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Perpetual Trading Fees Discount
KINE offers a fee discount to users who hold Kine tokens. Users have the option to enable Kine token fee discounts on top of their existing membership level's discounted fee rates, allowing them to enjoy additional rate discounts.
To avail the $Kine fee discount for futures trading, please follow these steps:
1.Go to the official website of the KINE platform or APP.
2.Click on the [Profile] icon positioned on the top right corner of the page. From the dropdown menu, select [Trading Fee Rate Level] to access the Fee Level page.
3.On the Fee Level page, locate the option for Futures Fee Discount and click the [Enable] button to activate the ability to pay fees with Kine tokens.
By enabling this feature, you can now utilize your Kine tokens to pay for trading fees and enjoy a 10% discount.
To qualify for the fee discount, you must fulfill the following conditions:
1.Activate the [Enable] button: It is crucial to click on the [Enable] button as instructed earlier. If you fail to do so, the discount will not be applied.
2.Sufficient $Kine token balance: Make sure that your Kine token balance is adequate to cover the full amount of the trading fees you will incur. If your Kine token balance is either 0 or insufficient, the deduction cannot be applied, and the trading fees will be charged at their original rate.Trading orders that involve bonuses, orders utilizing fee rebate coupons, and forced liquidation orders are excluded from being eligible for the $Kine perpetual trading fees discount.
To check the records of fee discount, please follow these steps:
1.Visit the KINE platform website and go to the Order History page.
2.In the list of past orders, you will find the details of the fee charges, which will be displayed as the converted value in USD after applying the $Kine Token discount.
3.Additionally, you can check the deduction records for $KINE Trading Fees Discount in the [Asset Management] or [Financial Records] section. Look for entries labeled as [Fee Deduction] with Kine tokens.
Please note that if you hold a platform partner status and are entitled to higher commission rates, the minimum applicable fee rate for your account will be considered. It is also important to note that commission privileges and token fee discounts do not run concurrently.