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Serious competition in the cryto space,
After bitshares made good move in giving 80% transaction fees back to the users of bitshares , binance has also recently (27th October 2017) started giving out referral bonuses.
I’m wondering how hot this competition is going to get.
Decentralized crytocurrency exchanges like bitshares giving back transaction fees, now binance is giving back 50% transaction fees.
About 21 hours ago, I made a post on how I was charged $6 on a withdrawal of $30 from bittrex. I think with this type of charges and lack of referall bonuses, bittrex will be getting serious competition right.
Binance referall program
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The commission you receive from the referral program will initially be set at a rate of 50%. This will then be adjusted after a certian period of time based on the situation.
The fee commission will be sent instantly in real-time to your Binance account as your referee completes each trade and will be paid to you in whatever token/cryptocurrency the original fee was paid in.
There is no limit to the number of friends you can refer, although we do reserve the right to adjust or change the referral program rules at any time.
The referee must be signed up through your Referral Link, QR Code or Referral ID.
We will check for duplicate or fake accounts and will not pay out referral bonuses on these accounts. Duplicate or shared finances will result in disqualification.
Important Notice:
Binance reserves the right to change the terms of the referral program at any time due to changing market conditions, risk of fraud, or any other factors we deem relevant.
what is binance?
Binance is a crytocurrency exchange like bittrex and poloniex. The only the difference between binance and bittrex is that binance has referall program and bittrex doesn’t, bittrex has more volume than binance but binance has more selling points with their killer app.
click here to register on Binance
Conclusion:
I personally believe more in decentralized exchanges and my favorite decentralized exchange is Friendz. But While I’m waiting for Friendz to get more volume, I’ll be using the exchanges that are available now.