Get Permanent Commissions with the Updated CoinEx Ambassador Program!

Founded in 2017, the cryptocurrency exchange CoinEx aims to provide returns to users in its wide ecosystem. The exchange stands out with the CoinEx Embassy Program as a passive income channel. In this program, ambassadors can earn passive income by receiving referral commissions. Recently, the platform has updated a few critical points in this program that will benefit ambassadors. In this article, we will review CoinEx’s updated messenger program…

Here’s what you need to know about the updated CoinEx Embassy Program and standing commission

CoinEx has been maintaining its ambassador program since March 2020. With the help of ambassadors around the world, the platform has managed to create many different communities. The exchange, which recently updated this program, lowered the threshold for the evaluation of ambassadors. In addition, with this change, the commission of the ambassadors was made “permanent” and the commission rate was increased up to 50 percent.

Prior to the upgrade, the validity period of the commission earned by the ambassadors from referrals was 24 months from the date the invitees registered. However, after 24 months, the ambassadors could not benefit from the actions of their guests in any way. This situation has changed after the new upgrade. Ambassadors are now able to benefit from the advisory commission on a permanent basis during their tenure.

For example, before the program is renewed; An ambassador could receive the commission from the transactions of the user he invited on January 20, 2022, until January 20, 2024. With the new program, the ambassador is on CoinEx during his stay and duty as ambassador will be able to receive commission on a permanent basis from the transactions carried out by the invitee.

Thresholds required for CoinEx embassy lowered

CoinEx establishes various standards when evaluating ambassador applications. The commission rate of the ambassador ranks, which are classified as silver, gold and diamond, varies depending on the transaction volume of the invited users.

• Silver rank: After the program update in question, it is enough for the silver class ambassadors to invite 3 or more new users to reach this level. Previously, this standard was 10 users. Apart from that, in this group, the transaction volume of invited users is enough to exceed $ 500,000. The 3 new invited users just need to register with CoinEx and build trading volume on the platform after being invited by the ambassador. The commission rate received by silver-ranked ambassadors is 40 percent.
• Gold rank: On the other hand, the amount required for the transaction volume generated by the users invited by the gold rank ambassadors has been reduced from 2,500,000 USD to 1,000,000 USD. This marks a 60 percent decrease. At the same time, ambassadors are also required to invite at least 3 new traders, as with silver rank. Ambassadors with the rank of Gold receive a commission fee of 45 percent.
• Diamond rank: Finally, the USD 10,000,000 transaction volume required for the invitees of diamond rank ambassadors has been halved. In order for ambassadors to reach the diamond rank, their invitees now need to provide 5,000,000 USD in transaction volume. The commission fee that diamond-ranked ambassadors will receive is 50 percent.

In the meantime, it is worth noting that the monthly trading volume created by the users invited by the ambassadors includes spot transactions as well as margin and futures transactions.

What are the requirements to become an ambassador on the platform?

Certain conditions are required to take part in CoinEx’s embassy program. Those who meet any of the various conditions, such as independently managing a Blockchain-related Telegram group to support the promotion of CoinEx, having various personal social media accounts, experience in events such as meet-ups, fan meetings, can apply to the embassy. The application screen is as follows:

After becoming a CoinEx ambassador, users can create a referral link as shown below and start inviting others.

You can enter this address and click on the “Apply Now” option to join this program that will allow you to be involved in the crypto money industry and earn passive income by only sharing your link.

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