HELP CENTER
AscendEX to Implement New VIP Fee & Rebate Structure
Publish on 2021-10-06
Dear AscendEX Users,
AscendEX's new tiered VIP fee & rebate structure will go into effect at 9:00 p.m. EST, Jan 8th, 2021. Please see below for a chart illustrating the structure:
VIP Level | Criteria | Large Market Cap Assets | Altcoins | ||||
Trailing 30d Trade Volume (USDT) | Category | Trailing 30d Avg. ASD Holdings | Maker | Taker | Maker | Taker | |
0 | ≥ 0 | OR | ≥ 0 | 0.100% | 0.100% | 0.200% | 0.200% |
1 | ≥ 100,000 | OR | ≥ 5,000
| 0.090% | 0.100% | 0.180% | 0.200% |
2 | ≥ 1,000,000 | OR | ≥ 20,000 | 0.075% | 0.085% | 0.160% | 0.180% |
3 | ≥ 5,000,000 | OR | ≥ 100,000 | 0.060% | 0.070% | 0.130% | 0.150% |
4 | ≥ 10,000,000 | OR | ≥ 250,000 | 0.050% | 0.060% | 0.100% | 0.120% |
5 | ≥ 25,000,000 | OR | ≥ 500,000 | 0.040% | 0.050% | 0.075% | 0.100% |
6 | ≥ 50,000,000 | OR | ≥ 1,000,000 | 0.030% | 0.040% | 0.050% | 0.070% |
7 | ≥ 100,000,000 | OR | ≥ 1,500,000 | 0.020% | 0.030% | 0.020% | 0.040% |
8 | ≥ 150,000,000 | AND | ≥ 2,500,000 | 0.000% | 0.020% | 0.000% | 0.020% |
9 | ≥ 500,000,000 | AND | ≥ 5,000,000 | -0.010% | 0.015% | -0.010% | 0.015% |
VIP tiers 0 through 7 will receive trading fee discounts based on trade volume OR ASD holdings. This structure will provide benefits of discounted rates across both high-volume traders that choose not to hold ASD, as well as ASD holders that might not trade enough to achieve favorable fee thresholds.
Top VIP tiers 8 through 9 will be eligible for the most favorable trading fee discounts and rebates based on trade volume AND ASD holdings. Top VIP tiers are therefore accessible only to clients that provide significant value-add to the BitMax.io ecosystem as both high-volume traders AND ASD holders.
Exception Scenario:
UAT and ASDP trading pairs will not be eligible for the new tiered VIP fee & rebate structure with details as follows:
- Transaction fee for UAT/USDT is set at 0.2%, to be paid in UAT.
- Transaction fee for ASDP/USDT is set at 0.5%.
Note:
- User’s trailing 30-day trade volume (in USDT) will be calculated every day at UTC 0:00 based on the daily average price of each trading pair in USDT.
- User’s trailing 30-day average unlock ASD holdings will be calculated every day at UTC 0:00 based on the user’s average holding period.
- Large Market Cap Assets: BTC, ETH, XRP, USDT, BCH, LTC, EOS, BNB, BSV, XLM, ADA, TRX, LINK, HT, OKB, ATOM, DASH, ETC, NEO, USDC, XEM, DOGE, ZEC, PAX, ALGO, DOT, FIL, UNI, FTT.
- Altcoins: all other tokens/coins except Large Market Cap Assets.
- Both Cash trading and Margin trading will be eligible for the new VIP fee & rebate structure.
- User’s unlock ASD holdings = Total Unlocked BTMX in Cash & Margin accounts.
Thank you for the continued support.
AscendEX Team
Jan 7th, 2021
Telegram Group: https://t.me/BitMaxioEnglishOfficial
