"Leveling the Playing Field: The Benefits of Capping Referrals in the Crypto Ecosystem"
PART 1

Introduction
The crypto ecosystem has revolutionized the way we think about finance and investing. However, one aspect that has raised concerns is the referral system, which often favors influencers and whales over ordinary individuals. To address this issue, some platforms have implemented a cap on referrals, providing a more equal opportunity for all participants. In this blog, we'll explore the benefits of capping referrals, using Blum and Sunwave (SW) as examples.

The Problem with Unlimited Referrals

In the crypto space, referrals have become a crucial aspect of platform growth. However, when left unchecked, it can lead to an uneven playing field. Influencers and whales with large followings can exploit the system, earning disproportionate rewards and leaving ordinary users in the dust. This not only creates a sense of unfairness but also hampers the growth of the platform as a whole.

Blum: One of the Pioneers in Capping Referrals

Blum, a crypto platform, has taken a bold step by capping referrals at 10 per person. This move has leveled the playing field for all participants.