The 6 Best ERC-721 Referral Programs

The 6 Best ERC-721 Referral Programs

1. Factbar - even split of claim fee for all referred users, convenient affiliate dashboard and provided images and videos
2. Etheremon - pays EMONT to both you and those you refer based on the level achieved in the game
3. Gods Unchained - receive 10% of all pack purchases from those you refer
4. Ether Online - 10% lifetime dividends from all purchases after users join based on your link
5. OpenSea - marketplace that offers 1% of all sales for a variety of crypto collectibles
6. MegaCryptoPolis - Bounty Campaign where users can be entered to win blocks of virtual land by posting about the game on social media

Do I Have To Buy These Assets To Participate In Their Referral Programs?

It depends on the asset. For the Factbar and OpenSea programs, all you have to do is provide your link, and you'll be paid in Ether for anyone who makes a purchase based on your recommendation. For games like Etheremon and MegaCryptoPolis, you're earning tokens that are only valuable in the game, so if you don't play yourself, you won't find them very useful. That means these are best for those who want to refer friends, while affiliate programs are better for those who review dapps online.

In Depth

Thanks to dapps like CryptoKitties and CryptoCountries, ERC721 tokens have taken the Ethereum blockchain by storm. These unique assets have attracted big investment from those who see their potential. Early adopters know that the success of any dapp largely comes down to getting the word out, and are keen to find ways of monetizing their blogs, YouTube channels, and other referrals to these applications.

Cryptocurrencies like Bitcoin and Ethereum have risen in value largely because of word of mouth, as more and more people become excited about the future of blockchain technology. One way YouTube personalities can make money from educating the public is from affiliate links to exchanges and other crypto sites.

Affiliate links help drive the Internet economy. If you're interested in buying a suitcase, you may look up websites on Google that have reviews. On those pages, you'll see links to certain brands. When you click on the links, they take you to Amazon, where you can buy your choice. Those are affiliate links. Those sites offer up space to Amazon, and if you buy those items after clicking their affiliate link, they get a cut. It's almost impossible to surf the web without encountering affiliate links.

Those are affiliate links.

In the case of cryptocurrency, they have become somewhat controversial. Sites like Bitconnect have been accused of essentially being pyramid or ponzi schemes, where investors could only make money if they convinced others to join, misleading readers with promises of guaranteed income. And the rise of idle games like Ether Shrimp Farm and dapps like Proof of Weak Hands 3D and Gandhiji has increased fears that blockchain will be seen as illegitimate if it is overrun with scams.

Many of the dapps that use referral links to entice users are fungible ERC20 tokens. In these dapps, such as PoWH3D, users earn Ether for everyone they refer who ends up buying in. But those people who buy in will only earn a profit if others down the line continue making transactions, which encourages them to keep referring, and so on. The issue is that people may be earning a profit from these games by referring, but not from playing the game itself, which may just be an excuse to keep the referrals coming.

ERC721 tokens don't have this problem because their supply isn't designed to get diluted. ERC721 is a standard for unique digital assets, the most notable of which was CryptoKitties. Each kitty is unique, so users who want one with rare traits will pay a lot of money for them. If someone else joins after you, they have just as much of a chance of earning a profit as you do, because their tokens are worth different amounts from yours. Their worth comes from rarity, not from the number of people who buy them.

Their worth comes from rarity, not from the number of people who buy them.

Because of this scarcity, ERC721 tokens largely don't have referral links. However, there are a few dapps that have created affiliate programs where users can invite friends or post a link to their blogs, and receive an incentive if people make purchases through those links. When more people join, it doesn't then become harder to earn a profit, so they avoid the dodgy problems associated with some ERC20 tokens.

We've collected a list of the best referral programs for ERC721 tokens. These range from collectibles to games to marketplaces, and each program is a little different. If you're hoping to get credit for telling others about crypto, this is a way to do it without getting involved in scams. Here are six of the best programs out there.

Starting off the list at #1 is Factbar. These ERC721 tokens are based on facts that are researched and verified, and the affiliate percentage can't be beat. If someone you refer claims a Factbar, the site will split the claim fee with you down the middle, meaning you're getting 50%. The money is paid on a monthly schedule, and you can keep track of your earnings through the affiliate dashboard.

These ERC721 tokens are based on facts that are researched and verified, and the affiliate percentage can't be beat.

Another plus for Factbar is that the site provides high-resolution images and videos of your Factbars that you can use elsewhere on the web. This means that not only can you promote the site through your affiliate link, but those who own Factbars can advertise them using the videos provided, giving users greater ability to affect the marketplace than most crypto collectibles. Factbar provides step by step instructions and a zip file of images to use with your affiliate links on its website.

At #2 is Etheremon, ERC721 tokens in the form of digital monsters that battle it out in the vein of Pokemon. Etheremon's affiliate payout structure is based on your level in the game, and the level reached by those you refer. You'll earn EMONT, the in-game currency, when you share your link on Facebook and Twitter, and both you and those you refer will earn EMONT depending on what level you reach. Those who don't play may not want the hassle, but those who do will appreciate the fact that both they and their friends get a bonus.

For our #3 selection, we have Gods Unchained, a trading card game that bills itself as "Blockchain's first eSport." The referral program offers 10% of all pack purchases made by those you refer. The site discourages spam, and since new users don't have to purchase packs in order to play, only those who are serious about the game will benefit. With so many options and a proven format, Gods Unchained has a lot of potential.

The site discourages spam, and since new users don't have to purchase packs in order to play, only those who are serious about the game will benefit.

The #4 choice is Ether Online, a strategy game that involves battling other players in an arena. The referral system is promoted on the main page, boasting 10% lifetime dividends from anyone you refer. Because the game involves so many purchases of accessories and weapons, dedicated players may spend a lot, but not much is offered beyond the link. This one is for players who are enticed by the complex strategy.

Coming in at #5 is OpenSea, which is not a token itself, but rather a marketplace for many different ERC721 tokens. There are several marketplaces currently competing to become the central hub of those who deal in crypto collectibles, and OpenSea offers 1% of all sales from anyone you refer. That may not seem like much, but if you have friends who are buying these tokens anyway, they may as well buy them on OpenSea, and if they do, you can benefit.

Our final selection at #6 is MegaCryptoPolis, a city building game with a different twist on a traditional affiliate setup that it calls its Bounty program. Coveted blocks of land will be given out among those who promote the site on forums like Twitter, Facebook, Reddit, Discord, and those who write reviews or post videos about the game. If you help them promote their dapp, you'll be entered to win. You're not guaranteed to get anything, but you also don't need anyone else to make a purchase, so those with a social media presence can potentially cash in.

Coveted blocks of land will be given out among those who promote the site on forums like Twitter, Facebook, Reddit, Discord, and those who write reviews or post videos about the game.

While some of these programs pay in Ether and some reward you with in-game currency, they are all great ways to earn a little extra when you discuss unique assets online. With so many people scooping up these assets, we'll just have to see how high their values can climb.