# Referral Policy

To increase benefits and spread the product to a wider community of users, Nami Insurance applies a referral policy with a commission rate.

#### Referral Mechanism

For each new user successfully introduced and uses the Nami Insurance product, the referrer will receive a percentage of the commission from the collateral amount in the insurance contract of the referred user.

#### Commission Rate

All Nami Exchange users after successful KYC are eligible to participate in the program with an attractive commission rate, specifically as follows:

Regular users (not registered as Nami community development partners)

* All regular users will receive up to 1% commission from the Q-Claim of the referred users' insurance contracts.

Nami community development partners: 

* The community development partner system has the opportunity to receive up to 3.5% of the total Q-Claim from all insurance contracts of the referred users.

<br>

| Rank                           | <p><br></p><p>Insurance</p><p>Commission</p><p>Rate</p> | Conditions (one of two) |              |
| ------------------------------ | ------------------------------------------------------- | ----------------------- | ------------ |
| Total Futures Volume per Month | <p>Total Spot Volume</p><p>per Month</p>                |                         |              |
| Diamond                        | 0.5%                                                    | 5,000,000 USDT          | 500,000 USDT |
| Platinum                       | 0.5%                                                    | 2,500,000 USDT          | 250,000 USDT |
| Gold                           | 0.5%                                                    | 1,000,000 USDT          | 100,000 USDT |
| Official                       | 2%                                                      | 200,000 USDT            | 20,000 USDT  |

Commissions are accrued once every hour. Please note that the commission calculation formula will vary depending on the operating status when closed:

<br>

| Contract Status | Direct Commission Mechanism      | <p>Indirect Commission </p><p>Mechanism</p><p><br></p>      |
| --------------- | -------------------------------- | ----------------------------------------------------------- |
| Claimed         | Direct Commission rate x Q-Claim | <p>Indirect Commission </p><p>Rate x Q-claim</p><p><br></p> |
| Refunded        | Direct Commission rate x Margin  | <p>Indirect Commission </p><p>Rate x Margin</p>             |
| Canceled        | Direct Commission rate x Margin  | <p>Indirect Commission </p><p>Rate x Margin</p>             |
| Liquidated      | 1% x Margin                      | 0.3% x Margin                                               |

Example:&#x20;

If User A is successfully referred by Official Partner B and has insurance contracts with a total Q-Claim of 1,000 USDT, partners within the same system will receive corresponding commission values as follows: Official Partner B: 20 USDT, Gold, Platinum, and Diamond partners within the same system: 5 USDT.

Important note:

* Each user has a separate Commission Wallet. The system will credit all commissions into this wallet. Partners can withdraw commissions to their main wallet when the commission amount for each asset reaches a value equivalent to 0.5 USDT.&#x20;
* The system will update data and automatically rank partners at 17:00 on the last day of each month (UTC).&#x20;

See detailed instructions on How to get a referral code and Check your commission history at Nami Insurance:

* [How to get the referral link and code on Nami Exchange?](https://nami.exchange/support/announcement/announcement/how-to-get-the-referral-link-and-code-on-nami-exchange)
* [How to check commission history on Nami Exchange](https://nami.exchange/support/announcement/announcement/how-to-check-commission-history-on-nami-exchange)?