Referral System for old players bringing in new players

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Description of the idea: Introduce a referral system where players receive rewards for introducing new players into the server. When the new player reaches a certain amount of playtime (and milestone?), the player who got them into the server/community receives in-game rewards and/or other benefits that might be unique and exclusive.

Half of the monetary reward goes to the new person as a bonus for sticking and playing on the server as a one time reward (E.g. if the 1st player you refer reaches all conditions, he receives half of the Tier 1 award of $30,000. The second person you do receives half of Tier 2 and so on, seems unfair for the new person but gets more encouraging as they progress) Rewards are up for discussion, I don't have that many ideas for rewards as of now. Same goes for the eligibility (increase required playtime maybe? other required milestones?

Tier 1 [1 Player] = $30,000 for the referrer+a tool to spawn a starter pack kit for other new players (like the one we have right now)+Trophy Points
Tier 2 [2 Players] = $50,000 for the referrer and a unique Discord Tag+Trophy Points
Tier 3 [3 Players] = $75,000 for the referrer and a rare Holiday Item of choice+Trophy Points
Tier 4 [4 Players] = $100,000 for the referrer+Trophy Points
Tier 5 [5 Players] = $100,000+Unique Vehicle (Porsche TriCycle? Stretch Limo?)+Trophy Points

When a new players reaches 96 hours of playtime, they are eligible for said half monetary reward (of whatever tier the referrer reaches, again, one time reward) and gives the referrer his referral point for introducing a new player to the server and the rewards in the new tier they reach.

When a new player joins the server they should input the SteamID or a unique code generated by the referrer. They have about 1 Hour to decide on this, a F1 Tab should be made to enter a referral code if they change their mind.

Why should this be added? (pros): Brings more players and encourages players on receiving rewards the higher they go.

What negatives could this have? (cons): Not sure how abusable this would be. New players only have 1 hour to decide on a referral code and have reach 96 hours of playtime.
 
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