Bitget introduces a rewards program for users, allocating 30% of trading fee revenue to eligible traders and asset holders.
Cryptocurrency exchange Bitget has unveiled the Bitget Alliance program, which allocates 30% of its net trading fee revenue to a rewards fund for eligible users. Traders with a daily trading volume or account balance of at least 100 USDT can participate in this initiative, which started on September 28 and will continue until October 26.
The program involves four weekly funding periods, with each week generating its own rewards pool. This pool is divided into two segments: 60% designated for trading rewards and 40% for asset rewards. Calculations are based on fees from non-institutional users, excluding certain rebates and incentives.
As of September 29, the first fund accumulated 1.21 million USDT, with distributions of 728,953 USDT for trading and 485,969 USDT for assets. Rewards will be calculated at the conclusion of each weekly period and distributed in USDT within two working days.
Gracy Chen, CEO of Bitget, stated, “The Alliance program is our way of saying thank you” to users who have shown support following a security breach on September 24.
Distribution of Trading Rewards
Trading rewards will be determined by comparing users' average daily volumes over a week to the platform's average. To qualify, users must maintain a threshold of 100 USDT daily, while a cap of 3 million USDT is set on the calculation of excess volumes. Eligible transactions include various types of trades, though several specific operations like CFDs and certain stablecoin swaps are excluded from count.
Distribution of Asset Rewards
Asset rewards will be based on the average daily value of user account balances, assessed hourly. Users must maintain a minimum of 100 USDT daily on average for their balances to be counted, with a similar cap of 3 million USDT applied. Assets in certain categories, including Bitget Onchain and CFDs, are not included.
VIP Status and Support
Users at VIP levels 1-7 will receive a trial pass ensuring their status for 30 days, with distribution scheduled to complete by October 1. VIP users will also have exclusive access to personalized support and account management assistance.
