# Management and reporting

A referral system is a natural add-on to a proper attribution system, as it's effectively adding a business model to the question of "who brought in this user?"\
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That referrer can be anyone: an influencer, a popular community member, or even a publisher like CoinGecko (the biggest referrer on the GMX referral system). The attribution is effectively agnostic: every referrer, whether KOL or *The New York Times*, is treated equality in the attribution system as yet another channel. \
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You can pay out the referrer as a bounty (i.e. CPA), or what we call [CPV](https://blog.spindl.xyz/p/cost-per-value-cpv-a-new-media-business) (a revenue share on user value). You can do tiers based on volume (e.g. bounty A if the referred user trades up to X amount, and bounty B if it's more). You can do practically anything: if it's onchain (or even offchain), Spindl can measure it and build a referral model around it. <br>

<figure><img src="/files/UWmFd67pwy8oV00tVWUj" alt=""><figcaption></figcaption></figure>


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