I hope you all are safe and earning from home in this pandemic . So today, I have come up with a Referral Program by Hoo Exchange. This post is all about using the Hoo Referral code or the Hoo Invitation Code and how to use it so that you can reap some passive income.
Hoo is offering a 2 tier referral program for its users in which when you refer a friend of yours, you get 20% of the trading fee as a reward, and when your friend further refers another person, you get 10% of the trading fee as commission. So you enjoy up to 30% commission. You have to share your Hoo Referral code with your family and friends to get rewarded.
This exchange also provides a unique Hoo Affiliate Program and Hoo VIP system. If you have a large crypto fan base, I would recommend using these programs to benefit from the extra perks and rewards for the VIP users and its Affiliates.
Hoo Referral code : 26757558
|Referral Link||Click here|
|Referral Bonus (Tier 1)||20%|
|Referral Bonus(Tier 2)||10%|
|Affiliate Program||Yes Available|
Also, check out some other Crypto Exchange Referral Schemes as well such as :
Avail discounts on crypto trading at Gate.io.
Get trading discounts on HBTC with our HBTC Invitation code.
How to Register on Hoo Exchange?
- Firstly visit this link to register yourself on Hoo.
- You can either register through your phone number or your Email ID.
- Fill up all the details that are required.
- Then you must set up a strong password for your account.
- You can show your support by entering our Hoo Referral Code 26757558.
- Now click on the ‘register’ button.
- You have successfully registered yourself on Hoo.
- So now you start sharing your Hoo referral code and inviting friends.
Hoo Referral Program Explained
If you ask my opinion, then you should register yourself on this platform as it offers a 2 tier program which means you can earn through your friends as well as from friends of friends and not only this it also gives you a chance to become a VIP member of Hoo which would fetch you a few more bucks. You can earn by collecting VIP Points by various methods discussed below.
Hoo Referral Rewards
The exchange offers its users a 2 tier referral scheme. Let us understand in detail what a 2 tier referral scheme means.
Referral Reward ( Tier 1 )
Let us suppose that you invite your friend to trade on Hoo exchange. When your friend registers, you will get 20% of their trading fee as a Referral Reward. This is called Tier 1 Reward, and the friend you invited will be your 1st level invitee (1 LI).
Referral Reward ( Tier 2 )
If your invited friend, i.e. your 1st level invitee, invites others to register on Hoo, you will get 10% of their trading fee as well, and those members will be known as your 2nd level invitee (2 LI).
Where to get the Hoo Referral Link ?
- Login to your Hoo account.
- Click on the user icon on the top right corner of the exchange.
- Go to “Referral Commission”.
- You can view your “Referral Code” and “Referral Link”.
- Start sharing your Code with your family and friends.
Referral Program : Terms and Conditions
- When you invite your friend, both you and your friend will get 50 points, and these points will be valid for the same period as mentioned in the VIP rights.
- To invite more friends, you need to upgrade your VIP level; the higher the VIP level, the more friends you can invite.
- You will get the commission fee only when your friends make spot trading.
- The price of the coin will be calculated by Hoo, based on the market price of USDT. So based on this price, the amount of coins rewarded may vary.
- Hoo has full right to disqualify you of getting the commission if the invitee disobeys any rules and regulations.
Hoo VIP System
The system comprises of VIP levels. These levels start from VIP 0 to VIP 6, a total of 7 levels. They are based on the number of points the user has. Also, it is to be noted that the effective period of points varies with different VIP levels.
Let us suppose that A invites B to register on Hoo, further B invites C to register. So now B will be the 1st level invitee of A (1 LI) while C will be the 2nd level invitee of A (2 LI). When C trades, A and B will receive rewards in a particular ratio from the trading fee C has paid. The rewards will be some VIP points and a portion of the trading fee. VIP 6 will receive a 20% fee from his 1LI and 10% from his 2LI.
VIP Rights table is shown below:
NOTE: When there is any up gradation in the VIP levels, then all your current points will add the corresponding days with respect to the new level. For example, from VIP 4 you become VIP 5, then all your current points will get 30 days more effective period.
How To Get VIP Points?
METHOD 1: Invite new users
When you invite a new user, both you and the invitee will get 50 points each. Also, when your 1LI and 2LI trade or buy points, you will get extra points in the ratio given below:
|Ratio||1 LI||2 LI|
|Trading Volume Points||10%||5%|
METHOD 2: Buy Points
You can buy points by upgrading yourself to the next VIP level. 100 points = 5 USDT
METHOD 3: Holding Asset
For user accounts BTC, ETM, USDT, EOS, snapshots will be taken, the user will be rewarded weekly points after taking an average of 7 days.
METHOD 4: Trading
You will get 100 points for a trading volume equivalent to 1 BTC.
Hoo Affiliate Program
Hoo offers a complete affiliate program in which the affiliates will receive a percentage of Affiliate Commission paid by the users they have referred. The exchange will pay this commission in USDT into the affiliate’s HOO wallet account.
NOTE: The Affiliate Commission Percentage depends on the account’s referrals Trading Turnover.
|VIP Level||Affiliate Commission%||Sub Affiliate Commission%||Maximum Commission%|
It comprises of Contract Trading and Funding Fee.
Contract Trading Fees: In Contract Trading, Maker fees is 0.02%, Taker fees 0.04%, Delivery Fee 0.050%, and Liquidation Fee 0.027%.
Funding Fee: Perpetual contract is to be charged with a funding fee.
Trading Fee Rate
For new users VIP(0), the Trading Fee Rate is 0.2%. It depends on the VIP Level of the user. According to your VIP points, Hoo keeps on updating your VIP levels and Trading Fee Rates every day. Detailed rates are given below:
|VIP 0||0 – 10||0.20%||0.20%|
|VIP 1||10 – 100||0.16%||0.16%|
|VIP 2||100 – 1000||0.14%||0.14%|
|VIP 3||1000 – 10000||0.12%||0.10%|
|VIP 4||10000 – 100000||0.10%||0.05%|
|VIP 5||100000 – 2000000||0.05%||0.00%|
Hoo Referral Program FAQ
Its is a crypto exchange acquired by Hufu Technologies, registered in Hong Kong.
You receive a 20% commission from direct referral and 10 % from indirect referral which means total 30% commission as a reward.
The VIP system comprises of 7 VIP levels from VIP 0 to VIP 6. These levels are decided based on the points user has earned.
You can earn points by inviting new users, buying points, holding asset or by trading.
Maker fees – 0.02%, Taker fees – 0.04%.
I write about Crypto mining, trading, referral programs. I have been in the cryptocurrency industry for the last 4 years.