Updates on the Copy Trading Recommendation Commission Rules

Updates on the Copy Trading Recommendation Commission Rules

BINGX

Crypto1earn

11/2/20222 min read

Dear Users,

The Copy Trading recommendation commission is a scheme designed to expose copy traders to a wider copier base. Users who can identify and recommend high-quality traders will gain a commission.

The recommendation commission rules will be updated as follows:

1. If a user recommends a trader to a friend and the friend copies the trader, the user will get a portion of the profit share that the trader gains from the friend.

2. The user above will gain 25% of the trader's profit share as a commission.

Example:

1. User A recommends traders Alan and Bob to a friend

2. Alan: The friend copies Alan and gains a daily net profit of 100 USDT, of which, 8 USDT goes to Alan as the profit share. (Assume that the trader's profit share ratio is 8%)

3. Bob: The friend copies Bob which incurs a daily net loss of 100 USDT, 0 USDT goes to Bob.

4. As there is a profit from copying Alan's trades, Alan will gain 25% of the friend's profits and the user will receive 8 * 25% = 2 USDT.

Note:

Expected release version: v3.20.0

Expected release time: 2022-11-08 (UTC+8). The specific time is subject to the actual release

The recommendation rules hereby shall take effect after the release.

BingX Operation Team

About BingX

BingX is a cryptocurrency social trading exchange that offers spot, derivatives and copy trading services including but not limited to BTC USDT, XRP USDT, ETH USDT and Luna USDT to more than 100 countries worldwide with over 5 million users. The copy trading function implemented with our unique technology has benefited over 20,000 copy trading traders and 5,000 daily traders.

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