Introduction to the Referral Program

Overview of the Referral Program

The referral program offered by a major cryptocurrency trading platform allows existing users an opportunity to earn rewards by inviting friends to join and trade on the platform. The program provides two distinct referral modes to accommodate different earning preferences: Referral Lite and Referral Pro.

It is important to note that new users are entitled to participate in only one referral mode. If a new user registers for an account through Referral Lite mode, they will not be eligible to sign up again using Referral Pro mode. This policy ensures a fair and transparent referral experience for all participants.

Understanding Referral Lite Mode

Overview of Referral Lite

Referral Lite mode is designed for existing platform users who wish to earn rewards by inviting friends to join the trading community. When a friend you have invited through Referral Lite mode successfully registers for an account and makes a crypto purchase worth more than 50 USD within 14 days of registration, both you and your friend will receive up to 100 USD equivalent in trading fee rebate vouchers as a one-time reward.

The face value of the trading fee rebate voucher is determined based on the actual amount received and may vary. This straightforward reward structure makes it accessible for users of all experience levels.

How to Earn Rewards from Referral Lite Mode

The process for earning rewards through Referral Lite mode is simple and transparent:

1. Visit the referral page and select Referral Lite mode to get started.

2. Share your unique referral link or code with friends who are not yet registered on the platform.

3. Once your referred friend completes account registration, finishes identity verification, and makes accumulative crypto purchases worth more than 50 USD within 14 days of registration, you will each receive up to 100 USD equivalent in trading fee rebate vouchers.

Your referred friend can make their purchase through various channels, including direct cash deposits, purchasing crypto with a debit or credit card, or through peer-to-peer (P2P) trading. It is important to note that deposits made via third-party payment methods, internal transfers from another account, or crypto deposits will not be counted toward the purchase volume requirement.

Earning Additional Rewards Through Task Completion

Beyond the standard referral rewards, the platform offers an enhanced earning opportunity through a task-based progression system. By inviting friends to complete specific trading tasks, you can accumulate progress toward unlocking additional USDC rewards, with the potential to earn up to 300 USDC by reaching 100% progress.

How to Participate in Task-Based Rewards

1. Begin a new referral round by clicking the designated option on the Referral Lite page.

2. Share your unique activity referral ID or link with friends who have not yet registered with the platform.

3. Encourage your referred friends to complete the following tasks on the spot trading platform to boost your progress toward 100%:

   • Task 1: Achieve a cumulative trading volume exceeding $100
   • Task 2: Achieve a cumulative trading volume exceeding $500
   • Task 3: Achieve a cumulative trading volume exceeding $1,000

Each task can boost your progress once per referred user.

4. Continue inviting additional friends to complete these tasks until your progress reaches 100% to unlock your USDC rewards.

Important Guidelines for Task-Based Rewards

To successfully boost your progress to 100%, your referred friends must complete the designated tasks during the same active referral round in which you invited them. Additionally, you must maintain an active ongoing round when your friends complete the tasks; otherwise, your progress will not be credited.

Each referral round lasts for 5 days. If you fail to reach 100% progress by the end of the referral round, the accumulated progress for that round will be forfeited, and no rewards will be distributed. However, you can restart a new round and attempt again.

Each referred user can boost your progress by between 0.005% to 10% upon completing a task, depending on their trading activity. As an exclusive benefit for referred users participating in this campaign, each task completion will also boost the referred user's own progress within a round. Newly referred users should ensure they initiate their round before completing trading tasks to receive this progress boost.

The platform reserves the right to update the referral program mechanism, including modifications to the rewards structure, task details, and task time periods, as needed.

Rewards Distribution and Redemption

Eligible users must complete account verification (KYC) during the promotion period to receive corresponding rewards. Following the completion of each referral round, token voucher rewards will be distributed within 48 hours to eligible referrers who have completed account verification. Users can access and redeem their token voucher rewards by navigating to their Profile and selecting the Rewards Hub.

The validity period for claiming token vouchers is set at 7 days from the distribution date. Users must redeem their token vouchers before this expiration date, after which the vouchers will become invalid and cannot be used.

Understanding Referral Pro Mode

Overview of Referral Pro

Referral Pro mode (previously known as 'Standard Referral' mode) is designed for existing users who wish to receive ongoing commissions from the trading fees of their referred users. For every new user successfully referred through Referral Pro mode, the referrer receives a percentage of the trading fees paid by the referred user across spot trading, margin trading, and futures trading.

It is essential to note that each new user can only be referred through one referral mode. If a new user has already registered through Referral Lite mode, the referrer will not be eligible to earn any commission rewards from that referral under Referral Pro mode.

How to Earn Commission from Referral Pro Mode

The process for earning commissions through Referral Pro mode involves three straightforward steps:

1. Visit the referral page and select Referral Pro mode.

2. Share your referral link or code with friends to invite them to register and begin trading on the platform.

3. Receive commissions from the trading fees paid by your referred friends on their trading activities.

Commission Structure Overview

The platform offers a performance-based commission structure that determines referral commissions based on each user's referral performance metrics. The final commission rate awarded is determined by referral performance and is automatically evaluated on a quarterly basis.

Recent platform updates have discontinued the previous commission structure based on token holdings. Referral commissions are now determined solely through the performance-based commission structure, ensuring a fairer and more transparent model for all users.

Quarterly Performance-Based Commission Structure

All eligible users automatically participate in a 3-month evaluation period to earn higher commissions based on their performance across specific criteria. The commission structure is divided into separate categories for spot trading and futures trading.

Spot Trading Commission Structure

The spot trading commission evaluation is based on two primary metrics: the combined spot and margin trading volume and the number of new spot and margin traders referred during the evaluation period.

Trading Volume Definition: Only trades that incur a trading fee are included in the "Trading Volume" calculation. Zero-fee trading pairs are excluded from this metric.

New Traders Definition: This refers to the number of users who register during the evaluation period and complete their first spot or margin trade within the same evaluation period.

Futures Trading Commission Structure

The futures trading commission evaluation is based on futures trading volume, the number of new futures traders, and includes a time limitation component for lower-tier commissions.

Commission Time Limitation: This defines the period during which referred users generate futures commissions for their referrer after opening a futures account. Tier 0 has a 1-year limitation, while higher tiers have no time restrictions.

Trading Volume Definition: Only trades that incur a trading fee are included in the "Trading Volume" calculation for futures evaluation.

New Futures Traders Definition: This refers to the number of users who register during the evaluation period and complete their first futures trade within the same evaluation period.

Important Consideration: If a user does not achieve a futures commission rate of 30% or higher through the evaluation process, the futures commission time limitation will remain in effect for their referrals.

Evaluation Eligibility

All platform users are eligible to participate in the commission evaluation, with the following exceptions:

• Sub-accounts
• Brokers on the platform
• Wealth management users
• Co-inviter users
• Users whose current commission rate is 0%
• Users who have not opened a futures account
• Users without any referrals who have opened a futures account
• Users residing in restricted regions for referral, spot, and futures products
• Users who violate the platform's referral terms and conditions

How the Evaluation Process Works

Evaluation Start Dates

The evaluation process operates on a structured schedule:

For Existing Eligible Users: Evaluations begin at the start of each calendar month and continue for three consecutive calendar months.

For New Users: The timing of the evaluation start depends on when the user becomes eligible:

• If a user becomes eligible on or before the 15th of the month, their evaluation period begins on the 1st of the current month and lasts for 3 consecutive calendar months.
• If a user becomes eligible after the 15th of the month, their evaluation period begins on the day they become eligible and continues until the end of the next 3 calendar months.

Before any evaluation period begins, eligible users receive an announcement email detailing their specific evaluation period.

Spot and futures evaluations are conducted independently and may begin at different times if a user opens a futures account later than their spot trading account.

Futures Evaluation Enrollment: The futures commission evaluation is available for all users with an active futures account. Users are automatically enrolled in the evaluation if they have invited at least one referral who has opened a futures account.

Spot Evaluation Enrollment: The spot commission evaluation is available for all users who have invited at least one referral, which automatically initiates their spot commission evaluation.

Risk Assessment and Trader Qualification

Recently, the platform has implemented a mandatory risk assessment process. Every new trader who registers and completes their first trade on futures, spot, and/or margin during an evaluation cycle is subject to this assessment. If any risk is detected, the new trader is marked as "unqualified" and is excluded from the total number of new traders counted toward the referrer's commission evaluation for that cycle.

For example, if you invite three new traders and one is marked as "unqualified," only two will be counted toward your commission evaluation. If you believe an evaluation result requires review, you may submit an appeal during the corresponding evaluation cycle.

Users can monitor their evaluation performance and data by visiting the Referral Pro Dashboard and clicking on the Futures Evaluation or Spot Evaluation tab.

Commission Rate Upgrades

Upon meeting the specified criteria, a user's commission rate will be automatically upgraded the following day at 08:00 UTC to the corresponding tier. Upgrades are normally applied within 24 hours and at most within 48 hours. The benefits remain valid as long as the user continues to meet the criteria in subsequent evaluations.

Commission Rate Downgrades

Users who began an evaluation period with a 30% or higher commission rate must maintain their current tier criteria (or achieve the next tier's criteria) to preserve their benefits.

For example, if a user upgraded to 30% during an evaluation period, they must maintain that tier's criteria through the next evaluation period to avoid being downgraded.

Users who fail to maintain their current tier's criteria will be downgraded to the tier where their current trading volume and number of new traders can be sustained. Downgrades are applied within 48 hours after the conclusion of the evaluation period.

FAQ

What is the referral program and how does it work?

The referral program rewards you for inviting others to join. Earn incentives for each successful referral—both you and your friends receive bonuses. It's a win-win system that grows our community through trusted recommendations.

How do I join the referral program?

Sign up on our official website and complete registration. Navigate to the referral program section, review the terms, and activate your account. You'll receive a unique referral link to start earning rewards by inviting others.

How much commission or reward can I earn from referrals?

You can earn competitive commissions ranging from 5-20% depending on the referral tier and activity level. Higher trading volumes unlock increased reward rates, with top-tier members receiving up to 20% commission on referred transactions.

How do I invite friends to participate in the referral program?

Click "Invite Friends" in your account dashboard or copy your unique referral link and share it with friends. They can join by using your link to register.

Are there any limits or restrictions on the number of referrals I can make?

No, there are no limits on referrals. You can refer unlimited friends and earn rewards for each successful referral without any cap.

How and when do I receive my referral rewards or commissions?

Referral rewards are credited monthly on the 2nd of each month after your referred friend completes participation without refunding. Approved commissions are automatically deposited to your account.