Most of here on Steemit already know and are familiar with crypto currencies. Some of us trade with bitcoin on different exchanges, preferably exchanges with high volumes. Money just keeps pouring in on exchanges and these third party companies make a LOTS of it through charging fees per trade. However, few exchanges give you an incentive to trade on it.
Reach out the community, far less.
This is something Binance exchange brings to the table. The company does it's very best to keep their loyal followers up to speed through social media. They give their customers the privilege to vote on quality crypto currencies before listing them on their exchange. They give away free cryptos through taking part in competitions, a good way to spice things up. You can save on trading fees by using their token called Binance coin. The current deductible rate is 50% for the first year.
25% for the 2nd year
12,5% for the 3rd year
6,75% for the 4th year
In the 5th year they will no longer offer discounts. I assume by then the total supply of BNB coins will burn, as specified in the whitepaper, they burn a certain amount of tokens every quarter.
And last but not least they have this brand new referral program. Here are the program details:
-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.
A clever way to generate income in my opinion, all you gotta do is refer your fellow traders to use the binance exchange. Now this is what I mean by incentives and they if keep this up it's only a matter of time before they become one of the top exchanges with high volume. You can open an account as of today using my referral link.
https://www.binance.com/register.html?ref=10168869
Or if you prefer here is my referral ID: 10168869
Once you do open an account you can do the exact same thing are start earning. Enjoy the rest of the weekend folks!
