· Binance and TetherMax have concluded the affiliate agreement in written form. · The 20% discount applies to spot trading only. · You can receive the same cashback rate by copy trading and API trading. · For users with VIP2 or higher status, no commission will be generated. (VIP1 users can receive both the trading fee discount and the payback benefit, but payback will not apply from VIP2 onwards.) · Commissions generated from trades executed via the broker API are not eligible for cashback. · Trading fees paid using BNB on the Binance exchange are not eligible for cashback. · The cashback with Binance are given to the trader's TetherMax account at 11:00 UTC every day, and the payment time may vary depending on the exchange’s circumstances. · You can check cashback rewards from TetherMax in your Funding wallet on Binance. · The first 'My Cashback Ranking' event will be held at Binance since November 1st, 2025. · 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. · 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. · 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. · For users who have previously used other referral links, commissions may not be generated in accordance with Binance’s policy. · Due to Binance’s internal policy, cashback may not be available in cases where no commission is generated. Cashback are distributed based on the commission earned.