BitOrb referrals will be able to earn commissions based on the amount of ORBYT Tokens they hold.
The BitOrb exchange’s taker fee is 0.075%.
The referee’s taker fee shown in the table represents the taker fee after deducting the discount benefit that the referee gets based on their amount of ORBYT Tokens.
Deducting the maker fee of 0.025% from the referee’s taker fee will get you the commission for affiliate as a percentage of volume traded by the referee.
REFERred users' benefitS:
Users who were referred by the referrals do not have to buy any ORBYT tokens to enjoy 10% discount on trading fee unlike non-referred users.
They can also earn more discount up to 30% when they purchase more ORBYT tokens.
Users who did not register on BitOrb via an affiliate link will not be entitled to a discount on the trading fee if they do not hold any ORBYT Tokens or if their ORBYT Tokens is less than 100.
- ORBYT TOKEN T&Cs
Terms and Conditions
Orbyt tokens provide you with a right to receive, as and when profits are declared by the board of directors of the Holding Company (Holdco) of the Exchange Entity, 20% of the profits legally available for distribution by the HoldCo after provision of working capital and total expenses and making such transfers to reserves, as the board of directors of the HoldCo determines in its sole and absolute discretion, (“Profit Share”) subject to the following:
A. The Profit Share shall be distributed to the Staking Members (as at the time the profits are declared by the board of directors of the HoldCo) pro rata (fractional entitlements being rounded to the nearest whole number) based on the amount of Tokens that each of them hold relative to the total number of Tokens held by all Staking Members (as at the time the profits are declared by the board of directors of the HoldCo);
B. Staking members are BitOrb Exchange users with registered ORBYT wallets of 100 $ORBYT or more.
C. Exchange Entity shall have the sole and absolute discretion to determine whether to distribute the Profit Share to the Staking Members in cash and/or in kind and the mechanism for distribution;
D. Exchange Entity shall not be liable to any Staking Member who fails to receive its share of the Profit Share if such failure is due to the non-cooperation of such Staking Member;
E. Payments, amounts and timings of the Profit Share shall be subject to Applicable Laws and the HoldCo obtaining all necessary approvals, consents, waivers, authorisations or clearances required, including, where relevant, those from its board of directors, shareholders and regulatory and governmental authorities;
F. Nothing shall be construed as imposing on Exchange Entity any obligations (whether express or implied) to distribute the Profit Share at a specific date and time, provided that the Issuer shall use its reasonable endeavours to procure that the Profit Share is distributed as soon as practicable after the declaration of profits by the board of directors of the HoldCo referred to above.
There are three ways to store your ORBYT tokens: TomoWallet, MyEtherWallet or Ledger
Terms & Conditions
- Affiliate compensation will be in the form of Orbyt Tokens. Affiliates will have to perform the services at his/her own expenses and use his/her own resources and equipments. The Affiliate will have to acknowledge that the compensation represents the affiliate’s entire compensation with respect to the agreement. BitOrb will not have any obligations for any other expenses or cost incurred by the affiliate during the term of services.
- Affiliates will have to adhere to the commissions compensation based on the structure listed as per shown in the affiliate program. Commissions will be paid out in Bitcoin and will be distributed at the end of each day.
How It Works
In January 2019, Mary signs up through John’s affiliate link. Without purchasing any Orbyt tokens yet, she is already entitled to 10% discount on trading fee while John enjoys #% commission.
Later that year in June 2019, Mary decided to purchase 50,000 Orbyt tokens. She remains to keep her 50,000 Orbyt tokens for the next 6 months. As a result, she is entitled to enjoy #% discount on trading fee while John receives #% commission monthly until the end of the year.