1. Overview and Nature of BTSE Cash
Definition: BTSE Cash is a promotional, non-withdrawable, and non-transferable currency issued exclusively within the BTSE Rewards Hub.
Purpose: It functions purely as a trading fee rebate mechanism to offset net trading fees (the final fees charged) incurred during Spot trading on the BTSE platform.
Valuation: The value of BTSE Cash is benchmarked on a 1:1 ratio against the real-time price of Tether (USDT). It possesses no independent cash value outside the platform.
2. Eligibility & Account Rules
Identity Verification (KYC): To redeem or benefit from BTSE Cash, you must successfully complete BTSE’s KYC (Know Your Customer identity verification) process. Unverified accounts are strictly ineligible to claim or use rewards.
Main Accounts Only: BTSE Cash rewards can only be claimed, activated, and utilized by your main account.
Non-Transferability: BTSE Cash cannot be transferred between different users.
3. Redemption and Activation
Order of Use: If you activate multiple BTSE Cash rewards for the same trading product simultaneously, the platform will automatically consume them sequentially based on the order in which they were redeemed (First In, First Out).
User Responsibility for Expiration: Every BTSE Cash reward comes with a specific expiry date shown on the reward itself. It is your sole responsibility to track and utilize your balance before it expires. BTSE is under no obligation to notify you of impending expiration dates.
Forfeiture: Once a reward or remaining BTSE Cash balance expires, it becomes permanently invalid. Expired balances cannot be extended, renewed, or exchanged for other assets or rewards.
4. Fee Rebate & Distribution Mechanism
Rebate Calculation: Rebates are calculated based on your net trading fees, explicitly excluding any referral commissions or partner kickbacks. Eligible trading fees are converted into USDT using the real-time exchange rate at the exact moment the order executes.
Deduction Limits: The amount deducted daily from your BTSE Cash balance depends on the specific "Deduction Ratio" tied to that reward (which represents the maximum percentage of trading fees that can be covered per day).
Distribution Schedule: Rebates are distributed backward to your Spot Wallet in USDT on the day following your trades, processed before 23:59:59 WIB.
Minimum Threshold: If your total eligible trading fees from the previous day amount to less than 0.00000001 USDT, you will not qualify for a rebate on that day.
Capping: If your eligible daily trading fees exceed your remaining BTSE Cash balance, you will only receive a rebate equivalent to that remaining balance.
Liability Disclaimer: By using BTSE Cash, you acknowledge and agree that BTSE is not liable for any financial variance or losses resulting from the real-time exchange rates applied during fee conversions.
