Dear user,
In order to allow more users to experience high-quality futures trading, CoinW will continue to launch a 0 transaction fee promotion for futures trading (Maker orders)! New futures users can enjoy up to 28 days and a maximum of 1000 USDT fee refund.
Promotion period: Starts at 0:00 on August 4（UTC+8）, 2023. Please refer to the platform announcement for the end time.
Participation: No registration required, participation and reward will be automatically granted upon meeting the requirements.
Promotion Details:
Promotion format: Refund of transaction fees in USDT to eligible users.
Eligible users: New futures users.
Refund rules: After opening a futures account, the refund period will start, including a total of 4 natural weeks within the opening week. The maximum refund per week is 250 USDT.
Natural week: Monday to Sunday.
Refund time for transaction fees: Every Wednesday (may be delayed during holidays).
Refund period: 4 natural weeks after opening the account, expired benefits will be invalid.
Commission: If there is an invitation commission involved, the platform will refund the actual collected transaction fee to the inviter after they receive the trading commission. It will not affect the inviter's commission earnings.
Note: The maximum limit for transaction fees generated by Maker per natural week is 250 USDT (actual transaction fees generated, including the commission, and the commission will not be refunded).
Example:
A and B have an invitation relationship, specifically, A invited B, and A enjoys a 40% commission on B's transaction fees.
During the promotion period, after B opens an account, in the first week, Maker transaction fees amounted to 300 USDT. According to the promotion rules, the maximum limit for Maker transaction fee refund is 250 USDT. Therefore, 40% of 250 USDT (100 USDT) should be refunded to A's account as a commission. If there is a remaining 150 USDT as the actual platform income, the platform will refund 150 USDT to B on the following Wednesday.
The same rules apply for the second, third, and fourth weeks. Starting from the fifth week, users will no longer be eligible for this promotion.
Note: Due to the incomplete duration of the first cycle of the promotion, the data will be combined and calculated with the following week. Therefore, the first payout period will be from August 3, 16:00 to August 13, 16:00 (UTC). Subsequently, the rewards will be calculated based on the regular Singaporean natural week (7 days, from Monday to Sunday) and distributed accordingly.
Note:
1. During the promotion, for all other trading-related events, the Maker transaction volume and fees will not be counted;
2. Futures trading volume=position value=number of contracts * face value * price;
3. To level the playing field, CoinW imposes a ban on all forms of cheats. Those who affect the operation of CoinW will be deprived of their rights to prizes, and those involved in cases of gross violation will see their accounts frozen.
4. All rights reserved. Please contact us if you have any questions.
CoinW Global
August 20, 2023