where to send your cashback rewards.
Share: Copy your unique code or link and send it to your network.
How you get paid:
When someone signs up using your code and makes an investment:
You receive a percentage-based cashback of their transaction amount.
The reward is automatically calculated and tracked via your Referral Performance dashboard.
You can view your total earnings and transaction history in the Referral section of your profile.
For the New User: How to Claim Your Discount
If you’ve been invited to OpenRWA, you are eligible for a welcome discount on your first investment.
How to claim:
Sign Up: Click the referral link provided by your friend or enter their Referral Code manually during the registration process.
Receive Your Coupon: Upon successful signup, the system will automatically generate a discount coupon for you.
Check your "My Coupons" section to see the validity (usually 14 days).
Invest: Browse the available asset tokens and head to the checkout.
Apply Discount: During checkout, select your referral coupon. The discount will be applied immediately to your total investment amount.
Last updated