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  • Cash App has found success using this strategy to increase its user base and compensate current users for referrals. In addition, free stocks are given out by the well-known investing app Robinhood as compensation for referring new users who open accounts and fund them. Experienced & novice investors have found this to be a compelling reason to encourage others to download the app. Conclusively, a number of refer-and-earn applications provide simple incentives like cash incentives, free stocks, travel credits, and other items.
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