Again - great words Liberty .
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Throwing in my POV. Pause if we need to ! Adapt and modify rather than divert funds to a different council ! Remember - while the level of rewards are high too each of these top “wash trading” wallets. Their profit is not, They pay fees every time they trade and there is slippage as well. There is a reward factor in the data and when that falls to around 0.75 - then wash trading becomes almost break even so they’ll stop. We’ve seen that over recent weeks - so although on the surface it looks like these guys are getting huge rewards - in practice they are not and the more people that trade through the app the lower the reward factor becomes and so the current system is already beginning to self correct . They are gaming the system and it’s that loophole we need to close not completely blow up the program.
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This really summed it all up to be fair. Great points 
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Very well said. Thank you.
I agree with this Ty.
as we discussed on the call this past week, I believe, looking at the mechanisms to further encourage new wallets and traders, and reward length of staking are both solid additions or enhancements. I believe it’s also important to remember that Once the network is live, this system will be generating gas, which will be assisting in funding future budgets. With that mind, it’s imperative that our aim be focused on growing new users and future volume.
Parallel to that, I do agree that an emphasis on accessibility, and a healthy ecosystem (liquidity, total volume, etc) is important for continued exposure in web3. We know that B2B exposure is coming with the network rollout, but that should not hinder or delay the importance of focusing on exposing as many people as possible to the benefits of the network and ecosystem as well. To me, a 3 pronged approach in that specific vein: marketing/cex/dex that enhances the Telcoin network’s visibility to as many people as possible. I understand for many, the default is a CEX - the value of that in the short term in the eyes of the community can’t be looked over, but important to focus on overall ROI and budget when doing so.
It’s also very important to back up and look at the big picture and what’s coming. The vein of retail exposure is only one facet of our charge as stewards of the network/ecosystem.
I also want to thank blue and everyone for engaging in a healthy, productive conversation. The TAN call next week will be a great opportunity to discuss how we can move forward.
These proposals are extremely important. As liberty said, we are in our infancy. We need you, the community, to bring these discussions forward in these official settings so we can all collectively work together to grow.
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Agreeing with @Andrew_Pich & @CryptoSteveo although @bluelights did bring some interesting initial analysis however .
Interesting inputs. My 2 cents here :
As per my first cent into it 
- I am a bit afraid about sending already some wrong signal over a promise made to users / stakers audience, if pausing or reducing the referral program , even with a sincere promise to reactivate later. It is not good to change the promise while on the way ( which is funded already and nimby to TAN / TANIP ) .
- I am also wondering, if pausing or modifying is still considered, how this could be communicated properly to the masses newly, without being an immediate communication disaster …non productive. And this will probably need to slightly modify the app within the Stake and Refer description … humm
- It could therefore be interesting prior to any vote, to hear also what @STORM_Partners would say about this , as part of the preliminary discussion, to keep things aligned and coherent.
Now as per my secund cent into it 
- Frankly the referral program as mint from the origin, was, and is still, intended to social promotion from TELcoin app , from real users to enroll other new users in their social reach .
This a powerful tool , even if temporary biased and therefore not delivering so far enough results …but just because there are not enough Mr Joe using on their mobile the Telcoin app on a daily basis for remittances so far !!! and therefore too few users are trying to enroll further users as their Friends And Family on the sending side, or in remote countries linked to the receiving side of remittances !!! - SO AGAIN, the main topic here had been , and is still IMHO, TO PROMOTE the usage of $TEL App in remittance corridors and then attract new end users, which will THEN self ignite truly the referral program already in place.
And so, from initial truly interesting input from @Bluelights , possibly some more answers could be rather found by investigating more on :
- What are key actions planned already by @STORM_Partners X with why not, more assistance from TAN , to therefore better support focus and efforts of @STORM_ Partners as indeed the elected marketing partner, to pinpoint and laser focus on low hanging possible marketing moves on the field about live usecases in some live remittances corridors (or just ahead to them in diaporas), to enroll new Telcoin app users …as these users will be the BEST new live referrers, for more diversified and continuous wallet creation process, and the BEST traction to power the existing referral program the right way, from insiders daily TEL users as initially planned !!!