This is a really great proposal - well done @bulldog1205. It's well thought through and clear and makes sense. I definitely will support it. The only question I have is whether this is supposed to be backward-looking or not. For example, if someone has referred 25+ players in the past, do they get tier 2 rewards going forward?
I think it should not be backward-looking, and we should probably just get rid of the old referral stuff completely when implementing this and start with a clean slate. Otherwise all of the bot farms that "referred" their thousands of accounts will get tier 2 and 5+ rshares bonus from all of their bots which I definitely don't want. Let me know what you think about that.
Starting with a clean slate would also mean we don't decrease the burned DEC from market fees for any accounts that are already here. Some players expressed concern that we would burn less DEC to reward previous affiliates while no brining in enough new players to offset this. This would lessen those fears I believe.
yes - that too. The goal of this is to get more new players into the ecosystem, and reward current players for doing that. Not to give more rewards to existing players for no reason.
I wish it could be backwards looking, but I completely understand your reasoning on why it shouldn't be and would support that. I'm obviously extremely biased here because of all the referrals my videos have generated, so I'll mostly step aside on this debate and accept whatever the team/community wants there.
Is it ok to simply leave this up for the team to decide, or should I edit the proposal to specifically state this?
You can leave it up to the team to decide. I certainly understand your bias, and in an ideal world I would prefer to have it be backward-looking too, but the unfortunate reality is that I think it would just give people who have exploited the system in the past even more rewards.