What may Proton referrals program look like

There is still no referrals program in Proton, we look into what could possibly look like based on the information we have so far.

3 years ago   •   3 min read

By ProtonUK

No doubt referral program will be very beneficial for Proton and it allow organic growth over the coming months. This is a great way to drive traffic and new users to Proton Wallet.

Let's take a step back and look at what Metal Pay referral program was. Announced in November 2018, you get $10 worth of MTL when you refer a friend and your friend get the same. Sadly it was decommissioned in late 2020/early 2021. At the time of announcement, MTL was trading at $0.28

From what we know Fred already started work on the referral program earlier this year and have put forward the following proposal:

Start of a proposal for the first on-chain referral program: Proton Rewards.
“Show me the incentive, and I will show you the outcome.” — Charlie Munger

Here is what the suggested referral flow looks like:

From this, we can tell that only referrals done through Proton Wallet will qualify. The invite will be sent over email but it could be similar to what Metal had, a unique URL that you can send a friend to sign up.

Now, Fred has departed Metal since but was kind enough to join the telegram group and gave some insight:

We don't know what the payout could be. Looking at Metal, the referral bonus was $10 worth of MTL. It was trading at $0.28 when the program was announced or about 30-35 MTL. Now, Proton is trading at a much lower value at the moment, at 0.004 hence $10 worth of Proton would give you about 2500 XPR. To avoid abuse of the program there could be a requirement for KYC or lock up of XPR for a certain amount of time.

Referral programs are subject to change thus it's very likely to see the payout lowered if there is an excess supply of XPR.

I expect the payout to be the same as Metal ($10) and the referral to be in the form of an email invite or referral URL or you simply put a referral code when you sign up to Proton Wallet.

I hope we get this soon! Stay tuned for more updates.

UPDATE 24.06.2021

Just a day after I posted this Fred posted screenshots from an affiliate program he works on with EOS Costa Rica:

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