Post the launch of Transaction Mining and Reverse-Mining trading modes, the platform will provide the following three types of Referral Reward Program to encourage users to invite others to trade on BitMax.io:
- Referral Reward for Mining: when the invitees participate in Mining trading mode, the user who invites them will receive 10% of BTMX that the invitees mine out from the platform as referral reward, except for the following Exception Scenario:
When the invitees in the Mining mode are the counterparty of the Maker Trades in the Reverse-Mining mode, the user who invites them will receive certain amount of reward per following formula:
(Invitee’s Mining Quantity – Counterparty’s Reverse-Mining Quantity) * 10%
- Referral Reward for Reverse-Mining: when invitees participate in Reverse-Mining trading mode, the user who invites them will receive 10% of BTMX that the invitees return to platfom as referral reward.
- Referral Reward for Regular Trading: when the invitees participate in Regular Trading mode, the user who provides the referral and invites them will receive 10% of their transaction fee as referral reward.
Daily settlement will start at UTC 00:00 (Beijing Time 8:00am) based off the previous 24-hour referral reward amount. The referral reward will be posted and reflected in individual account on BitMax.io within four hours.
- The Referral Reward Program will also be applied to all the previous referrals listed under Referral History page.
- The reference to 10% in the Reward Program is subject to future change. Annoucement will be posted prior to the change.