Why is the issue of commission refunds trending in the square tonight? It feels like a storm is brewing in the city. I guess everyone has been educated about it, and anyway, the folks below me are all getting the highest compliant refunds.
Some people say they can create a small account to invite themselves, so can they get the commission back? The answer is yes, but it won't be as high as KOLs; next month, only 30% will reach your hands. If you invite with a small account, only 10% will reach you. Would you choose to get back 10 from 100 oil or get back 25 from 100 oil within the highest compliance?
In theory, the commission is permanently refundable, provided that the upstream can pass the assessment. If they don't pass, then it won't work. Currently, the lowest maintenance for KOL is to bring in 10 new people over three months and complete a certain trading volume. If you can't achieve that, you will lose your qualification. Therefore, the refund ratio is very important, but finding a stable upstream is crucial.
If you want to apply for KOL status to get commission refunds for yourself, you can do that too. The prerequisite is that you must pass the assessment within three months, as there are requirements for trading volume; you can't just invite random people to register.
Recently, the atmosphere for commission refunds in the square has been quite chaotic; Binance has probably noticed it and might take action to regulate it.
Regarding the claim of adjusting the ratio to 0, with no commission refunds, I know about that. The contract is manual, and whether it's 0 doesn't really matter, as long as there is manual input; you and your upstream can just negotiate the ratio.
However, it must be said that charging for commissions can really save money. Some of the people under me have taken back several thousand to tens of thousands; that's real cash.
That's about it. You can see your trading commission ✖0.2 or whatever negotiated ratio, and you can calculate how much you can get back.
