Good thinking. We have developments in the works that have the potential to significantly increase the value of the coin. Letting them earn interest in your wallet wouldn't be a bad idea
Since you're answering here (I had asked you on twitter), I have a question for you.
How are you combating against referral spam. I know there are systems and sites that you can hire people to make 20,30, 100+ accounts and more for next to nothing and doing so while looking like real users.
I have a good network of real people that would sign up and maybe even use the coin. I want to make sure it's worth my time and someone isn't going to come in and get 1,000 referrals, sell them all off over and over again and crash the value?
Thanks
(edit.. oh, I see you just answered on Twitter.. maybe you can elaborate your answer here.
)
PS.. How do I add channels and tracking to my links so I know what placements are getting clicks?
Thanks
This is great question and thanks for posting it here. We agree fighting fraud is a critical part for Latium’s success as the world’s first viral currency. We are currently developing systems that will ensure commissions are only paid to legitimate referrals on an automated basis. Currently the Latium team employs a host of different tracking and fraud detection technologies, and also a manual review process. To give you an idea of the effectiveness of our current fraud mitigation team, to date Latium has registered over 39,000 users in its first 6 weeks of operation but has only paid out around 85,000 LAT.
The new systems we are building will only strengthen our network and give Latium users the assurance they deserve. Maintaining value for our legitimate users is a primary focus and we would suggest all participants hold on to their Latium as we fully believe value will increase substantially in the coming months. One of the main reasons we chose this deployment methodology was to mitigate the risk of a handful of large participants dumping the coin. To date the coins in circulation are well distributed and the only way any single user would hold a large amount of coins is if they bought the coins on exchange at these undervalued prices.