Open 1st Position, Get 1 Free - 240820 FAQ

Open 1st Position, Get 1 Free - 240820

Q: When is the promotion period?

A: The promotion period for the  “Open 1st Position, Get 1 Free - 240820” begins on 20 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: Please note that to participate in the “Open 1st Position, Get 1 Free - 240820” campaign: 

• Participants must complete the identity verification process.
• Participants must have no prior deposits into their Flipster trading account.
• 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. 

For more information, please refer to the Terms and Conditions.

Q:  What will I receive upon completing the tasks?

A: Participants eligible for the campaign rewards 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

Q: What are the important things to take note of in this campaign?

A: Kindly take note of the following: 

1. Both existing and new users can participate in the “Open 1st Position, Get 1 Free - 240820” as long as Identity Verification is completed and no prior deposits were made before the promotion period.
2. Participants must make a FIRST trade on their Flipster trading accounts within 1 Hour of the FIRST deposit.
3. Participants must maintain a NET Deposit of 100 USDT or greater until reward distribution to remain eligible.