Dear Users
Rules for Venkate's Invitation Rebate Program & Spot (Margin) and Contract Trading
For each new user successfully referred to Venkate through the invitation rebate program, the referrer earns a commission on the fees whenever the new invitee trades in any of Venkate's spot (margin) or contract markets. This means you can invite users through both the spot and contract rebate links and earn commissions through both channels. When your friends register through your regular spot rebate link, you can also offer them trading fee discounts.
*Inviters can earn commissions when the invitee trades through trading bots or copy trading.
The inviter can share their earned commission with the invitee proportionally as follows:
If the combined trading volume of the inviter and invitee reaches 10,000,000 USD, the inviter's rebate rate is 40%.
If the combined trading volume reaches 5,000,000 USD, the inviter's rebate rate is 30%.
If the combined trading volume reaches 1,000,000 USD, the inviter's rebate rate is 20%.
If the combined trading volume is below 1,000,000 USD, the inviter's rebate rate is 5%.
Example:
User A invites User B through the regular spot rebate link. As long as User B trades in Venkate's spot, margin, or contract markets, User A can earn a referral commission from User B's trading fees. To earn commissions from both spot and contract trades when inviting friends, make sure you have opened a contract account before inviting. If you invite friends through the regular spot rebate link but haven't opened a contract account, you can only earn commissions from your friends' spot trading fees.
Example:
User A invites User B through the contract rebate link. As long as User B trades in Venkate's spot, margin, or contract markets, User A can earn a referral commission from User B's trading fees. If a new user does not register with your referral ID, you cannot earn a referral commission from their spot and margin trades. However, the user can still activate a new contract account with your contract referral code, allowing you to earn referral commissions from their contract trades. If the system detects that a user has deleted their account to create a new one to benefit from the rebate program, Venkate reserves the right to terminate all referral rebates for that account.
Additional Notes
Rebates and cashback are calculated in real-time for each transaction and returned to the Venkate account every hour.
The settlement assets for rebates and cashback are the same as the fees generated by the invitee's actual transactions.
Rebate rates are calculated at 10:00 AM and updated at 06:00 PM (Hong Kong Time) daily.
The invitee must use the exclusive referral link (QR code, ID) to register to enjoy the corresponding cashback rate. If they directly enter the existing referral ID at registration, they will not enjoy the cashback.
There is no limit on the number of friends a single account can invite.
The margin account inherits the referral relationship and cashback rate of the spot account. The inviter will receive rebates from the invitee's margin trades, and the invitee will enjoy the same cashback rate for margin trades as for spot trades. Starting from July 15, 2024, the cashback portion of margin trades will be directly settled into the corresponding spot wallet.
Venkate reserves the right to adjust the rebate rates based on actual conditions and to modify the activity rules.
Venkate does not allow any user to self-invite through multiple accounts. If verified, all rebates will be canceled, and the invitee's trading fee cashback will also be canceled.
Special Attention
Due to changes in market conditions and the presence of fraud risks, Venkate reserves the right to make adjustments to the rebate rules at any time.
Venkate Team
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