VNEX Global will officially implement the following Tiered Fee Structure upgrade which incorporates the use of VNEX Token (VN TOKEN) as a transaction fee payment mode, starting 12:00 1st July (GMT+8). This newly proposed structure will only apply to crypto-crypto trading (including margin trading). Subsequent efforts will be undertaken at a later stage to support margin interest, OTC, contracts and other related businesses.
From 1st to 21st July 2019, the new tired fee structure will apply only to users on an invitation-basis only. This upgraded tiered fee structure will only be made available to all users starting 22nd July 2019. During this transition period, transaction fee rate for all users outside this invitation list will remain unchanged.
Details as follows:
General Tiered Fee Structure
|Type||Level||30 day trading volume (BTC)||Base fee rate||VN TOKEN holdings||Fee Rate (in VN TOKEN)||Effective Discount|
|Normal users||1||< 1000 BTC||0.2000%||≥10VN TOKEN||0.1800%||10%|
Normal users will continue to enjoy referral income, subject to a cumulative rebate cap of 5000 *points per invitee; Applicable conversion rates are as such: 1 Point (Point Card):1USDT, and VN TOKEN conversion is based on prevailing market price.Professional Trader Tiered Fee Program
|Type||Level||30 day trading volume (BTC)||VN TOKEN holdings||Base fee rate||VN TOKEN Fee Rate (25% disc)||100,000 VN TOKEN Holder VN TOKEN Fee Rate (35% disc)|
|Both Conditions Required||Maker||Taker||Maker||Taker||Maker||Taker|
|1||≥1000 BTC||≥5000VN TOKEN||0.0700%||0.0850%||0.0525%||0.0638%||0.0455%||0.0553%|
|2||≥1500 BTC||≥10000VN TOKEN||0.0650%||0.0800%||0.0488%||0.0600%||0.0423%||0.0520%|
|3||≥5000 BTC||≥15000VN TOKEN||0.0600%||0.0750%||0.0450%||0.0563%||0.0390%||0.0488%|
|4||≥10000 BTC||≥20000VN TOKEN||0.0550%||0.0700%||0.0413%||0.0525%||0.0358%||0.0455%|
|5||≥15000 BTC||≥25000VN TOKEN||0.0500%||0.0650%||0.0375%||0.0488%||0.0325%||0.0423%|
|6||≥20000 BTC||≥30000VN TOKEN||0.0450%||0.0600%||0.0338%||0.0450%||0.0293%||0.0390%|
|7||≥40000 BTC||≥35000VN TOKEN||0.0350%||0.0500%||0.0263%||0.0375%||0.0228%||0.0325%|
|8||≥80000 BTC||≥40000VN TOKEN||0.0250%||0.0400%||0.0188%||0.0300%||0.0163%||0.0260%|
|9||≥150000 BTC||≥50000VN TOKEN||0.0150%||0.0300%||0.0113%||0.0225%||0.0098%||0.0195%|
*Users under the Professional Trader Tiered Fee Program will not receive referral fees under the Super Rebate program.VN TOKEN holding and trading volume:
At 0:00 A.M. (GMT+8) every day, the system calculates users’ trading volume for the past 30 days (converted into BTC). Users’ VN TOKEN holdings are based on random snapshots taken the day before. Users’ tier level and transaction fee rates are automatically updated at 4:00 A.M. (GMT+8) every day, and transaction volume in BTC is converted according to the closing price of BTC trading pairs at 0:00 A.M. (GMT+8).Rules for proposed Tiered Fee Structure program:
- The above-mentioned proposed tiered fee structure relates only to crypto-crypto trading (including margin trading), and is applicable only to trading fee payment, and does not apply to withdrawal fee, HB10 in/out exchange transaction costs, and other fees associated with margin interest, OTC, contract trading.
- After the launch of our tiered transaction fee program, we will officially stop all Point Card sales on our website. Point Cards can still be used, however, Point Card and the new tiered transaction fee program are mutually exclusive and cannot be applied at the same time;
- If there is Point Card balance remaining in the account, Point Card mode will be set as default, and users need to manually switch to tiered transaction fee mode in their account settings. Otherwise, tiered transaction fee mode is set by default;
- Point Cards can continued to be deducted to pay interest incurred from Margin Trading.
VNEX Global invites you to experience our tiered transaction fee program and hope this upgrade can bring you a better trading experience!About terms:
Maker: Maker refers to orders initiated to create an order book, pending matching fills;
Taker: Taker refers to order that have a matching order price in the order book and can be immediately filled.