ARIES FINANCIAL~Episode②~
Last time we talked about the concept of ARIES FINANCIAL,so in the next section, we will introduce the options trading that we offered.
We would like to introduce the referral program that is going to start in the second stage.
In the second stage, ARIES FINANCIAL will release a referral program to greatly increase the users of ARIES FINANCIAL. You will be able to issue a referral code by registering your email address or Metamask address on the user interface.
Referrer fees will be paid to new user referrers in the future. First of all, it should be noted that the referrer fee is not like a Ponzi scheme which is coming from a portion of new user’s funds.
WHY？
We charge management fees from users’ investment profits.It’s like the commission of fund managers who use smart contracts.
Since it is a commission received from profit, so if there is no profit, there is no commission.
However, we always offer strategies that allow us to earn high interest rates, so we will continue to be able to get profit from our investment.The referrer fees are paid by the revenue from our operations.
It can be seen that it’s not a Ponzi scheme that ends when new users stop coming in. Referrer fees are paid weekly or monthly, semi-permanently as long as the user has a deposit. It’s a new income system that doesn’t bother anyone, doesn’t cause any loss, and can be received wherever you are.
Initially, we were trying to use stable coins as a referral fee reward .
However, in order to increase the value of AFI (the governance token of ARIES),we choose to use AFI as a referral fee reward.
AFI aims to prevent inflation, so the weekly issuance amount is restricted.
It will become one of the currencies used when option trading is released in the future, that will be described in the next article.
In other words, AFI has a purpose and is a token that circulates as currency.
Whether you are selling, staking or investing in options trading, it is all up to you. There are too many options to use, and AFI will continue to increase its value as currency.
In addition, ARIES will use the stable coins that were planned to be distributed as referrer fee to buyback AFI and as pool funds to provide liquidity on Uniswap.
Therefore for users who want to sell AFI, a pool that can be sold at any time will be reserved, and it will be easier to maintain a constant price.
We provide a dashboard that you can see at a glance how many users you are referring to and how many TVLs you have earned. Since these are all engraved on the blockchain, the specifications will be fairer and more transparent.
Next, I will write about our Option Trade.
ARIES FINANCIAL Community
・Spotlight（Japanese）
