Ref price is $0.08606300
Today, the price of RefToken (REF) is $ 0.08606300. In the past 24 hours, the price has increased, changing by about +0.00%. Please be aware that cryptocurrency prices can fluctuate rapidly, meaning this information may have updated since the time of writing.
RefToken (REF) claims to be a performance marketing (also known as affiliate marketing) tracking platform. What sets RefToken apart is its transparent and decentralized method of tracking, attributing, and paying affiliates for promoting various online businesses. The platform's primary focus is on merchants and affiliates in sectors such as online casino, poker, prediction market, ICOs, trading and other high user value verticals. However, it's designed in a product-agnostic manner, which means it's built to suit the needs of a wide range of users rather than being custom-made for specific product usage.
The creators of RefToken are a team of developers and marketers with combined expertise in blockchain and marketing technology. Although the platform's official website does not reveal the individual members of the team, it mentions that they are committed to driving evolution in performance marketing by leveraging blockchain to maximize the potential of affiliate marketing.
RefToken operates on the Ethereum blockchain, taking advantage of its smart contract functionality. By doing so, it aims to ensure a transparent and immutable track of marketing performances. When a deal is made between a merchant and an affiliate, the terms of the deal are coded into a smart contract on the Ethereum blockchain, which automates the tracking and payment processes. RefToken claims this removes the need for intermediaries, reduces fraud, and provides a solution where both parties can trust the outcome. The REF token is used within the ecosystem for transactions, payment of services, and to incentivize affiliates.
The unique aspect of RefToken lies in its decentralized approach to affiliate marketing. By using blockchain technology and smart contracts, RefToken ensures that the performance of affiliates is tracked impartially and transparently. It also automates the payment process, removing intermediaries from the equation. This approach theoretically reduces fraud and increases efficiency in the affiliate marketing process.
Moreover, the REF token provides intrinsic value to the system. It serves as both the medium of exchange for transactions within the platform, and a way to motivate affiliates by offering a tangible incentive.
The circulating supply of RefToken (REF) is 1.0M out of a maximum total supply of 50.0M. As for the market cap, it is currently ranked as #3560, with a total value of $ 86.5K.
You can buy RefToken (REF) from the IDEX, OKEx. As with any cryptocurrency purchase, it's crucial to use a reputable exchange to ensure the security of your assets.
Storing your RefToken (REF) in a secure and reputable digital wallet is the first step to keeping your assets safe. As always, ensure to protect any wallet with a strong, unique password and activate any available additional security features such as two-factor authentication.
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