For the weekly draw? 10% of whatever each referral wins.
Blockquote:
Here’s an example of how this works, taking you and your friend Sarah to illustrate: You refer Sarah to PrizePool and she wins that month’s $100 prize. First of all, congratulations to Sarah, but also you both win an additional $10 each ($100 x 10% = $10). • Sarah wins $110: $100 for her saving prize + $10 for her referral prize • You won $10 for the month: 10% of Sarah’s $100 prize.
Let me know if you have any other questions!
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Is it more enticing to get a fixed referral bonus or a variable one? We notice that the share trading apps also keep the reward ‘mysterious’
It really depends on the amount - a $50 one time bonus from say a bank is great …a nice decent chunk right? However, many of the programs that offer a flat fee seem to offer a substantially lower amount generally like say $5 (IMHO). Now, with the investing apps the bottom end may be low (some as low as $2) they sometimes offer big payouts on the high end (some over $1,000!) so if you get lucky you can make out. I don’t mind either one but the random prized do tend to get the juices flowing (what am I gonna get!).
In the case of PrizePool they are in a rare class. Sure you aren’t going to get much for the initial referral (some free tickets in this case), but that 10% continues to pay out every single week as long as the referral remains a member and could amount to some big dollars if lady luck smiles your way and any of those referrals hits it big.
Generally, I’d take 10% over the long term vs a set cash amount any day.
Thoughts?
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Haven’t updated in a while so posting my Prizepool winnings for the past 3 weeks - 7/30/21 $0.64, 8/6/21 $1.26, 8/13/21 $0.64 on $1K in cumulative deposits since 11/10/20 (26 referrals).
Total #earnings $20.48 with eff APY of 8.07%.
Join https://bit.ly/2UkQihN
#savings #lotto #money
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It’s very useful for others to know how referrals work out in reality, so thanks for sharing your progress
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My Prizepool results for week ending 8/20/21 - $0.94 in #winnings from $1K in deposits since 11/10/20 with 27 referrals. Total #earnings to date $21.42 with eff APY of 7.84%.
Join here https://bit.ly/2UkQihN
#savings #lotto #money #nolosslotto
Now up to 35 referrals - total referral earnings as of 1/14/22 is $25.71
PrizePool “Proof” - $138.01 to date in winnings with 40 referrals.
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Nice win at Prizepool this week of $6.53, which brings my total lifetime winnings to a total of $144.54 Since November, 2020.
Not yet a PrizePool member? Join Now! PrizePool Get Started
#Prize-Linked #Savings #lotto #nolosslotto #money #fintech
Exciting changes coming to PrizePool starting tomorrow, October 1st!
The Prize Pool is increasing from $50k to $60k, which means the number of winners increases from 6,000 to over 10,000 winners per week with more chances to win even more money!
Also tickets per dollar transaction has been increased AND more chances of winning cash back from your purchases! Details coming in early October.
Join today! PrizePool Get Started
My PrizePool summary for 2022!
$141.14 in total earnings - $77.80 in prizes, $7.92 in savings bonus & $55.42 in referral prizes.
Join today! - PrizePool Get Started
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Exciting changes coming to PrizePool soon!
Click to join now! – PrizePool Get Started
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PrizePool - the app that just keeps paying! → PrizePool Get Started
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Don’t miss my latest PrizePool update on Twitter!
Don’t miss my latest PrizePool update on Twitter!
Prize pool looks like a great website!
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Don’t miss my latest PrizePool update on Twitter with updates on this weeks winnings and new successful referrals!
https://twitter.com/stanholtsclaw/status/1673071803630260226