Coinex continues effective efforts in development
As per an authority declaration from CoinEx, the organization has redesigned the current Ambassador structure beginning January 12, 2022 to urge more clients to partake in this program.
Under the redesigned rules, ministers just need to welcome at least 3 new brokers to arrive at the Silver Rank.
The assessment measures for Silver Ambassadors have been changed from "$500,000, or Total Referred Traders (last month) 10" to "≥$500,000, or Total Referred Traders (last month) .
As such, when the representatives arrive at the silver position, they will just have to welcome at least 3 new dealers every month to keep up with their position.
It ought to be noticed that main clients who made exchanges after the reference will be considered as new dealers.
- Decreasing the exchanging volume needed for brilliant envoys from $2.5 million to $1 million
Before the redesign, Gold Ambassadors are needed to record a reference exchanging volume of $2.5 million, which has now been decreased to $1 million, a drop of 60%.
Simultaneously, similar to Silver Ambassadors, Gold Ambassadors should likewise welcome somewhere around 3 new dealers each month.
- Precious stone Ambassadors are presently needed to record a reference exchanging volume of $5 million ($10 million already) for a half commission!
As to exchanging volume needed for precious stone envoys, CoinEx divided the number, cutting the exchanging volume from $10 million to $5 million.
Notwithstanding the low exchanging volume, Diamond Ambassadors should likewise welcome at least 5 new dealers each month.
A half commission rate will be promptly accessible to Diamond Ambassadors who meet these two measures.
At the end of the day, assume that a merchant who is welcomed by the Diamond Ambassadors has made exchanges worth $100,000, the representative will get $50,000 USD from CoinEx.
In any case, in the wake of redesigning, diplomats will actually want to get commissions always as long as they are still CoinEx representatives.
For instance, before the redesign, assume Ambassador A welcomes User B on January 12, 2022, then, at that point, he will never again get the reference commission produced by the exchange charge made by User B after January 12, 2024,
Whether or not he/she is as yet a CoinEx envoy.
While after the new advancement, as long as Ambassador "A" stays a diplomat for "CoinEx", he will actually want to get commissions always after fruitful references.
It is significant that the complete exchanging volume demonstrated covers spot and edge exchanging.
This implies that spot, edge or agreements exchanges made by the showed dealer (counting old and new clients welcomed by envoys) in the previous month will be remembered for the complete exchanging volume.
CoinEx is solid, they have always treated me right over the years. I do wish they had a more intermediate high volume market maker program, maybe one where you received a smaller discount (maybe 40% or so) if you did $250,000 - $300,000 a month in volume, I think that would encourage people to trade more as it seems more achievable. Currently, you need to hit $5,000,000+ a month, so most people do not even try. But it was $10,000,000 before, so at least it is some improvement.
Also, if they de-listed about 50 coins, it would help volume, as the volume would be less spread out, and would be more concentrated in the coins people like. But they do have an excellent selection and carry all of my coins, so I cant complain, ha ha.
I wish CoinEx and their staff the best though, they have great support for reputable coins like HIVE, and also tons of support for privacy coins, they have one of the best best selections anywhere.