An individual registers on XDAT.io and who completes Full KYC
A USER who completes Full KYC, adds at least 5 USERs and achieves cumulative
trading of €1000 from REFERRED USERS.
A USER who is added on XDAT by a NODE
A REFERRED USER who becomes a NODE
The preceding NODE to a SUB-NODE
Incentive received by USER, and NODE when REFERRED-USER completes Full
Incentive received when trading is done on XDAT
Available on dashboard
2. What is the intent behind the Bullwhip Movement?
The Bullwhip Movement has been launched to create a new wave of adoption amongst USERs on XDAT. We
envision to create a ripple effect as our primary step to fulfill “CRYPTO FOR ALL.” We want to initiate a positive
whip of adoption that leads to an amplified nature of adoption and trading. Bullwhip Movement: Phase 1, is our
first step to facilitate crypto for the masses.
3. Who can become a NODE?
Crypto traders, crypto enthusiasts, believers, individuals who know potential crypto traders. Anyone who wants to earn while trading in cryptos. The purpose of a NODE will be onboarding a pool of new users who may
want to invest or trade in cryptocurrencies. They will be our endorsers, who will propagate the movement by adding new users and enabling trading on our exchange.
4. Where can I sign up to become a NODE?
All activities and procedures to ‘sign up’ as a NODE should be performed on XDAT.io website. Be it registering as a USER/NODE, whitelisting yourself or verifying KYC documents. Make sure that your REFERRED-USER signs up
on the website as well. To become a NODE click on the “Join the Bullwhip Movement” section on our homepage and follow the instructions.
5. How to become a NODE?
- Register on XDAT.io and generate referral link
- Whitelist as a NODE
- Complete Full KYC to receive €10
- Add 5 or more USERs (with generated referral link) on XDAT who complete Full KYC and start trading. (USER
becomes a REFERRED-USER).
-For every REFERRED USER added : NODE receives €2.50 and REFERRED-USER
- Encourage REFERRED-USERS to trade.
-When a cumulative trading mark of €1000 is reached amongst your
referred users, you will receive XDAT Community Token (XCTY), officially declaring you as a NODE on XDAT.
Note: NODEs can also trade on the platform. However the amount traded by the NODE does not count towards the €1000 that has to be achieved by REFERRED-USERs.
6. How to add Users as a NODE?
Once registered and whitelisted as a NODE on XDAT.io:
- The NODE can generate referral link.
- They can share or forward this referral link to their contacts, friends, acquaintances or interested traders.
- Using this referral link, the potential USER registers on XDAT.
- Affer Full KYC, the USER is added to the NODE’s network (USER becomes a REFERRED-USER).
- A NODE can add up to any number of USERs, but KYC INCENTIVE will be provided to the first 50 REFERRED-USERs
Note: While one does not have to complete KYC to create a referral link and add REFERRED-USERs, one will have to complete KYC for further processes of becoming a NODE.
7. Who can become a USER?
Any individual who wants to invest or trade in crypto, can register on XDAT as a USER. Any such USER who then completes Full KYC can trade on XDAT.
If an individual is part of the Bullwhip Movement, they can further whitelist themselves as a NODE or be added
by a NODE as a REFERRED-USER, they will earn rewards as per the incentive structure. Refer incentive chart.
If one chooses to trade outside the Bullwhip Movement, they will still earn €10 as a USER (after completing Full
KYC) and will be eligible for early bird offers . However, such USERs will not be eligible to earn rewards
from the Bullwhip Movement.
8. What is the utility of the Community Token?
- Priority in future value distributions out of XDAT
- First preference to participate in Bullwhip Movement Phase 2
- Eligibility to receive Native Token of equivalent amount earned in the Bullwhip Movement
Note : This Community Token is Non-Transferable
9. Will a NODE be rewarded even if only one REFERRED-USER has traded with a volume of €1000?
A Node will be rewarded as per the KYC INCENTIVE and the TRANSACTION INCENTIVE even if only one
REFERRED-USER trades a volume of €1000, as the cumulative trading mark is achieved. However, the NODE has
to add at least 5 USERs with NODEs referral link to be eligible for the Community Token and officially qualify as
10. As a REFERRED USER, if I trade more than €1000, can I earn a Community Token?
You cannot earn a Community Token by trading €1000. A REFERRED-USER can become a SUB-NODE. The
SUB-NODE should further adds 5 USERS with SUB-NODEs referral link (who complete Full KYC). The 5
REFERRED-USERs under the SUB-NODE should achieve a cumulative trading of €1000. Only then can a
REFERRED-USER turned SUB-NODE can earn a Community Token.
- Only up to 5 REFERRED USERS of a NODE can become SUB-NODEs, on a first come first serve basis; thereby making the
preceding NODE a PARENT-NODE.
- There are only 500 Community Tokens available therefore only 500 NODES are possible.
11. What is the timeline to become a NODE?
Any individual can become a NODE until Token Generation Event, however the first 200 NODEs get enhanced TRADING INCENTIVE.
12. Until when can I earn rewards as a NODE or a REFERRED-USER?
You can earn rewards until the Token Generation Event. All earnings will be terminated when the NODE reaches an incentive mark of €2000, or till the Token Generation Event, whichever is earlier.
13. When is the Token Generation Event for XDAT?
The Token Generation Event is scheduled for Q2, 2019.
14. What is Phase 2 of the Bullwhip Movement?
Our approach is to reach wider audiences to encourage adoption of crypto and succeed at CRYPTO FOR ALL, by creating an amplified ripple effect. Phase 2 of the Bullwhip Movement will essentially be the next step in this
journey, and our NODEs will be first in line to benefit from this phase and all other subsequent phases as well.
15. How many NODEs and USERs are you planning to attract through Bullwhip Movement Phase 1?
Available NODES & SUB-NODES: 500
Available USERS & REFERRED-USERS: 50,000
16. What is the maximum amount a NODE and a REFERRED-USER can earn?
A NODE & SUB-NODE can earn up to €2000.
A REFERRED-USER can earn up to €100.
Refer the incentive chart.
17. How much is XDAT investing in Bullwhip Movement Phase 1?
XDAT is investing over €1,000,000 in the Bullwhip Movement to foster crypto adoption.
18. How is XDAT secure and transparent?
XDAT follows comprehensive procedures to achieve KYC and AML, especially while adding USERs to our
exchange platform. USERs cannot trade without completing their Full KYC. XDAT strictly follows regulatory
compliance and GDPR standards. The exchange has a robust wallet security and features multiple secure layers
for protecting its USERs’ assets.
19. What features are included in the platform for a beginner?
Welcome to crypto trading!
On XDAT, we are rewarding all our first time USERs. Once, you sign up with XDAT, complete Full KYC, you will
Since, you are new to the crypto trading world we want you to have a seamless experience trading by:
- Accepting deposits in multiple fiat currencies
- Featuring a simple ‘Buy & Sell’ dashboard
- Facilitating fiat-crypto-fiat trading
- Offering 18 trading pairs and many buy in options
- Providing 24*7 customer support
20. What features are included in the platform for an experienced trader?
We acknowledge your calibre and expertise at crypto trading and have specially designed some unique pro-level features that we believe are not available even in the most established cryptocurrency exchanges. We have
an advanced order section for accurate trade placement, such as Stop-Loss, Trailing Stop-Loss, Fill or Kill, Immediate or Cancel, and Reserve Order. Click here to know more.
In addition, we encourage you to take part in our Bullwhip Movement to encourage crypto adoption. This can be your suitable chance to earn large rewards while you trade! All you have to do is follow the procedures on how to become a NODE.
21. How will the rewards be provided to Nodes and Users
The amount received as rewards will be a Euro equivalent of our Native Tokens.
For every trader who brings a new trader to XDAT through their referral, XDAT is offering a reward equal to 40% of the transaction fee of the referral for up to a year. This offer is also valid only until March 31st, 2019.