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Locha ⚡️
@locha
We’re excited to announce the launch of /fuul channel ⚡ Fuul is an affiliate marketing protocol that lets Web3 projects pay out commissions or share revenue on-chain with affiliates. How does it work? Let’s get into it 👇
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Locha ⚡️
@locha
Affiliate programs on the Fuul protocol are smart contracts that have their own: • conversion events • payout rules • budgets Upon successful referrals, affiliates claim commissions directly from the contract.
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Locha ⚡️
@locha
Conversion events: • could be one or a combination of triggers (events or functions on a smart contract or off-chain event) • should ideally be revenue generating events that allow crypto projects to share part of those revenues with affiliates
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Locha ⚡️
@locha
Through payout rules, projects define how much they are willing to pay out to anyone that refers users that convert into such conversion events. Payouts can be: • Defined as fixed or variable (%) • Paid out in allowed tokens • Split across affiliates and end users
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Locha ⚡️
@locha
Budgets are escrowed into the program’s smart contract. Why? • It gives 100% security to affiliates that as long as the affiliate program is live, funds will be available for them to claim as they refer users successfully • It automates the payouts process for projects
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Locha ⚡️
@locha
Now, what does this all mean for creators, influencers, publishers? Now you can partner with the crypto projects you love, promote them, and earn on the value you bring to their growth! Through the Fuul app you will be able to:
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