Sharing is Caring: Binance Introduces the Brand New Referral Program.

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The Epic Cryptocurrency Exchange Binance, Never afraid to kick start new programs and trading features in their exchange. Binance has Introduced, referral programs and those schemes were very popular. And now they have launched the new theme of referral program, Sharing is Caring.

Here’s a step-by-step explainer on how Sharing is Caring works through the Binance Referral Program.

1. You have three friends: Alice, Bob, and Chad. You have a Binance account, and you invite them using your Referral ID. 
2. By default, you get a 20% referral bonus on the trading fees that your friends paid. If Alice spent 1 BNB on her trading fees, you’ll get 0.2 BNB. If Bob pays 0.05 BTC in trading fees, you’ll gain 0.01 BTC. And you’ll get these bonuses every hour, depending on the hour your friends have traded.
3. This is where it gets exciting for you and the gang. You can choose to share some of the 20% referral bonus you get with your friends. And you have the following options when it comes to sharing:
4. But wait, there’s more! Keep 500 BNB or above on average per day in your Binance account, and your referral bonus goes up to 40%! What does this mean? Let’s recap: If Alice spent 1 BNB on her trading fees, you now get 0.4 BNB instead of the usual 0.2 BNB. If Bob pays 0.05 BTC in trading fees, you now gain 0.02 BTC instead of the usual 0.01 BTC.
5. When you hit this 40% referral bonus rate, you’ll get more options on how to share your bonus with your friends. Here are those options:
6. Just a warning though: if you want to retain the 40% referral bonus, please make sure that your BNB balance is always above 500 BNB. If it drops below to the point that it affects your daily average, your referral rate automatically goes to 20%.

Source : Binance

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