Wagyu VIP Program
What is "Wagyu"?
"Wagyu" is Steaker's VIP loyalty program. The higher NAV in your Steaker account, the higher level you are (and the more profit you get).
| Level and min. amount (USDⓢ) |  None |  30,000 |  50,000 |  100,000 |  300,000 |  1,000,000 |
|---|---|---|---|---|---|---|
| Exclusive promo notification |  | | | | | |
| Qualification for VIP-only events |  | | | | | |
| Priority to on-site activities | | | | | | |
| Redemption fee discount | | 30% Off | 50% Off | 60% Off | 70% Off | 100% Off |
| fee-free withdrawals per week | 1 time | 3 times | 5 times | 10 times | 20 times | Unlimited |
Min. amount (USDⓢ):1,000,000
- Exclusive promo notification
- Qualification for VIP-only events
- Priority to on-site activities
- Redemption fee discount：100% Off
- fee-free withdrawals per week：Unlimited
Min. amount (USDⓢ):300,000
- Exclusive promo notification
- Qualification for VIP-only events
- Priority to on-site activities
- Redemption fee discount：70% Off
- fee-free withdrawals per week：20 times
Min. amount (USDⓢ):100,000
- Exclusive promo notification
- Qualification for VIP-only events
- Priority to on-site activities
- Redemption fee discount：60% Off
- fee-free withdrawals per week：10 times
Min. amount (USDⓢ):50,000
- Exclusive promo notification
- Qualification for VIP-only events
- Priority to on-site activities
- Redemption fee discount：50% Off
- fee-free withdrawals per week：5 times
Min. amount (USDⓢ):30,000
- Exclusive promo notification
- Qualification for VIP-only events
- Priority to on-site activities
- Redemption fee discount：30% Off
- fee-free withdrawals per week：3 times
Min. amount (USDⓢ):None
- Exclusive promo notification
- Qualification for VIP-only events
- Priority to on-site activities
- Redemption fee discount
- fee-free withdrawals per week：1 time
Regulations of Membership and Account
- The level/tier of your account will be assessed at 08:00 (UTC+8) per day, when it will be adjusted to the corresponding Wagyu level according to your total assets.
- The number of fee-free withdrawals per week will be applied in order from the first withdrawal of each week. You cannot randomly choose the timing of when to apply it. The withdrawal fee will be waived where applicable (all cryptos included). The number of fee-free withdrawals will be recalculated at 00:00 (UTC+8) on Mondays. Note that internal transfers do not count.
- Calculation of redemption fees will be made on the basis of your level/tier as per your subscription plan at the time and will not change with the level of your membership at the time of redemption.
- Special portfolios refer to all the limited portfolios launched at irregular intervals exclusive of Fixed-Rate, Variable-Rate and Super Saving portfolios.
- Offers on each portfolio can be viewed from “Estimated Rewards” in the tab “Assets” during investment, and the sum will be calculated when reaching maturity on redemption. Note that these offers are also applicable to BTC/ETH Portfolios. The calculation formulae of rewards are as follows: (1) The reduction in incentive fee = incentive fee x the agreed ratio of reduction. (2) The accrual of interest = income x the agreed ratio of accrual.
- Steaker reserves the right to interpret, revise, modify or cancel the Wagyu VIP program. Matters such as membership tier should be coped with in accordance to the amended version.
- Buying and selling accounts and transferring accounts to someone else are strictly prohibited. If verified, the accounts will be frozen.