What is Referral Code

uTrading requires a referral ID during registration for the following reasons:

1. Controlling User Growth: By using a referral ID system, uTrading can better manage the rate of user growth, preventing server overload and ensuring a good user experience.

2. User Quality: Referral ID come from existing users, which helps ensure the quality of new users, as current users are likely to recommend the app to suitable individuals. This allows uTrading to attract more valuable users.

3. Reward Mechanism: The referral ID system often includes rewards for both the referrer and the referred user. This incentive encourages users to actively promote the uTrading app.

4. Preventing Abuse: uTrading may offer special promotions. Using referral ID can reduce the occurrence of fake accounts and abuse, ensuring the platform's security and fairness.

5. Community Atmosphere: Referral ID help build a closer and more trusted user community, as new users typically join through recommendations from acquaintances, enhancing the sense of belonging and trust within the community.

6. Marketing Strategy: Referral ID are an effective marketing strategy, boosting uTrading's visibility and user engagement through word-of-mouth promotion.

In summary, by using a referral ID system, uTrading can effectively control user growth and ensure user quality. It also enhances user engagement and loyalty through a reward mechanism and community atmosphere, prevents abuse, and strengthens brand reputation through word-of-mouth marketing.