"Invite Friends" Program Escalated Further: USDT-margined Swaps Rebate Goes Live

Dear valued users,

In order to continue to expand the rights of “Invite Friends” partners, Huobi Global will add USDT-margined swaps into the rebate program. Huobi invites you to join along with Huobi to achieve a win-win situation with the DeFi development in 2021, the trend of accelerated integration of traditional finance and digital finance, and the opportunity for potential core users to continue to enter the market. Look forward to the excellent global partners with resources and capabilities to join us!

 Contract Rebate Upgrade: Currently USDT-margined swaps is added into the rebate program; 60% rebates can be obtained by the participants. (Channels that already in cooperation with Huobi do not need to apply again)Applicants shall firstly express their intentions in the registration form and briefly discuss the feasibility of the referral program. Huobi Global will investigate and evaluate the qualifications of applicants within ten working days, and send results to them on the next working day. Eligible applicants will enjoy the upgraded rebates on the day they receive evaluation results. Currently, the contract rebate program is available for coin-margined futures, coin-margined swaps, and USDT-margined swaps.

I. Application time

16:00 on Mar. 31, 2021, – 15:59 on Dec. 30, 2021 (UTC)

1. Partnership rules of spot rebate for channels

Level	Partnership condition & quarterly evaluation criteria	Rebate	Duration
Level 1	Refer friends and earn 30% of their trading fees. No Quarterly Evaluation Required.	30%	730 days
Level 2	1. In the past three months, 200 new registered users were invited, including at least 20 of them who have done spot trading.	40%	730 days
	2. In the past three months, newly invitees have an accumulated total spot trading transactions of at least 400,000 USDT (At least 10 users traded).
Level 3	1. Hold and lock 10000 HT	40%	Permanent
	2. In the past three months, 500 new registered users were invited, including at least 50 of them who have done spot trading.
	3. In the past three months, newly invitees have accumulative total spot trading transaction of at least 1,000,000 USDT (At least 25 users traded)

1. Rebate ratio & duration: Channels of spot rebate partners must meet the conditions in the above table. The spot transaction rebate rate is 40% (The users who have already been invited and registered will not be affected). The rebate duration is divided into two levels, two years since the invitee registered and permanent. After the duration ends, the rebates of the invitees will be stopped.

2. Quarterly evaluation: Implement the quarterly evaluation rules on the channels’ achievements. The standards are the same as the above table and consistent with the partnership conditions. The evaluation is equivalent to re-rating the channel and only affects the rights of inviting new users after the re-rating. The users who have already been invited and registered will not be affected. Some important instructions are as follows:

a. For Level 2 and Level 3 channels, if the channel fails to meet the standard, the level of the rebate will be lowered until the channel status is released, the rights will be back to the default level (30% rebate for 730 days);

b. During partnership and evaluation, meeting the conditions in the table above does not necessarily mean that the rights will be opened. The final opening of rights depends on the results of Huobi’s actual inspection. During the inspection, priority will be given to the status of newly registered users and trading users' numbers.

3. Rebate limit: The spot transaction rebate including USDT, Point Card, HT three types of assets, Point Card is calculated at 1:1, HT is converted based on the current market price. If the rebate reaches the 20,000 USDT limit, the exceeding part of Point Card and HT will stop rebating. There is no limit for the USDT rebate using the basic fee rate (currently 0.2%) (invitees need to turn off the HT and Point Card deduction switches). Invitees can choose their own fee rate system freely. After the limit is reached, the rebate of the invitees will be stopped. The upper limits of different rebate level are as below:

a. For Level 1, the spot transaction rebate limit provided by each invitee is 5,000 USDT;

b. For Level 2 and Level 3 channels, the spot transaction rebate limit provided by each invitee is 20,000 USDT;

4. Related to the risk control rules: The rebate of the channel that violated the risk control rules will be intercepted and will not be issued to the inviter. The part of intercepting the rebate according to the risk control rules is not counted in the channel evaluation standards.

5. Settlement method: Settle in the next day. In order to facilitate channels to manage its resources, channels that meet the conditions of Level 3 can apply for up to 5 invitation accounts for sub-channel invitations. Sub-accounts can be opened directly without restrictions on partnership conditions, but each account needs to independently meet the subsequent quarterly evaluation standards.

III. Partnership rules of contract rebates for channels

The contract rebate is now available for three derivatives, which are coin-margined futures, coin-margined swaps, and USDT-margined swaps. 

Level	Partnership Conditions & Evaluation Standards (both conditions shall be met at the same time)	Rebate	Duration	Maximum rebate can be provided by each invitee	Maximum rebate can be provided by each channel
	(Three derivatives are merged to calculate)			(Three derivatives are calculated separately)
Level 1	1. Among the new invitees who activate the account in the past three months, at least 10 of them should have traded contracts.	60%	365 days	20,000USDT	200,000USDT /month
	2. In the past three months, the new invitees’ current-period cumulative trading volume of three derivatives should reach $1.2 million.
Level 2	1. Among the invitees who activate the account in the past three months, at least 15 of them should have traded contracts.	60%	730 days	20,000USDT	400,000USDT /month
	2. In the past three months, the new invitees’ current-period cumulative trading volume of three derivatives should reach $3 million.
Level 3	1. Among the new invitees who activate the account in the past three months, at least 70 of them should have traded contracts.	60%	Permanent	20,000USDT	600,000USDT /month
	2. In the past three months, the new invitees’ current-period cumulative trading volume of three derivatives should reach $10 million.

1. Rebate ratio: Any inviters who meet the above conditions can enjoy up to 60% rebates. The rebates for coin-margined futures, coin-margined swaps, and USDT-margined swaps are calculated separately. The contract rebates generate from invitees’ net transaction fees, which excludes their negative transaction fees as Maker. For specific rebate details, please consult the customer supports of Huobi Futures.

2. Rebate duration: Three levels with “one year (365 days)”, “two years (730 days)” and “permanent” are available now. It is calculated separately from the rebate duration of spot trading. The rebate duration of three derivatives starts when the invitees activate the corresponding accounts. It is only available for channels whose rights to enjoy contract rebates take effect. Besides, rebates can be generated only when the invitees trade with a normal fee rate, meaning no rebate will be delivered if the invitees trade with a special fee rate (special fee rate refers to the preferential fee rate for VIP or Market Makers of three derivatives trading).

3. Evaluation conditions and duration: The evaluation will be proceeded on a quarterly basis according to the criteria in the above table. An integrated evaluation of three derivatives will be conducted to re-rate the level for each channel, and the channels invited after the re-rating will also be applicable to the rights of the new level. The rebate rights of users who have already been invited and registered will not be affected. Some important instructions are as follows:

a. The channel that cooperates with Huobi Futures for the first time can only apply for the Level 1 rights of rebate.

b. During the quarterly evaluation, both the number of new invitees and their trading volume of three derivatives will be evaluated. Channels that fail to meet the standard will be downgraded until one is disqualified to be a channel.

c. The trading volume of invitees that trade with a special fee rate shall not be included in the evaluation.

d. If a channel is disqualified for a contract rebate due to failed evaluation or violations of risk control rules, the rebates from all its invitees will be terminated at the same time.

4. Rebate limit: For contract rebates, the maximum rebates that can be provided by each channel and each invitee are as follows:

a. The maximum rebates that can be provided by each invitee is 20,000 USDT (coin-margined futures, coin-margined swaps and USDT-margined swaps are calculated separately).

b. The rebate of coin-margined contracts will be delivered to the coin-margined futures account or coin-margined swaps account designated by the channels in the form of an asset that invitees trade. The rebate of USDT-margined swaps will be delivered to channels’ cross margin account of USDT-margined swaps. The rebate limit will be converted according to the real-time market price of each asset. The invitee’s rebate will be terminated when the limit is reached.

c. The maximum rebates that can be provided by each channel are 200,000 USDT per month for Level 1, 400,000 USDT per month for Level 2, and 600,000 USDT per month for Level 3 (coin-margined futures, coin-margined swaps and USDT-margined swaps are calculated separately). The rebate limit will be converted according to the real-time market price of each asset.

5. Risk control rules

a. The transaction fee rebate that violates the risk control rules (including but not limited to the violations such as old users faked as newly-invited) will be intercepted and shall not be delivered to the inviters. And the rebates that are intercepted by the risk control system shall be not counted in its channel evaluation.

b. If an invitee creates repeated rebates for multiple channels, the rebates will only be sent to the first channel they belong to.

c. Inviters who invite new users through a phishing website or social accounts that similar to Huobi will be disqualified from the rebate.

IV. Obligations and codes of conduct of channels

1. The channel needs to build and promote regularly through its own channel. Huobi will periodically assess the number of new users and the level of new transactions in the channel on a quarterly basis. The standards and conditions are shown in the table above. Those who fail to meet the standards and conditions will reduce the rebate rights until the channel status is lifted.

2. Channels must abide by Huobi’s brand usage rules and report to Huobi’s channel business department in advance. Do not use Huobi’s Brand without permission. Reporting in advance does not mean that Huobi will provide credit endorsement for the channel’s behavior.

3. Channels must follow the restrictions of certain activities and speech when promoting and disseminating. Channels are prohibited to publish false information and price information that disrupt the market order.

4. Channels that violate the above code of conduct for the first time will be warned. Multiple violations will disqualify the channel as appropriate.

V. Application method

1. Form registration: users can click the form below, fill in the necessary information and submit to complete the registration.
English (Google Form): https://forms.gle/82RmSyw43F6CCG64A

2. Email registration: users can send an application email to [e-mail] to register. The email content must include Huobi UID, business country and region, own resources background, brief business plan, self-introduction, personal WeChat or mobile phone number and other information.

3. After successful registration, the Huobi official will reply within 10 working days. Please always pay attention to your email or WeChat.

Huobi Global will continue to implement the concept of “user first” and make unremitting efforts to promote the development of the blockchain industry. Thank you for your long-term support and you are welcome to give us valuable comments!

The final interpretation of the above rules belongs to Huobi. All rules changes are subject to Huobi’s official announcement.