Dear community, In order to help Nami Exchange users receive additional benefits when participating in introducing Nami Insurance products to newcomers, Nami would like to announce the launch and application of the Nami Insurance Referral Mechanism from 2023-09-05 07:30 (UTC) . About Referral Program: For each new user successfully referred and using Nami Insurance, the referrer will receive a commission from the margin assets in the referred user's insurance contracts. Commission Rates: All Nami Exchange users who completed KYC are available to participate in the program with commission rates as follows: Regular users (not registered as a community development partner) Regular users receive up to 1% commission on Q-Cover from the referred users’ insurance contracts. Nami Community Development Partner The partner’s network can receive a commission up to 3.5% commission of Total Q-Cover from the referred users’ insurance contracts, specifically: Rank Insurance Commission Rates Conditions (one of two) Total Futures Volume per Month Total Spot Volume per Month Diamond 0.5% 5,000,000 USDT 500,000 USDT Platinum 0.5% 2,500,000 USDT 250,000 USDT Gold 0.5% 1,000,000 USDT 100,000 USDT Official 2% 200,000 USDT 20,000 USDT Commissions are compounded every hour. Please note, depending on the status of the insurance contract when closing, the formula for calculating the Commission will change as follows: Commission for Paid contracts = Commission Rate x Q-Cover Commission for Margin Refund contracts = Commission Rate x Margin Liquidated contracts do not generate commissions For example: User A is successfully introduced from Official Partner B and has Insurance Contracts paid with a total Q-Cover of 1,000 USDT, partners in the same system will receive the corresponding commission value as following: Official partner B: 20 USDT, Gold, Platinum and Diamond partners in the same system: 5 USDT. Important notices: Every user has a Commission Wallet. The system will send all commissions to this wallet. Partners can withdraw the commission to the main wallet when the commission reaches the equivalent of 0.5 USDT. The system will update the data and automatically rank partners at 17:00 (UTC) on the last day of each month. Best regards, More information: Nami Exchange introduces new referral mechanism How to create and manage referral codes/links? How to use Nami Insurance on Nami Exchange? Note: Nami reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Nami is not liable for any losses that might arise from your investment. This information should not be regarded as financial or investment advice. About Nami Exchange Nami Exchange is a trading platform belonging to the Nami Foundation ecosystem that enables dynamic trading and effective investing through its Spot and Futures trading systems, which offer a wide selection of nearly 700 trading pairs, support leverage up to x125, and 24/7 live support in Vietnamese & English. ___ Website: https://nami.exchange/ Download Nami Exchange app here . Nami’s community: Telegram Nami Global Community: https://t.me/NamiGlobalGroup Twitter: https://twitter.com/NamiExchange Facebook Global Community: https://www.facebook.com/groups/namiglobal About Nami Insurance Nami Insurance is a decentralized hedging protocol applying Blockchain technology to provide a solution to support asset insurance when the market fluctuates against predictions. Website: http://namiinsurance.io/ Whitepaper: https://docs.namiinsurance.io/ Twitter: https://twitter.com/nami_insurance