London-based cryptocurrency start-up, Referral Foundation is introducing cryptocurrency and blockchain technology to the referral marketing economics. Referral marketing is a form of marketing involving word-of-mouth promotion where the promoter is incentivised for bringing more people on board. Referral Foundation hopes to upgrade the industry by introducing it to blockchain technology and educate it on the potential of digital currency. It also provides early insights into the adoption of digital currency and its impact on the referral marketing industry.
Referral Foundation is the creator of ReferralCoin, a decentralized digital token targeted towards the multi-billion dollar referral economy. ReferralCoin is designed to meet the challenges and requirements of the rapidly expanding referral economy that has evolved since the spread of social media. With the use of blockchain technology, Referral Foundation presents dedicated solutions to create opportunities and benefits for network marketing and affiliate sales.
The ease of transactions and transparency associated with cryptocurrency technology is being leveraged by Referral Foundation to further accelerate the market growth. The ReferralCoin based payments system is geared towards satisfying the needs of complex payment structures implemented in network and referral based marketing setups.
The industry and cryptocurrency community members can join Referral Foundation as vendors, developers, publishers or sponsors as the Foundation seeks new members to join its growing community to be part of the creating awareness, networking activities and other projects.