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Announcement on BingX Special Relief Subsidies Fund

Trading Made Easy
  • Updated

Dear BingX Partners:

The turmoil brought about by the FTX event to the entire crypto market has affected millions of users around the world. At the same time, we understand that BingX partners have suffered huge losses as a result, and many of you who have assets in FTX accounts are facing the same problem.

During the continuous impact of the entire FTX event, our BingX team immediately began to formulate corresponding plans to help BingX employees and partners. We will not turn a blind eye to the misfortune of any partner, so we will do our best to help those in need for BingX partners. We always believe that BingX is a whole team, and everyone is an integral part of it.

BingX has set up a special relief subsidies fund for the affected partners in this FTX event (including channel partners, affiliates, influencers, etc. Internal employees have been relieved from the impact).

Fund Pool: BingX emergency relief subsidies fund to deal with BingX partners affected by the FTX event.

Quota: 5,000,000 USDT provided by BingX.

Goal: Support BingX Partners who are experiencing a personal financial crisis.

Eligibility: LV4 and Above BingX Partners or Former FTX Partner, whose personal assets are trapped on the FTX platform (the savings amount is 20,000 USD and above), please contact the BingX official business to provide the corresponding information. For detailed application and requirements, please see the specific rules provided hereafter.

Fund Distribution: Each person can receive a living allowance of up to 1,000 USDT per month for 6 consecutive months.

We're sorry to hear of the losses you have suffered in this FTX event and are aware that your personal financial losses must have exceeded the amount that our offer can cover. However, we hope that BingX can at least lend a hand and help you and your family get over this in life. BingX will always help and stand together with our partners against difficulties.

BingX Team

 

>>>For more information, please read the details👇

Specific Rules

1. Fund Pool

  • BingX emergency relief subsidies fund is set up to help BingX partners affected by the FTX event.

2. Quota

  • 5,000,000 USDT provided by BingX.

3. Goal

  • Support employees and partners who are experiencing personal financial crises.

4. Eligibility

The following two types of partners can apply for subsidies.

  • BingX Partners
  1. Personal assets are trapped on the FTX platform (20,000 USD and above).
  2. Your FTX account should match your BingX account regarding identity information such as KYC. Each partner can only apply for subsidies for one account.
  3. Account level: Lv4 and above.
  4. Last month (October 2022) commission was greater than 100 USDT.
  • Former FTX Partners
  1. Personal assets are trapped on the FTX platform (20,000 USD and above).
  2. Become a BingX partner.

5. Fund Allocation

  • BingX Partners
  1. The partner will be subsidized according to the previous month's commission. If the previous month's commission is less than 1,000 USDT, the corresponding amount will be subsidized.
  2. If the previous month's commission is greater than 1,000 USDT, the subsidy will be 1,000 USDT.
  3. The partner will receive a living allowance for 6 consecutive months.
  • Former FTX Partners
  1. BingX will conduct an evaluation of formal FTX partners based on their valid new user data on BingX during the period (at least 30 new users who trade on BingX), and issue a maximum of 1,000 USDT per month for 6 consecutive months to eligible partners.

6. Application Deadline and Subsidy Payment Time

The application will close on November 30, 2022.

The first subsidy will be issued within 3 days after the application is approved, and the subsidy of the previous month will be issued in the first week of each month.

7. Required Materials for Application

Please fill out the form and provide the following materials. BingX team staff will contact you.

  • Contact information (text)
  • BingX UID (text)
  • Related materials proving your recent promotion of BingX (pictures)
  • FTX account-related information, savings amount, KYC information (videos)
  • [Optional] BingX team can turn on video identification to verify the authenticity of your FTX account
  • [Optional] Other materials that can prove the identity and authenticity of your FTX account

Note

BingX reserves the right to the final interpretation of the fund program. If there is any misconduct, BingX has the right to terminate the partnership.

 

BingX Official Channels

BingX App: https://bingx.com/en-us/download/

BingX Official Website: https://bingx.com

Telegram: https://t.me/BingXOfficial

Twitter: https://twitter.com/BingXOfficial

YouTube: https://www.youtube.com/c/bingx

Risk Disclaimer

Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.BingX attaches great importance to compliance and has strictly abided by local regulations. Please obey local laws and regulations in your country or region. BingX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.

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