👋Introduction

What is Qwestive?

Qwestive is focusing on helping web3 projects reach relevant audiences at scale.

The first product we are building is a web3 referral/affiliate marketing platform for Defi, Marketplace, and Games. We provide a flexible reward structure, handle both on/off-chain tracking, and give you immediate access to a global referral network.

Why referral marketing?

User acquisition in web3 is tough. Traditional marketing channels like Google, and Facebook don't provide the relevant audience and often ban crypto-related ads. On the other hand, influencer marketing often has quite a low efficiency as it is full of scam, and often projects have a hard time telling the ROI of the campaigns; Existing web3 marketing channels like Galxie, and Layer3 has reported really low retention rate, as the traffic source is more like bounty hunters, instead of real users.

On the other hand, we saw projects gain substantial growth by building their own referral program:

GMX - Defi trading platform

• Setup a referral program that does revenue sharing up to 30% with affiliates/invitees

• Generated $11B trading volume, ~$11M revenue (~14% of total volume) from the past 9 month

• Distributed $1.6M rewards to affiliates/invitees

• Every $1 referral reward sent -> $10 revenue

Detailed stats: https://stats.gmx.io/referrals/arbitrum

Insurace - Web3 insurance

• Launched their referral program to do 10% revenue sharing
• Generated $180+M insurance coverage sold, ~$1.2M Premium collected (~48% total coverage sold) in the past 5 months

• Distributed $224k rewards to affiliates/referrals

• Every $1 referral reward sent -> $5 revenue

Detailed stats: https://data.insurace.io/referral

Lido - Liquid staking platform

• Launched referral program to share staking rewards
• Generated 1,552,458 staked ETH from referral (~30% of total staked ETH)

• Distributed $13M rewards distributed to affiliates past 18 months

Detailed stats: https://dune.com/LidoAnalytical/Lido-Referral-Program

Numerous web3 projects saw great results after deploying the referral program, to leverage their communities and attract affiliates. That's why we are building Qwestive to enable web3 projects to reach highly relevant & quality users through referral marketing.

Why use Qwestive?

• Low dev cost - you can set up the referral program in 30 mins instead of months, to keep engineers focused on developing the core product.

• Bot/fraud prevention - Fraud could be a big issue, and we've got it covered

• Native UX - our solution natively embed in your Dapps, almost feel part of your app

• Low latency tracking - We support both on/off-chain tracking, with a latency of less than 3mins

• ROI report - You can track the ROI & performance of each affiliate

• Access to a referral network: We are building a web3 referral/affiliate network, that has track record of bringing high-quality traffic to different web3 projects. Your referral program will have immediate access to that network.