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Updating the Commission Mechanism for Nami Insurance

By Vinh Tien 19/10/2023
Updating the Commission Mechanism for Nami Insurance

Dear Nami Insurance Community,

Nami Insurance is a special product that accompanies users' profits. Therefore, in order to encourage our partners network and users to have successful payback contracts and increase the benefits, Nami Insurance would like to announce the update of the commission mechanism with from 2023.10.19 17:00 (UTC)

New commission mechanism

Users and community development partners will receive commissions based on the status of the insurance contract with the updated mechanism as follows:

  • With Claimed contracts, the commissions will be calculated based on the Q-Claim instead of Margin
  • With Liquidated contracts, the commission will NOT be refunded
  • The commission calculation based on the Margin for insurance contracts with a Refunded and Canceled statuses remain unchanged
  • Commission rate and other mechanisms for Claimed, Refunded and Canceled contracts remain unchanged

Concurrently, to support users and partners during the first period of using the product, the project will allocate a budget of 50,000 USDT from the Community Development Fund to pay commissions for Liquidated contracts status, with the following mechanism:

  • Time application: From 2023.10.19 17:00 to 2023.12.31 17:00 (UTC) or when the budget is fully paid
  • Commission rate for Liquidated contracts:

Direct Commission = 1 % x Margin

Indirect Commission = 0.3 % x Margin


Summary table of Commission Mechanism by contracts Status

Contracts Status

Old Commission Rate

New Commission Rate


Commission Rate x Margin

Commission Rate x Q-Claim 


Commission Rate x Margin

Commission Rate x Margin


Commission Rate x Margin

Commission Rate x Margin


Commission Rate x Margin

Not apply


Partner A (level 5 - Direct Commission Rate 5%) successful referred user B completed contracts as follows:

  • Contract 1: Status Claimed, Margin 1,000 USDT, Q-Claim 2,000 USDT
  • Contract 2: Status Refunded, Margin 500 USDT
  • Contract 3: Status Liquidated, Margin 500 USDT
  • Contract 4: Status Canceled, Margin 500 USDT

Commission for partner A (at the rate of 5%) change as follow:

  • Old commission: (1,000 + 500 + 500 + 500) x 5% = 125 USDT
  • New commission: (2,000 + 500 + 500) x 5% = 150 USDT

Concurrently, during the period of support from the Community Development Fund, Partner A will also receive an additional commission for Liquidated contract as: 500 x 1% = 5 USD.

Commission payback time

The system updates the value of commissions payback at “Commission report" after the insurance contract’s end

Best regards,

More Infomation:

Nami Insurance reserves the right to modify, change, or cancel this notice at any time and for any reason without prior notice.

Risk warning:

Trading digital assets carries a high level of risk for both significant profits and losses. All your margin balance may be liquidated in the event of drastic price fluctuations. The purchase of Nami Insurance does not mean that it will completely eliminate the risk in trading digital assets. The information contained herein should not be construed as financial advice from Nami Insurance. Use any trading strategy at your own risk. Nami Insurance will not be liable for any loss arising from insurance policies and digital asset trading activities.

About Nami Insurance

Nami Insurance is a decentralized hedging protocol applying Blockchain technology to provide a solution to support asset insurance when the market fluctuates against predictions

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