Bitget Raises Alliance Program Reward Pool to 4.8 Million USDT

3 Min Read Tags:
  • Bitget increased the Alliance Program rewards pool to 4.8 million USDT.
  • Bitget said users can earn rewards based on eligible trading activity and asset holdings.
  • Eligible activity includes certain spot, futures and stock trades, subject to the program’s rules.

Universal exchange (UEX) Bitget announced that it has increased the Alliance Program rewards pool to 4.8 million USDT. The program allows users to earn rewards for eligible trading activity and for holding qualifying assets on the platform, the company told Incrypted.

How rewards are calculated

The program uses two reward-distribution mechanisms. The first calculates a user’s share of the platform’s total eligible trading volume for the day. The second is based on the user’s share of eligible asset value compared with the combined eligible asset value of all participants.

Rewards are therefore distributed in proportion to qualifying activity and asset holdings, according to the company’s press release. The final amount depends on the pool available for the settlement period, other participants’ activity and the value of assets counted under the program’s rules.

The release says a user’s daily eligible trading volume must be at least 100 USDT to participate, with the same minimum threshold applying to eligible asset value. For each reward mechanism, the calculation is capped at 3 million USDT per user per day.

Bitget said trading volume below the threshold is counted at its actual value when rewards are calculated. Eligible asset value below the threshold is not included in the asset-based calculation.

Eligible trades and assets

The trading-reward calculation includes eligible spot and futures transactions, as well as stock trading. Onchain, CFD and Stock+ trades, converter operations and zero-fee trading pairs are excluded.

For asset-based rewards, funds held in a user’s account are counted, excluding Onchain, CFD and Stock+ assets. The minimum eligible asset value is determined using hourly account snapshots during the calculation period, which runs from 19:00 to 18:59:59 Kyiv time.

Other offers and safeguards

Bitget also offers limited-time Earn products with yields of up to 12% a year, expressed as an annual percentage rate, on stablecoins. A trial pass allows users to retain their VIP level for 30 days, subject to the product’s terms, the statement said.

The company said security remains a key part of its infrastructure. Bitget publishes proof-of-reserves data, maintains a reserve ratio above 100% and operates a User Protection Fund as an additional risk-mitigation mechanism. Users can independently check the status of their assets and review available reserve information, according to the company.

Full participation terms and reward-calculation details are available on the official Bitget platform.

Source: Incrypted

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Bitget Raises Alliance Program Reward Pool to 4.8 Million USDT

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