maryamjaved
Member
Referral bonuses play a crucial role in platform growth by leveraging word-of-mouth marketing. When users invite others, they act as brand ambassadors, creating organic trust and engagement. These bonuses incentivize users to promote the platform, leading to rapid user acquisition at a lower cost compared to traditional advertising. As new users join, the platform experiences network effects, enhancing user retention and interaction. This strategy not only attracts more people but also turns existing customers into loyal advocates, accelerating growth through continuous cycles of referrals.