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Binance Adds Quarterly Futures to Referral Program
Binance
2020-07-21 08:43

Fellow Binancians,

Starting from 2020/07/21 00:00 AM UTC, users will be able to earn a referral bonus from friends they have invited to Binance Futures that trade Quarterly Futures contracts.

This means when you invite your friends to Binance Futures, you will now earn a referral bonus from spot, perpetual and quarterly futures trading fees.

View your Binance Futures referral dashboard.

Quarterly Futures Referral Bonus Details on Trading Fees:

Requirement

You Earn

Your Friends Discount

< 500 BNB

10%

10%

≥ 500 BNB

20%

10%

Futures Affiliate

(Apply here)

30%

10%

  • All friends you invite will receive a 10% discount on trading fees for the first 30 days by default.
  • If your daily average BNB account balance is 500 BNB or more, you will earn 20% of your friends trading fees as a referral bonus. 
  • If your daily average BNB account balance is less than 500 BNB, you will earn 10% of your friends trading fees as a referral bonus. 
  • Binance Futures affiliates earn 30% of their friends’ trading fees as a referral bonus. 

Terms & Conditions:

  • Daily average BNB Balance Calculation Rules
  • All referral bonuses (both those received by inviters and those shared with their invited friends) are calculated in real-time and transferred to the respective Binance Futures accounts every hour.
  • The settlement asset of referral bonuses will be the same as the asset used to pay the fee.
  • Referral rates are calculated at 0:00 AM every day and updated at 1:00 AM (UTC)
  • The 10% discount shared by the inviter will last for 30 days from the date of Futures account activation.
  • Please note you are only eligible to receive a referral bonus from friends you have referred that are VIP 1 or below. Once a friend you have referred reaches VIP level 2 or above, you will cease to receive referral bonus income from them.
  • The referral bonus received for each referred user lasts 12 months from their respective days of registration then expires.
  • Binance reserves the right to extend the expiration period of referred users at its discretion
  • Liquidation fees are excluded and do not apply to the Binance Futures referral program.
  • There is no limit to the number of friends a single account can invite.
  • If the inviter's daily average BNB balance drops below 500 BNB, their referral bonus rate will be reduced from 20% to 10%.
  • Referral bonuses and discounts to invitees will apply to quarterly futures trading fees on the invitee's main account and all its sub-accounts.
  • Binance may adjust the proportion of referral bonuses at any point and reserves the right to adjust the rules of the referral program.
  • Binance does not allow any user to self-invite through multiple accounts. If such activity is detected, all referrals will be cancelled and all referral bonuses and kickbacks for the invitee’s accounts will be cancelled.
  • Binance reserves the right to remove and/or cancel the referral bonuses of users found to be using offensive, misrepresentative and/or harmful custom referral codes.
  • Additional guidelines of cancelling referrals
  • Binance reserves the right to change the terms of the futures referral program at any time due to changing market conditions, risk of fraud, or any other factors we deem relevant.

Risk warning: Buying, selling, holding and partaking in futures trading of cryptocurrencies are activities that are subject to high market risk. The volatile and unpredictable nature of the price of cryptocurrencies may result in significant loss. Binance is not responsible for any loss that you may incur from price fluctuations when you buy, sell, hold and leverage cryptocurrencies.

Thanks for your support!

Binance Team

2020/07/21

 

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