Party... instead of rakeback

[Roy6]

Please tell me if this plan is not viable and why.

A friend of mine signs up as an affiliate for Party and chooses MGR plan.
I don't have an account at Party yet, and I sign up using his code. He collects 20% of my MGR.

-is it OK that he only has one player (me?)
-is it OK for the friend to have an existing Party Poker account?
-does he have to create a website promoting Party?
-is there a minimum amount that must be reached for the affiliate to get paid per month?