The cryptocurrency landscape continues to evolve, bringing both opportunities and challenges for digital asset platforms. To maintain fairness, enhance security, and protect genuine users, a recent update to the referral and registration reward framework has been implemented by a prominent digital currency exchange. This revision aims to prevent fraudulent activities while ensuring that active and authentic participants benefit from generous incentives.
Strengthening Security and Authenticity in User Verification
User safety and platform integrity remain top priorities. The exchange has always enforced strict real-name verification protocols to safeguard user accounts and assets. Recently, however, the compliance team identified a series of suspicious registrations involving photo-manipulation techniques—commonly known as "PS"—used to forge identity documents.
These attempts involved stealing personal identification information to create fake accounts, with the sole intent of claiming referral bonuses and climbing leaderboards illegitimately. Such actions not only violate platform policies but also pose serious risks to the broader community.
👉 Discover how secure crypto platforms protect user identities and rewards
In response, the exchange has taken decisive action: all confirmed fraudulent accounts have been permanently suspended, and legal measures may be pursued where applicable. This proactive stance reinforces the platform’s commitment to transparency and trust.
Updated Registration Incentive Program
To encourage legitimate participation and reward authentic new users, the registration reward policy has been refined:
- Eligibility: Users must complete real-name verification and make their first deposit (initial coin top-up).
- Reward Structure: Upon meeting the criteria, new registrants will receive a promotional allocation of all tokens launched during November. For any additional tokens listed after registration, rewards will be retroactively issued once the asset goes live on the platform.
This ensures that early adopters are fairly compensated without compromising platform security or fairness.
Enhanced Referral Reward Framework
To foster organic growth while minimizing abuse, the referral program now features a two-tiered incentive model:
1. Transaction Fee Commission
Affiliates earn passive income based on their invitees’ trading activity:
- First 3 months: Tiered commission rates apply—80% in Month 1, 60% in Month 2, and 50% in Month 3.
- From Month 4 onward: A sustainable 20% commission continues indefinitely.
- Future adjustments may be made based on market conditions and platform performance.
This structure rewards early engagement while providing long-term earning potential for dedicated referrers.
2. Invitation Leaderboard Bonus
A competitive ranking system incentivizes high-volume referrals:
- Criteria: Invitees must complete real-name verification and execute their first deposit.
- Rewards: Top three referrers who invite 35 or more qualified users receive an extra $8 per successful referral.
- Payout Schedule: Weekly disbursements occur every Tuesday, covering the previous week’s achievements.
Multiple entries are allowed—the more valid referrals, the greater the reward.
Important Note: The platform actively monitors for duplicate or falsified accounts. Any detected misconduct will result in immediate disqualification from both commission payouts and leaderboard eligibility.
Effective Date and Operational Transparency
The revised rules took effect on November 22, 2017, at 18:30 (UTC+8). The exchange reserves the right to modify terms at its discretion and holds final authority over policy interpretation.
Risk Disclosure for Cryptocurrency Investors
While digital assets present compelling investment opportunities, they also carry significant volatility and risk. Users are strongly advised to conduct thorough research before engaging in trading activities. Although the exchange carefully selects high-quality blockchain projects for listing, it does not guarantee returns or assume liability for financial losses arising from market fluctuations.
👉 Learn how leading exchanges support secure and informed crypto trading
Frequently Asked Questions (FAQ)
Q: What constitutes a "qualified referral"?
A: A qualified referral is a user who registers through your unique link, completes real-name verification using valid personal documents, and makes their first deposit into their account.
Q: How can I check my referral status and earnings?
A: You can view your referral statistics, including pending and confirmed invites, along with commission details, in the "Affiliate" or "Referral Center" section of your account dashboard.
Q: Are there limits on how many people I can invite?
A: No—there is no cap on the number of referrals you can make. The more genuine users you bring in, the higher your potential earnings.
Q: When are leaderboard rewards distributed?
A: Cash rewards for top referrers are paid out weekly every Tuesday, covering performance from the prior week.
Q: Can I still earn commissions if my invitee doesn’t trade immediately?
A: Yes—commission eligibility begins once your invitee registers. However, actual earnings depend on their trading volume over time.
Q: What happens if someone uses fake ID to register?
A: If identity fraud is detected during verification, the account will be banned, and no rewards—neither commissions nor leaderboard bonuses—will be granted to the referring party.
Building a Fairer Crypto Ecosystem
By tightening verification standards and refining incentive models, the exchange sets a benchmark for responsible growth in the digital asset space. These updates ensure that rewards go to real participants who contribute positively to the community—not to bad actors exploiting system loopholes.
👉 See how trusted platforms balance innovation with security in crypto rewards
As the industry matures, such measures will become increasingly vital in fostering sustainable user engagement, regulatory compliance, and long-term value creation. Whether you're a newcomer or an experienced trader, staying informed about policy changes helps you navigate the dynamic world of cryptocurrency with confidence.