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Copiers | What Is "Recommend to Earn"?
2023-01-07 12:07
Content:
1. What Is "Recommend to Earn"?
2. Highlights of Upgraded "Recommend to Earn"
3. How to Make A Recommendation?
4. How to Calculate Recommendation Reward?
5. How Do I View the Details of My Recommendations?
6. FAQs
Dear BingX Users,
In order to better motivate users to recommend elite traders, so that traders get more publicity and exposure, BingX has upgraded our "Recommend to Earn" feature. Explore and experience our updated page with more benefits!
1. What Is "Recommend to Earn"?
"Recommend to Earn" is a mechanism to promote traders. This mechanism helps users who discover elite traders to get extra income while helping elite traders to get more copiers, so as to achieve a win-win situation for both elite traders and referrers.
The referrer can recommend traders to other users for Copy Trading. If the recommendation is successful, the referrer will receive a 25% recommendation reward. Only applicable to Futures Copy Trading.
2. Highlights of Upgraded "Recommend to Earn"
🎁 More recommendation reward opportunities
We have added Binance Futures and Perpetual Futures to our reward scheme for this upgrade, in addition to Standard Futures.
💰Refer for once, rewards for life
Simply click to copy and share the trader's link. Enjoy permanent recommendation rewards after successful recommendations.
🏆 Enjoy additional referral commission
If your friend has never used BingX before, you will enjoy a high referral commission in addition to the recommendation reward after your friend creates a BingX account and copy the recommended trader's account (BingX Referral Program>>)
✅ Each recommendation involves one account. Easy operation with more rewards
You can recommend multiple copy trading accounts of the trader, in which case, you'll receive multiple recommendation rewards.
🔥 Better experience with transparent earnings
You can now view your recommendation rewards and more details on the upgraded “Recommend to Earn” page, with a smarter design too.
3. How to Make a Recommendation?
1. Please update your App to Version 3.32.0. (The listing time of the version in different application stores varies. Please wait patiently)
2. Log in to BingX App and click "Copy Trading" on the bottom navigation bar.
3. Go to the homepage of the trader you wish to recommend, select the copy trading account type, and click the share icon in the upper right corner to get the link to the trader's account.
4. Send the link or recommendation poster to your friend. The recommendation will be considered successful if your friend copies the trader's account within one week of opening the link.
4. How to Calculate Recommendation Reward?
If you successfully recommend a trader to your friend, you will receive 25% of the trader's profit share from your friend as a recommendation reward.
Breakdown: trader's profit share = the net profit of your friend's order * trader's profit share ratio
Recommendation reward = trader's profit share * 25%
For example:- User A recommends Trader C's Standard Futures account to his friend B.- After B successfully copies Trader C's Standard Futures account, he makes a net profit of 100 USDT on the same day. Assuming Trader C's profit share ratio is 8%, then Trader C's profit share shall be 100*8% = 8 USDT. And User A's reward from recommending Trader C shall be 8 USDT * 25% = 2 USDT. If 50 recommendations were made on the same condition, User A shall receive 2 USDT * 50 = 100 USDT as recommendation rewards for the day.
5. How Do I View the Details of My Recommendations?
1. Log in to BingX App and click "Copy Trading" on the bottom navigation bar.
2. Click on the icon in the upper right corner and click on "Recommend to Earn" to view more details of your "Valid Recommendation" and "Recommendation Rewards".
6. General FAQs
What is a successful or valid recommendation?
A successful recommendation, or a valid recommendation, refers to an invited friend who meets the following criteria: the friend opens the trader's homepage through your trader recommendation link or poster, and the friend successfully copies the trader you recommend within 7 days from the date of opening the trader's homepage. Note: If your friend has not signed up or logged in to BingX at the time of clicking the link, the recommendation is still considered successful if the friend does so subsequently and copies the trader within 7 days after clicking the link.
What are the common reasons for an invalid recommendation?
- Your friend did not copy the trader you recommended within the 7-day validity period.
- Your friend did not copy the designated account of the trader you recommended. For example, you recommended the trader's Standard Futures account to your friend, but your friend copied the trader's Perpetual Futures account instead within the 7-day validity period.
- Your friend has copied the designated account of the trader you recommended before.
Is there a validity period for recommendation and under what circumstances will it expire?
The recommendation has no expiration date. Each successful recommendation is valid permanently. Note: If a friend cancels copying the trader you recommended after the recommendation relationship is established, and then copies the trader's same account again, the recommendation will still be valid.
When will the recommendation reward be settled and to which account?
The settlement time of the recommendation reward is the same as the settlement time of the trader's profit share. The recommendation reward for Standard Futures is settled at 24:00 (UTC+8) every day, and the recommendation reward for Binance Futures and Perpetual Futures are settled every Sunday at 24:00 (UTC+8). All recommendation rewards will be distributed to your Fund Account.
Why didn't I receive my reward even though my recommendation is valid?
If you have established a recommendation relationship with a friend but no recommendation rewards are credited to your account, it may be that:
- Your friend copies a trade using VST
- Your friend successfully copies a trade but there is no asset in the friend's account
- Your friend successfully copies the trader but the trader has not opened a position
- Your friend's net PnL is negative
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2023-02-10
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