- By participating in the “Liquidation Subsidy Campaign - 240814” event, participants acknowledge and agree to comply with the following terms and conditions.
- Flipster reserves the right to amend these terms and conditions as well as to vary or discontinue the “Liquidation Subsidy Campaign - 240814” without prior notice, such changes are applicable to both new and existing participants.
Task 1
- To participate in the “Liquidation Subsidy Campaign - 240814” participants must complete the Identity verification process.
- To claim the “Liquidation Subsidy Campaign - 240814” campaign rewards the participant must have signed up for a Flipster account after 14 August 2024 at 08:00 UTC.
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To participate in the “Liquidation Subsidy Campaign - 240814” campaign participants must make a NET deposit with a value greater or equal to 50 USDT into their Flipster accounts.
- The aforementioned USDT value will be calculated as per the index price of the deposit currency at the time of deposit.
- The aforementioned NET deposit value will be calculated as the total USDT deposit value made minus the total withdrawal value starting from 14 August 2024 at 08:00 UTC.
- Deposits from a Flipster trading account into a second Flipster trading account will not be considered.
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To participate in the “Liquidation Subsidy Campaign - 240814” participants must submit the Liquidation Subsidy Application. Including:
- Email address registered to your Flipster trading platform.
- Screen Recording of Liquidation Record on other exchanges.
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The following information must be included in the aforementioned screen recording
- Date & Time of Liquidation
- Realized P&L at time of Liquidation
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Personal information matching Flipster account
- E.g. Full Name / Email Address / Mobile Number
- Only liquidations taking place between 4 August 2024 at 00:00 UTC until 5 August 2024 at 23:59 UTC will be considered in the “Liquidation Subsidy Campaign - 240814”.
- Only the liquidation with the highest realised P&L loss will be considered in the “Liquidation Subsidy Campaign - 240814”.
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Participants in the “Liquidation Subsidy Campaign - 240814” will receive Perpetual Swap Contract positions with the following specifications:
- Symbol - Random
- Direction - Long or Short
- Initial Margin - Up to 500 USDT Bonus
- Leverage - Up to 20x
- Initial Margin specifications on Perpetual Swap Contract positions will depend on Realized P&L losses at the time of liquidation
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Realized P&L Loss ≥ 100 USDT
- Position airdrop with 50 USDT margin
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Realized P&L Loss ≥ 1,000
- Position airdrop with 100 USDT margin
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Realized P&L Loss ≥ 10,000
- Position airdrop with 500 USDT margin
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Realized P&L Loss ≥ 100 USDT
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- Perpetual Swap Contract Positions received from the “Liquidation Subsidy Campaign - 240814” cannot be closed within 7 days of receiving the position airdrop.
- Perpetual Swap Contract Positions received from the “Liquidation Subsidy Campaign - 240814” will be attached with a Take Profit (TP) order set to 110% of the initial Perpetual Swap Contract price.
- The “Liquidation Subsidy Campaign - 240814” Task 1 will be fully subscribed once the budget of 50,000 USDT has been distributed as Initial Margin specifications on Perpetual Swap Contract positions.
Task 2
- To participate in the “Liquidation Subsidy Campaign - 240814” participants must complete the Identity verification process.
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To participate in the“Liquidation Subsidy Campaign - 240814” participants must have been liquidated on the Flipster trading platform with position size of greater or equal to 10 USDT value.
- Only liquidations taking place between 4 August 2024 at 00:00 UTC until 5 August 2024 at 23:59 UTC will be considered in the “Liquidation Subsidy Campaign - 240814”.
- Only the liquidation with the highest realised P&L loss will be considered in the “Liquidation Subsidy Campaign - 240814”.
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Eligible participants in the “Liquidation Subsidy Campaign - 240814” will receive Perpetual Swap Contract positions with the following specifications:
- Symbol - Random
- Direction - Random
- Initial Margin - Up to 10,000 USDT Bonus
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Leverage:
- Maximum of Liquidated Position Leverage
- Flipster Basic: Minimum 20x
- Flipster VIP: Minimum 10x
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Position Size specifications on Perpetual Swap Contract positions will depend on NET Deposits starting from 14 August 2024 at 08:00 UTC
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Net deposit with a value greater or equal to 100 USDT
- Flipster Basic: 10% of liquidated position size
- Flipster VIP: 20% of liquidated position size
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Net deposit with a value greater or equal to 1,000 USDT
- Flipster Basic: 25% of liquidated position size
- Flipster VIP: 50% of liquidated position size
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Net deposit with a value greater or equal to 10,000 USDT
- Flipster Basic: 50% of liquidated position size
- Flipster VIP: 100% of liquidated position size
- Please note that participant VIP Status will be determined at the time of position airdrop.
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Net deposit with a value greater or equal to 100 USDT
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Initial Margin specifications awarded will be:
- Flipster Basic: Up to 200 USDT
- Flipster VIP: Up to 10,000 USDT
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Minimum Leverage specifications awarded will be:
- Flipster Basic: Minimum 20x
- Flipster VIP: Minimum 10x
- Perpetual Swap Contract Positions received from the “Liquidation Subsidy Campaign - 240814” cannot be closed within 7 days of receiving the position airdrop.
- Perpetual Swap Contract Positions received from the “Liquidation Subsidy Campaign - 240814” will be attached with a Take Profit (TP) order set to 110% of the initial Perpetual Swap Contract price.
- The “Liquidation Subsidy Campaign - 240814” Task 2 will be fully subscribed once the budget of 150,000 USDT has been distributed as Initial Margin specifications on Perpetual Swap Contract positions.
Timeline
- Promotion period for the “Liquidation Subsidy Campaign - 240814” begins on 14 August 2024 at 08:00 UTC until 30 August 2024 at 04:30 UTC.
Eligibility
Flipster reserved the right to:
- Terminate, suspend, or restrict your access to any or all of the Flipster services and or accounts;
- Terminate, suspend, or restrict your participation in any or all Events, Promotions, Campaigns or Programs;
- Terminate, suspend, or restrict your eligibility to receive any or all Rewards, Prizes, Giveaways or Incentives;
- Refuse to complete or block, cancel, or, where permitted by applicable law, reverse any transaction you have authorized;
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Take whatever action we consider necessary, in each case with immediate effect and for any reason including, but not limited to:
Flipster reasonably suspects that:
- The Flipster account has been or will be used for any abnormal, inappropriate dishonest, illegal, fraudulent, or unauthorized purposes;
- The individual operating your Flipster Account is not you;
- More than one natural person has access to and/or transacts using the same Flipster account;
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Actions have been taken that may circumvent our controls, including but not limited to;
- Operating multiple Flipster accounts without written consent
- Wash trading
- Volume faking
- Market manipulation
- Self-dealing
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Abusing Events, Promotions, Campaigns or Program
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Information provided by you is wrong, untruthful, outdated, or incomplete;
Campaign Rewards
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Eligible participants will receive campaign rewards directly into their Flipster accounts Daily.
- First reward distribution will begin on 16 August 2024 by 23:59 UTC
- The “Liquidation Subsidy Campaign - 240814” campaign rewards cannot be bartered, redeemed in or exchanged for cash.
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The “Liquidation Subsidy Campaign - 240814” position airdrop will only be viewable on the Flipster mobile application.
Liability
- Flipster or its agents or employees shall not be held liable for any damages or losses arising from event participation. Participants hereby acknowledge and agree not to pursue claims against any damages, loss or expense (including but not limited to participant’s information. software, computer, telephone, or any other electronic or telecommunication devices).
- In case of disputes, the decision of Flipster shall be final and conclusively binding.
- Flipster reserves the right of final interpretation of the event rules including, but not limited to, the above mentioned information regarding trading, funds, and any other risks.
- Should there be any inconsistency between the English and other language versions of these terms and conditions, the English version shall prevail.