Expense Account & Rebate Settlement Time
Kindly ensure the Inviter Rebate account has sufficient funds of the selected rebate currency.
Settlement Method:
The chain server will issue the rebate of the previous day daily at around 1:30 AM (GMT+8).
In the event where the Inviter Rebate account has insufficient funds, the system will re-issue the rebate as soon as the funds is in.
How broker management work?
System role description
Broker: From the exchange you can set a variety of broker role, subordinate can have different rebate ratio, after creating the broker role need to manually assign the role to the broker.
Direct customers (ordinary users): Direct customers, that is, ordinary users, can become the downline of any broker, and the transactions generated will contribute rebate. These users can also invite other users to register and enjoy the rebates.
Function 1: Role Configuration
Step 1: Add a Role. Go to [Value-added Service]-[Broker Management] - [Broker Role],click 'Add a role.
Step 2: Configure the role
Role name – Label of the broker role
Participation Currency – The currency that will allow the user to receive rebate from when traded
Rebate Currency – The currency your user would receive as rebate (bonus)
Subordinate Role – Role under the current role you are configurating
Note: When you are create a role, the Subordinary Role can be left empty (and to be revisited again by clicking the 'edit' button).
Level Scale (Role Level) – Specify the role level
Note: The system currently only supports 1 Level [eg. A -> B B ->C]
Level Scale (Scale %) – Key in the percentage to be shared by the subordinate broker with the1st level broker.
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Step 3: You can only set one role as default. If you set multiple roles as default, the last role that you set will be the default role.
Function 2: Adding Users as Broker
There are 2 ways to become broker:
1. Via Referral, when a user has referred at least 1 user to the Exchange, the system will automatically convert him as brokers with the default broker role (He will not be converted to default role if he has already been assigned a role at the backend by the merchant)
2. Setting a user as an agent from the backend (kind refer to the image below)
Step 1： Go to [Broker Management], click 'set an agent'.
Section 3: You need to add broker page to the exchange before users can access the broker management page from the frontend.
Step 1: Add Broker in menu
Step 2： Jump Address : /Broker
Once you have saved, you should be able to locate the Broker tab on the Exchange
Your user will be able to see the records here