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Open 1st Position, Get 1 Free - 240820

  • Updated
  • By participating in the “Open 1st Position, Get 1 Free - 240820” 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 “Open 1st Position, Get 1 Free - 240820” without prior notice, such changes are applicable to both new and existing participants.

Task

  • To participate in the “Open 1st Position, Get 1 Free - 240820” campaign participants must complete the identity verification process.
  • To participate in the “Open 1st Position, Get 1 Free - 240820” campaign participants must have no prior deposits into their Flipster trading account.
  • To participate in the  “Open 1st Position, Get 1 Free - 240820” campaign participants must make a FIRST trade on their Flipster trading accounts within 1 Hour of the FIRST deposit.
    • Participants must maintain a NET Deposit of 100 USDT or greater until reward distribution to remain eligible.
    • Rewards will be distributed within 3 business days after the task has been completed.
    • The aforementioned USDT value will be calculated as per the index price of the deposit currency at the time of deposit.
    • Deposits from a Flipster trading account into a second Flipster trading account will not be considered. 
  • Participants in the “Open 1st Position, Get 1 Free - 240820” will receive Perpetual Swap Contract positions with the following specifications:
    • Symbol - Random
    • Direction - Long or Short 
    • Initial Margin - Up to 100 USDT Bonus
    • Leverage - Up to 20x
  • Initial Margin specifications on Perpetual Swap Contract positions will depend on Position Size of the FIRST trade on their Flipster trading accounts.
    • Position Size < 5 USDT Value
      • Ineligible
    • Position Size ≤ 10,000 USDT Value
      • Position airdrop with 1 USDT margin
      • Position airdrop up to 20 USDT Position Size
    • Position Size 10,000 - 1,000,000 USDT Value
      • 0.01% of Position Size as USDT margin
      • Position airdrop up to 2,000 USDT Position Size
    • Position Size ≥ 1,000,000 USDT Value
      • Position airdrop with 100 USDT margin
      • Position airdrop up to 2,000 USDT Position Size

 

Timeline

  • Promotion period for the  “Open 1st Position, Get 1 Free - 240820” begins on 20 August 2024 at 00:00 UTC until Fully Subscribed.

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;
  • 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;
  • Actions have been taken that may circumvent our controls, including but not limited to;
    1. Operating multiple Flipster accounts without written consent
    2. Wash trading
    3. Volume faking
    4. Market manipulation
    5. Self-dealing
    6. Abusing Events, Promotions, Campaigns or Program
  • Information provided by you is wrong, untruthful, outdated, or incomplete;

Campaign Rewards 

  • Participants eligible for the campaign rewards will receive campaign rewards directly into their Flipster accounts within 3 business days after the task has been completed.
  • Reward distribution will begin from 21 August 2024 by 23:59 UTC
  • The “Open 1st Position, Get 1 Free - 240820” campaign rewards cannot be bartered, redeemed in or exchanged for cash.

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.

 

 

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