The Moomoo Trading App Launches New Referral Program - Moomoo Ambassador

Rhea-AI Summary

PALO ALTO, Calif., June 2, 2021 /PRNewswire/ -- Moomoo Inc., a subsidiary of Futu Holdings Limited (Nasdaq: FUTU), launched its Moomoo Ambassador referral program on June 1, 2021. This initiative allows users to refer new customers and earn free stocks valued between $8 and $1,000 via a lucky draw. Ambassadors can earn additional rewards with more successful referrals. Notably, from June 1 to July 1, 2021, Ambassadors can guarantee a share of Apple stock (AAPL) for referring two new users with qualified deposits. Moomoo boasts over 14 million users and reported 368% year-over-year revenue growth in Q1 2021.

Positive

• Launch of Moomoo Ambassador referral program enhances user engagement and community connectivity.
• Ambassadors can earn substantial rewards, including guaranteed Apple stock, which may attract more users.
• Futu reported a significant 368% year-over-year revenue growth based on Q1 2021 financials.
• Moomoo's user base exceeds 14 million, indicating strong market presence and potential for further growth.

Negative

• None.

PALO ALTO, Calif., June 2, 2021 /PRNewswire/ -- June 1st, 2021, Moomoo Inc., an indirect, wholly-owned subsidiary of Futu Holdings Limited (Nasdaq: FUTU) announced the launch of its new customer referral program, Moomoo Ambassador, for its stock investment platform, moomoo. Moomoo Ambassador further boosts the inclusivity and connectivity within the moomoo investing community.

In line with the company's mission to "make investing easier and not alone," every moomoo user can become a Moomoo Ambassador by referring one or more new moomoo customers. With this new program, both the referrer, aka the Moomoo Ambassador, and their referee will receive free stocks from moomoo, with each share of stock valued between $8-$1,000, based on a lucky-draw mechanism.

Additionally, Moomoo Ambassadors can level up and receive more rewards for each successful referral. Under the current Moomoo Ambassador program, a Level 3 Moomoo Ambassador can earn up to three free stocks for each successful referral, valued between $24 - $3,000 USD.

As a debut bonus, from June 1st to July 1st, 2021, all Moomoo Ambassadors have a chance to earn a guaranteed share of Apple Stock (Nasdaq: AAPL). When a Moomoo Ambassador successfully invites two new moomoo customers who have made qualified deposits, the Moomoo Ambassador is eligible to receive one share of Apple (AAPL) stock, guaranteed. This reward is stackable on top of the regular Moomoo Ambassador rewards, where Ambassadors with their first successful referral will earn one free share of stock, with 2nd -10th referrals earn 2 shares of free stocks, and with 11th or more referrals, earn 3 shares of free stocks, each valued at $8-$1,000.

U.S. residents with a valid Social Security Number (SSN), who are 18+ years old can become a Moomoo Ambassador by downloading the moomoo app, registering an account with Futu Inc and inviting new users. Once in the app, moomoo users can find the Moomoo Ambassador program by visiting "Free Stocks'' under the "Me" tab. When outside of the moomoo app, moomoo users can visit the Moomoo Ambassador page and click on the "Invite Friends" button to get a personalized invitation link, which can be posted to one-on-one messaging apps, such as WhatsApp, iMessage, SMS messaging, Line, or social media sites, such as Twitter, Facebook, reddit, LinkedIn, Snapchat, Youtube or TikTok, etc.

Moomoo is one of the fastest-growing investor communities in the world, with more than 14 million users, according to Futu's Q1 Financials posted on May 19th, 2021. "Since the inception of Futu in 2012, we have been committed to improving the investing experience of our users, dedicating over 70% of our employees to research and development. We also believe that investing should not be a difficult and lonesome process and have placed great emphasis on social elements to connect traders through the moomoo community and give moomoo users, who are mostly retail investors, access to previously unattainable publicly listed companies in the moomoo app," says Leaf Li, Founder & CEO of Futu. 

Recognizing the importance of having both user-friendly design and advanced product features, Futu Holdings Limited designed moomoo with a sleek user interface, zero-commission trading of equities in several stock exchanges across the globe, including US, Hong Kong, Singapore, and China A Shares. The moomoo app also includes the latest technologies, such as AI-driven stock screeners and advanced stock trading charts, facilitating the convenience of trading across multiple markets with its multi-currency capability. Futu Holdings Limited reported a 368% year-over-year revenue growth, based on its Q1 2021 financial reports.

"We believe that our Moomoo Ambassador program will not only reward users for sharing but also demonstrate that we put our money where our mouth is to 'make investing easier and not alone.' If you love moomoo, tell your friends about it. If you have suggestions for how moomoo can improve, let us know. I check comments in the moomoo community all the time." continued Li.

Terms and conditions apply. Details about the Moomoo Ambassador program can be found on the Moomoo Ambassador Program page.

About moomoo

Headquartered in Palo Alto, California, Moomoo Inc. is an indirect, wholly-owned subsidiary of Futu Holdings Ltd (NASDAQ: FUTU), with its mission to transform personal investing experience with an intuitive user interface, fully digitized brokerage and trading platform.

About Futu Inc.

A brokerage firm registered with the SEC (CRD#: 283078/SEC: 8-69739); a member in good standing of Financial Industry Regulatory Authority (FINRA) and the SIPC; Futu Inc. is regulated by the SEC and FINRA. It is an indirect, wholly-owned subsidiary of Futu Holdings Ltd.

About Futu Holdings Limited

Futu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. Pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The organization's primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures, and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data-rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.

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SOURCE Moomoo Inc.

FAQ

What is the Moomoo Ambassador program?

The Moomoo Ambassador program is a new referral initiative launched by Moomoo Inc. that allows users to refer new customers and earn free stocks.

What are the rewards for becoming a Moomoo Ambassador?

Moomoo Ambassadors can receive free stocks valued between $8 and $1,000 for each successful referral, with additional rewards for multiple referrals.

Is there a promotional offer for Moomoo Ambassadors?

Yes, from June 1 to July 1, 2021, Moomoo Ambassadors can earn a guaranteed share of Apple stock by referring two new customers with qualified deposits.

How many users does Moomoo have?

Moomoo has over 14 million users, demonstrating significant growth and community engagement.

What was Futu's revenue growth in Q1 2021?

Futu reported a remarkable 368% year-over-year revenue growth based on its Q1 2021 financial results.