Trading Fee Refunds Make ProBit Exchange’s Trade Mining a Trader’s Top Calling Card
What is Trade Mining?
Attractive user incentives and immediate trading benefits are key elements used by exchanges to attract users to utilize their platforms. With so many choices on the market, it’s up to the exchange to decide how to stand out from the crowd and determine the most effective way to encourage trading activity.
Trans-fee mining or Trade Mining was one of the pioneer approaches used by several exchanges looking to draw in traders on the strength of passive earning potential.
These Trade Mining features would compensate user trading fees by rewarding them with an equal amount in the exchange’s native token.
Some exchanges actually offered over 120% in which a profit could actually be earned just from trading.
As some of these offerings began to fizzle, ProBit Exchange, one of the top Korean exchanges took heed and added their own twist to provide a well-balanced set of incentives aimed at delivering top benefits for their users.
20–100% Trading Fee Refunds through Trade Mining at ProBit
ProBit Exchange has implemented a multi-faceted approach of delivering rewards centered around a combination of their utility token, staking features, and a passive stream of rewards to benefit first-time users. After all, who doesn’t enjoy rewards?
Trade Mining is the core element of user rewards, enabling users to gain anywhere from 20–100% trading fee refunds in the form of PROB tokens. The refunded trading fee is automatically used to buy PROB tokens from ProBit based on the 24-hour average price of PROB. As a result, users get PROB as a reward for Trade Mining and Trade miners pay as low as 0% effective trading fees.
Eligible markets for trade mining include BTC, ETH, and XRP, which are some of the most popularly traded coins around. This is a great way to earn major savings on the hefty transaction fees seen on many platforms.
The refund rate is dependent on PROB staking amounts (see table above). The higher the amount of PROB staked, the bigger the refund rate!
VIP 2 to VIP 5 ranked users who have staked 2,000 PROB but less than 100,000 PROB gets 20–80% trading fee refunds.
VIP 6 users and above who have staked the requisite 100,000 PROB unlock 100% trade mining refunds complemented by the considerable staking rewards including daily passive PROB accumulation.
While other exchanges chose to go the one size fits all approach, this meticulously tiered rewards system further incentivize users to climb up the VIP membership platform that unlocks ever-increasing benefits. Adding an element of gamification in the standard leveling up model makes it more exciting to take the requisite steps in progressing through the membership rankings which primarily involves staking PROB tokens.
How to Activate Trade Mining at ProBit
Trade Mining isn’t automatically applied to all accounts and can be activated with the flip of a switch in order for users to begin receiving trading fee refunds. Once activated, your specific level will determine the refund amount with the top VIP 11 members receiving 100% in returns and the lowest trading fees of 0.03%, making the entry fee for attaining ProBit Exchange’s top level a great value.
To activate Trade Mining, follow the steps in the poster below!
ABOUT PROBIT EXCHANGE
ProBit Exchange is a global Top 20 crypto exchange in real daily trading volume that has successfully completed over 200 rounds of IEO. ProBit Exchange also features over 300 trading pairs — one of the highest in the market.
ProBit Exchange Key Figures
300,000+ monthly active users
2,500,000 monthly web visitors
40,000,000 users on partnering aggregators and wallets such as CoinMarketCap
Global outreach in 8 key languages & markets provided
Join our active programs and get a multitude of benefits!
1. Trading Fee Discount: Buy PROB, pay trading fees with PROB & get as low as 0.03% trading fee
2. Trade Mining: Stake 100,000 PROB and get back 100% of trading fees in PROB when trading BTC, ETH and XRP
3. Stake Mining: Stake PROB and earn PROB at a rate of 4% per annum
4. Referral Program: Earn 10–30% of trading fees for referring friends to ProBit
ProBit Global: www.probit.com
ProBit Korea: www.probit.kr
ProBit Telegram: https://t.me/ProbitEnglish
