· BingX and TetherMax have concluded exclusive affiliate agreement in written form. · The cashback will be paid to the trader's TetherMax account at 11:00 UTC every day, and the payment time may vary depending on the exchange’s circumstances. · 49.5% cashback rate applies when trading through copy trading or API. · Commissions generated from trades executed via the broker API are not eligible for cashback. · You can check cashback rewards from TetherMax in your Fund Account wallet on BingX. · For cashback of BingX, 45% of 60% of cashback amount is distributed by BingX's own cashback service, and the remaining 15% is given by TetherMax. · The guaranteed period of accumulated rewards is stored until withdrawal to ensure safe information protection. · Incentives and bonuses paid by the exchange are not considered valid rewards, and no cashback will be received until the increments and bonuses are used. · Since the closing number is set for each exchange, it may be difficult to use the exchange's cashback service after the closing date. · For more detailed information regarding the fee policy, please refer to the terms of service and relevant policies of the exchange, including the detailed breakdown and calculation formulas. · Cashback conditions can be changed depending on the circumstances of the company or the exchange. · The partnership can be terminated due to circumstances of the company or the exchange, and it may be difficult to use the cashback service thereafter. · In the case of BingX, withdrawal of cashback will not proceed for UIDs that have not completed KYC. · High frequency trading, including click farming or wash trading, is considered a violation by exchanges. The same commission suspension for the trader or UID where the act occurred will be applied to our service, TetherMax as well. · Additionally, please refer to each exchange's policy regulations for information on violation of risk control regulations and high-frequency trading. · The cashback is calculated based on the net fees. · If you withdraw your account from an exchange you signed up with with a TetherMax referral code, you will not be able to withdraw cashback from TetherMax.