We talked about Fairpool marketing.
Fairpool is a great proposition for influencers, because it allows them to make 75x more money than referral links.
Let’s compare a Bybit reflink with Fairpool. These are very different products, but they both make money for influencers, so we can compare them.
Bybit: ~20% referral fee on 0.1% trading fee = 0.02% from each trade.
Fairpool: 10% royalty at 30% spread = 3% from each buy trade.
Assuming there’s an equal volume of buy & sell trades, Fairpool is better than Bybit by (3% / 2) / 0.02% = 75x.
Additionally, Fairpool is a new narrative - something to talk about. Bybit is quite similar to most exchanges, while Fairpool is something completely new.
That’s why we believe we’ll succeed in convincing the influencers.
Looking forward to finishing the smart contract & getting to marketing!