First let’s distinguish here between the several parties. When we use ‘referred person’ we mean the person who got referred. This is the person using the referral code to sign up and start trading on Binance. Then, if we use the word ‘referrer’ we mean the person who generated a binance referral code.
In the old program the referred person would always get nothing, and the full benefit of 20% would go to the referrer. However, the referrer had one nice extra opportunity. As long as they hold 500 BNB in their account, they would get a double referral bonus, and even receive 40% of the trading fees!
In the new program, something really important changed. This time, the referrer has the opportunity to choose to share part of their income with the referred person! They could choose to share either 0% (like the old program), 5%, 10%, 15%, or even the full 20% with the referred person. But since there is no advantage for the referrer to simply give the entirety of the 20% back to the referred person, almost nobody creates such high referral links.
Also, in order to be eligible to create kickback values of over 10%, you need to satisfy an extra condition, which is holding 500 BNB permanently! Binance is being really smart here again, artificially increasing the demand for BNB again. Not many people have the luxury to just simply hold 500 BNB forever though, which is another reason why you see referral links of over 10% very rarely.
That’s why we at 100eyes decided to step up and create this rare 20% discount binance referral link and reward our users with the maximum possible discount! We created a dedicated referral account that always has more than 500 BNB on it so you are guaranteed the maximum referral discount. Simply use code LKCUG1AT which you can fill in the 'Referral ID (optional)' field or click directly on https://www.binance.com/en/register?ref=LKCUG1AT.