The Copy Trading (https://bingx.com/en-us/traders/) 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.
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.
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
BingX is a cryptocurrency social trading exchange that offers spot, derivatives and copy trading services including but not limited to BTC USDT (https://bingx.com/en-us/spot/BTCUSDT/?ref=ZZWENQ), XRP USDT (https://bingx.com/en-us/spot/XRPUSDT/?ref=ZZWENQ), ETH USDT (https://bingx.com/en-us/spot/ETHUSDT/?ref=ZZWENQ) and Luna USDT (https://bingx.com/en-us/futures/forward/LUNAUSDT/?ref=ZZWENQ) 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.