Flipster BTC & ETH Earn Campaign
Q: When is the promotion period?
A: Promotion period for the “Flipster BTC & ETH Earn Campaign - 240819” begins on 19 August 2024 at 00:00 UTC until Fully Subscribed.
Q: What is the task and how can I be eligible to participate in the program?
A: The “Flipster BTC & ETH Earn Campaign - 240819” Daily program reward will be distributed based on the daily average $BTC/$ETH wallet balance of participants.
- Daily average will be calculated by averaging 24 random snapshot timestamps of $BTC/$ETH wallet balance from 00:00 UTC to 23:59 UTC daily.
- Campaign rewards are distributed in USDT and are rounded down to 3 decimal places.
Q: What are the other important points that I need to take note of?
A: Please refer to the following:
- Campaign rewards are distributed in USDT and are rounded down to 3 decimal places.
- The earn percentage will vary daily, based on best market yield and best estimated offers within the competitive set.
- Daily earn can be checked on the Earn tab within the Flipster mobile application
- Any average $BTC/$ETH wallet balance exceeding 300,000 USDT value will not be considered towards the campaign reward calculations.
- Participants eligible for the campaign rewards will receive campaign rewards directly into their Flipster accounts within 1 business day of system snapshot.
- Reward distribution will begin from 20 August 2024 by 23:59 UTC.
Q: How is the daily average $BTC/$ETH wallet balance calculated?
A: Calculation of the daily average $BTC/$ETH wallet balance is based on the random hourly snapshot. System snapshots will be taken daily from 00:00 UTC to 23:59 UTC daily.
This means that the wallet balance will have 24 snapshots taken daily, and the daily average $BTC/$ETH wallet balance is defined as the following:
(Sum of 24 wallet balance amount) / 24
Q: How do I know the amount I will receive from the campaign reward pool?
A: The earn percentage will vary daily, based on best market yield and best estimated offers within the competitive set. Daily earn can be checked on the Earn tab within the Flipster mobile application
Earn Percentage * Avg(User $BTC/$ETH balance) * Index Price of $BTC/$ETH
As an example:
- Daily earn percentage is at 0.40%
- My wallet balance is at 1 BTC
- Index Price of BTC is at 60,000 USDT
- Amount that I will receive = 0.40% * 1 BTC * 60,000 = 240 USDT
Please note of the following:
- Campaign rewards are distributed in USDT and are rounded down to 3 decimal places.
- The earn percentage will vary daily, based on best market yield and best estimated offers within the competitive set.
- Daily earn can be checked on the Earn tab within the Flipster mobile application
- Any average $BTC/$ETH wallet balance exceeding 300,000 USDT value will not be considered towards the campaign reward calculations
Q: Why am I receiving a different $BTC/$ETH amount on the next day and not the amount stated in Estimated earnings?
A: Please note that the amount stated in Estimated earnings on the Earn tab is an estimation based on the $BTC/$ETH balance that the user has at the time the page is viewed.
The actual earnings that will be credited on the next day is based on the 24 hours snapshot of the daily wallet balance. This can be affected by the following:
1. Deposits
2. Withdrawals
Q: How do I calculate my Annual Percentage Yield Percentage (APY%)?
A: APY% is calculated based on the following formula:
Daily reward received/wallet balance * 365 days
Based on the above example:
- Daily reward received is at 240 USDT
- Wallet balance is at 1 BTC (Index Price at 60,000 USDT)
- APY% = 240/60,000 * 365 days = 146%
Please note that APY% can vary as reward received and $BTC/$ETH wallet balance on the account can be different each day.
Q: Will the Unrealized P&L and Realized P&L affect the calculation of the daily average BTC/ETH wallet balance?
A: Unrealized P&L and Realized P&L will not be considered towards the campaign reward calculations.
Q: When will I receive my rewards?
A: Participants eligible for the campaign rewards will receive campaign rewards directly into their Flipster accounts within 1 business day of system snapshot. Kindly note that Reward distribution will begin from 20 August 2024 by 23:59 UTC
Q: Who can I approach if the reward is not received after 1 business day of the system snapshot?
A: Kindly submit a service request form, or reach out to us via Live Chat support for more information.