This looks really amazing for the account recovery feature. Although I read your post several times...still having a hard time understanding how the referral rewards part works. Where does this bonus come from? The initial account creation fee? The referrer setting their own price to sell accounts for...seems like in some hands it could become abused. What about competitive pricing among power users? Not throwing shade...just genuinely wondering how this will work out in the long run based on my current understanding.
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Konishiwa @creativesoul, you have very wise questions. The chi is high in you. While we agree that some sort of competitive pricing mechanism can come in later. For now this solution will solve most instant on boarding problems. There could be some sort of power user input to the price as this moves forwards. In terms of abuse, if you are talking about people selling the accounts too high, we agree, and have set a top side cap so that people cannot sell too high. We will leave you to work out what this is inside the affiliate part of our platform. We feel that the most important thing is that the Steem Ninja helping to onboard new users, as well as sell Steem Power delegation should be rewarded for their hard work. this is early days and we hear your concern. We keep a close eye on the prices people are selling for and will be able to see any trends that move towards abuse. We have set the starting price low since we believe that onboarding should be affordable. We hope that we have set the price low enough so that the Steem Ninja seller can also make a respectable reward for themselves
Even a reasonable fixed referral bonus or 'markup' should be incentive enough to encourage the onboarding of new users...but yeah it's still early days! Very happy to learn about the topside cap. It just occurred to me that someone might feel ripped off...unknowingly buying an account marked up high and realizing later on another referrer is offering a link to the same service for lower. On a large scale this seems like it might make steem look like a scam and this probably won't help with user retention. Anyways...thanks for getting back to me. I have this annoying habit of trying to see fifty steps ahead of any given scenario. Interested in putting a few links on my website when it goes live :)
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This is something we will watch very closely, of course we want to avoid the 'ripped off feeling'. This is why we put the cap. however, yes, its early days, lets see how it goes. It may be that other users want to sell an account that includes other benefits / products for example. Thanks for this very insightful question. It is noted and we will adjust the way this works if required.