Here is the detail on how the bonus and the referral fee will work after trading opens in March 2018.
How does your $500 dollar bonus work?
As you have noticed, the amount is expressed in dollars and it will stay that way. The fee for every trade you make will be converted into dollars based on the current exchange rate.
You buy 1 ETH at 0.09478050 BTC/ETH, you pay a maker fee of 0.1%. The fee that you pay, will be denominated in BTC and subsequently will be converted into USD according to the current market price. In this example, the fee of 0.0000947805 BTC will be converted into USD based on the current exchange rate, $11300 as of the time the post is being written. The amount subtracted from your bonus account would be $1.07101965.
Disclaimer: The $500 sign up bonus is not withdrawable and can only be used to cover your trading fees.
How do your referral fees work?
The referral fees you get at UPcoin is withdrawable and spendable at your own discretion.
The referral fee you get is generated by your qualified referrals (basically, anyone who trades at UPcoin is a qualified referral). It’s important to note that the $500 doesn’t count towards your referral payouts.
Referral fees will be generated and paid in real time and you will see aggregated stats for the current month. Payment will be made based on the market of your trade. For example, if your referrals trade within the BTC market, you will get your referral fee in BTC; same holds for other markets.
We have received several thousand applications for the beta test and all available slots for Round 1 and Round 2 got quickly filled.
We have temporarily closed our registration for the beta test and will reopen it again shortly before Round 3, of which a separate announcement will be made.
Shortly before the test, we will email all our Round 1 beta testers, providing detailed instructions and explaining the testing procedure in greater detail.
We have created a closed beta testing group in Telegram and will send out invitations to all Round 1 participants. Our support team will be available 24/7 during Round 1 and we will keep on taking feedback until all requests are fully processed and submitted to our dev team.
Traders are heard at UPcoin, so please feel free to share your thoughts with us anytime. Constructive criticism is also encouraged as it helps UPcoin to grow stronger.
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