SN release: new referral system part 1 \ stacker news ~meta

3540 sats \ 18 comments \ @k00b 7 Jul meta

These are half the changes to referrals following our referral discussion.

part 1

This mostly adds more ways to get referral attribution. In addition to explicit /r/<your_nym> referrals (also invite links), nearly all links on SN are also implicit referrals:

all item links attribute a referral to the OP
all territory links attribute a referral to the founder
all profile links attribute a referral to the stacker featured on the profile

Until part 2 ships this only affects referrals for signups, but these signup referrers will be "forever referrers" and will always be rewarded for their referees even after part 2 ships.

part 2 plans

We're going to add another "class" of referrer which we're calling "one day referrers." On any given day, when a referee generates referral rewards, 50% of those sats will go to their "forever referrer" and the other 50% will go to their "one day referrer."

For our first iteration, a referee's "one day referrer" will be the stacker that referred them the greatest number of times on that day.¹ e.g. if a stacker follows 100 of my explicit or implicit referral links and 120 of ek's explicit or implicit links, ek will be that stacker's "one day referrer."

More conceptually, if a stacker created the most content that you engaged with (implicit referrals) or the shared the most links to content that you engaged with that day (explicit referrals), then they become your "one day referrer."

rewards

Implied in the above, Part 2 will also ship a new referral rewards scheme with a daily referral reward notification. As a result of part 1 and part 2, and some other changes, ALL stackers will have both a "forever referrer" and a "one day referrer" on days that they are active.²

It'll work somewhat as suggested in our referral discussion:

10% of daily rewards will go toward rewarding "forever referrers" of the stackers that receive rewards for the day
another 10% of daily rewards will go toward rewarding "one day referrers" of the stackers that receive rewards for the day

The idea here is: referring valuable stackers will be rewarded.

Overtime, we might refine this into a less "winner takes all" scheme and do something more involved like a shares system. ↩
If a stacker doesn't have a "forever referrer" initially, their first "one day referrer" will be made their "forever referrer." If a stacker generates referral rewards for the day, but doesn't have a "one day referrer" for some reason, then their "forever referrer" will also be their "one day referrer." ↩

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237 sats \ 1 reply \ @grayruby 7 Jul

Can you add a mechanism to input referral code at sign up?

Currently referral is only attributed it they sign up through the link. I have referred a couple people that signed up by coming to the site and logging in via lightning wallet. There is no way for them to attribute that referral to me.

Not a big issue. I am sure the overwhelming majority of referrals are done via link but would be a nice to have feature if when someone signs up without a referral or invite link they can attribute the sign up to another stacker.

121 sats \ 0 replies \ @k00b OP 7 Jul

Yep, this is something we want to do with maybe a prompt on signup if there isn't a link referrer.

186 sats \ 1 reply \ @ek 7 Jul freebie

These are half the changes to referrals following our referral discussion.

@k00b immediately making sure that he is a big "one day referrer" for everyone today lol

do something more involved like a shares system.

but also giving some referrals to @Undisciplined

48 sats \ 0 replies \ @Undisciplined 7 Jul

It'll be interesting to see if anyone is just dominating this metric.

173 sats \ 0 replies \ @Coinsreporter 7 Jul

So, it stands at 10% for forever referer? That means the previous 2.1% and 21% become obsolete now? I've reffered a few people here but the rewards with 2.1% were like nothing. Even I see some of them are doing good here. 10% is a good increament. I would also increase my efforts to bring more people to SN!

I agree to @grayruby that there's a need for refferal code.

Thank you for the improvement!

100 sats \ 1 reply \ @WeAreAllSatoshi 7 Jul

I’m impressed that you guys had this queued up right behind the payments-related changes recently deployed. Nice work!

0 sats \ 0 replies \ @k00b OP 7 Jul

The nice thing about those chunky changes is it makes things like this feel trivial.

52 sats \ 1 reply \ @ek 7 Jul freebie

all item links attribute a referral to the OP

all territory links attribute a referral to the founder

Since all items are inside a territory, maybe every item link should also attribute a referral to the founder to some percentage?

This could become a significant income source for founders 🤔

52 sats \ 0 replies \ @k00b OP 7 Jul

If/when we have referral shares that makes a bunch of sense.

42 sats \ 0 replies \ @IamSINGLE 7 Jul

Commenting without reading. I'm feeling super excited!! Thanks!!

48 sats \ 1 reply \ @WeAreAllSatoshi 7 Jul

This will take some time to grok, but I’m excited to see how it works!

121 sats \ 0 replies \ @k00b OP 7 Jul

It is a bit design-full, but the aspirational gist is "share more links to sn (on and off of sn) and get more sats."

10 sats \ 0 replies \ @cryotosensei 8 Jul

Trust SN to come up with something unique: forever referral vs one-day referral. Looking forward to the implementation!

10 sats \ 0 replies \ @16d86e9daa 7 Jul

SN never cease to amaze me, more rewards

10 sats \ 0 replies \ @SatsMate 7 Jul

I like this, quality over quantity. If someone brings someone on stacker news, it is optimal if they actually participate.

part 1

part 2 plans

rewards

Footnotes