Referral System

Users who purchase multiple NOLs (Node operator licenses) will also be able to distribute these nodes in their community through a referral system. Distribution of NOLs purchased by a user is a key parameter to ensure higher APYs.

A) Referral Landing Page

NOL holders will be given unique referral codes and their referral landing page will serve as the entry point for users who have been referred by them. It provides the following information and options:

1. Discount Display: The page will prominently display the discount offered by the NOL holder. This discount is an incentive for users to make a purchase through their referral.

2. License Information: Users will also be able to see details about the number of licenses the NOL holder owns and the cost of those licenses (based on tiers). This helps users understand the value of their purchases and the benefits they receive from the referral.

B) Referral Journey

The referral journey is designed to be straightforward and rewarding for both the user and the NOL Holder.

1. Purchase Ring from Referral Page: Users start by purchasing a ring from the referral page linked by the NOL holder. The referral page is tailored to show the discount and benefits of using the referral. It must be noted that users will have to pay the full amount of the ring as displayed on the portal and the cashback (discount) will be given directly in the wallet of the user post completion of the below steps.

2. Connect Ring: After purchasing, the rings will be shipped to the users. Once a user receives the ring, they need to connect their ring to the BAAI application. This step will ensure that the node is properly registered and linked to the user’s account.

3. Select Claim Cashback: When the user is creating their account, they will be able to see the option to “claim cashback”. This cashback is part of the incentive for purchasing through the referral link and is equivalent to the discount given by NOL Holder.

4. Input NOL ID: Users are required to input the NOL’s ID (like a promo code shared with them by the NOL Holder). This ID will link the purchase to the NOL who referred them.

5. Successful Referral Notification: Once the NOL ID is entered, the system verifies the referral. If everything checks out, the NOL receives a notification of a "successful referral." This notification confirms that the referral process was completed correctly and the NOL’s ID was used. Both the NOL holder and the user will be eligible to receive their respective rewards.