Gate.io Upgrades VIP Downgrade System, Offers VIP Levels to Old VIP Users
Gate.io users can get VIP levels to enjoy fee discounts and additional benefits by meeting the trading volume requirement or holding a certain amount of GTs. For more details of the tiered fee structure, please refer - https://www.gatecn.io/help/question/16563
To bring more benefits to users, Gate.io has upgraded the VIP with new downgrade schemes. The details are:
1. Upon fulfilling the requirement of 30-day trading volume and an amount of GT holdings, users can get the VIP level, which will remain valid for 60 days.
2. If users gain the VIP level via Scheme#2 (requiring GT holdings only), the VIP level will not remain valid if the amount of GT in position does not meet the requirement.
3. When a user does not meet the requirement to keep the VIP levels, he or she will be downgraded by 1 level instead of becoming VIP0. After the downgrade, the lower level will remain valid for 15 days.
E.g. Bob was a VIP4 user. If Bob cannot meet the VIP4 level requirements, he is downgraded to VIP0. However, with the new downgrade scheme, instead of becoming VIP0, Bob becomes a VIP3, and it remains valid for 15 days. If Bob cannot meet the VIP3 level requirements, he will be downgraded to VIP2 which will also remain valid for 15 days, and so on. During this period, if Bob meets the requirements upgrade his VIP levels, he will be upgraded immediately.
#Gate.io Offers VIP Levels to Old VIP Users
To thank our users, Gate.io will offer the new VIP downgrade scheme to all the users who were previously a VIP1 or above. Any old user who was a VIP1 or above can activate the new downgrade scheme by conducting a trade, including Regular Markets Trading, Margin Trading, or Contract Trading. The refreshes every 6 hours. After the activation, users can get VIP levels by 1 level lower compared to the users’ previous VIP levels. The new VIP level will remain valid for 15 days, which also applies to the new downgrade scheme.
E.g. If Bob was a VIP4 user two years ago and became a VIP0 level afterwards. With the upgrade, Bob can now conduct one trade, either Regular Markets Trading, Contract Trading or Margin Trading, to be upgraded to VIP3, which remains valid for 15 days. After 15 days, if Bob does not meet the VIP level requirements, he will be downgraded to VIP2 which remains valid for another 15 days, and so on. During this period, if Bob meets the requirements to upgrade his VIP levels, he will be upgraded immediately.
1. Gate.io VIP Tiered Fee Structure Scheme #1
Requiring a combination of both high trading volume and GT holdings
Please note: Users who meet the minimum trading volume requirement but with insufficient GT holdings will be downgraded by 1 VIP level, instead of becoming VIP0.
2. Gate.io VIP Tiered Fee Structure Scheme #2
Requiring GT holdings only
1. If requirements from both schemes are met, the higher VIP level shall apply.
2. GT holdings will be calculated based on the average holdings over the last 14 days.
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October 24, 2019
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