Details on the new profit share rules for elite traders
Bitget
2024-01-12 07:30
Bitget's tiered elite trader system has been widely recognized by our users. To incentivize seasoned elite traders to enhance their trading strategies and further improve the user experience, Bitget is now upgrading the rules on elite traders' profit share.
The main changes in the upgrade are: (1) Removing the BGB lock-up threshold for profit share eligibility. (2) Determining the profit share ratio based on the elite trader's tier and increasing the ratio for each tier. (Hereinafter referred to as the New profit share rules). (3) The unlocking process will be automatically handled by the system and is expected to be completed by January 15. Once unlocked, your BGB will be accessible. Kindly ensure to check the status promptly.
The new profit share ratio rules will take effect on Monday, January 15, 2024, when the results for the new elite trader tier become available.
1. The new profit share rules are as follows:
a. The profit share ratio is determined by the elite trader's tier. BGB lock-up will no longer be needed.
| Elite trader tier |
Bronze |
Sliver |
Gold |
Platinum |
Extraordinary |
Legend |
| Profit share ratio |
10%
|
10% |
12% |
14% |
15% |
20%
|
* Notes: Bitget copy trading updates: Bitget elite trader tiers
* The maximum profit share ratio in the table above refers to the maximum profit share ratio that elite traders can set (not in private mode). Elite traders can go to the Personal Settings on the personal elite trading page to modify profit share ratio after the upgrade of the profit share rules.
b. Comparison of the new profit share rules with the old ones
|
|
New profit share rules |
Old profit share rules |
| Benchmarks for profit share ratio |
Elite trader tier |
BGB lock-up |
| Max profit share ratio |
20% |
10% |
To incentivize elite traders to provide higher-quality and more professional copy trading services, the new profit share rules are changing the benchmark for the profit share ratio and significantly increasing the maximum profit share ratio of the tiers. For example, elite traders of the highest tier (Legend) can enjoy a profit share ratio as high as 20%. The maximum profit share ratio is limited to 10% and subject to the BGB lock-up in the old rules.
2. Reasons for the profit share rules upgrade
a. BGB has gradually gained higher value throughout the past year, making the BGB lock-up threshold for profit share increasingly costly for elite traders. The table below compares the gains of BGB over the past year (BGB up 247.05%).
| Trading pair/Date |
Jan 05, 2023 |
Jan 05, 2024 |
1-year gains (%) |
| 0.19058 |
0.66142 |
Approx. 247.05% |
b. With the new profit share rules, elite traders can invest their BGB elsewhere for higher profits instead of locking up, allowing them to earn more.
c. The new profit share rules will determine the corresponding profit share ratio based on the tier of each elite trader. In other words, the ratio depends on the copy trading performance of the elite trader, and high performers are rewarded with more profit share.
3. Terms and conditions
a. Users are required to strictly abide by Bitget's terms and conditions. Any malicious behaviors, including improper order matching and wash trading, are strictly prohibited. If your behavior triggers the platform's risk control measures, your account and assets involved will be handled by the platform at its sole discretion.
b.This adjustment of profit share ratio rules only affects normal elite trading mode. The profit share ratio range for private mode is 0–99%.
c.The maximum profit share ratio for spot elite traders will be increased to 10% after the update (no BGB lock-up).Bitget will determine the maximum profit share ratio based on elite trader tiers after the spot elite trader tier system is launched.
d.Bitget reserves the right to modify or cancel the terms at any time and for any reason without prior notice at its sole discretion.
e. Bitget reserves the right of the final interpretation of the rules.