About Profit Boost
Profit Boost allows traders to amplify profits on BTC, ETH, SOL, and XRP perpetual swaps positions for a limited time. Users can activate the Boost by paying a premium, enabling them to maximize potential returns within the activation period. This feature is designed to enhance user engagement and trading opportunities on the platform.
How Does Profit Boost Work?
While Profit Boost is active, any profit from the perpetual position is doubled.
Example:
Scenario 1: BTC price moves from 100,000 to 105,000 during the Boost period
If the BTC position is at a profit, the user’s profit and loss (P&L) will be displayed as +10,000 USDT (or USD1) instead of +5,000.
Scenario 2: BTC price moves from 100,000 to 95,000 during the Boost period
If the BTC position is at a loss, the loss amount remains unchanged, and the P&L will be displayed as –5,000 USDT (or USD1), the same as without Boost.
Settlement: Once the Boost period ends or the position is closed, any additional profit gained through Boost is immediately settled in the quote currency of the trading pair (USDT or USD1).
How to enable/activate the Profit Boost feature
Web Version: How to activate on the webpage
App Version: How to activate on the app
Please note that the cost for using the Profit Boost feature is dynamically determined based on market volatility.
Boost - applied positions will be displayed in the App as follows:
- An animation indicating boosted profit.
- Remaining Boost time.
Boost - applied positions will be displayed on the Web as follows:
- An animation indicating boosted profit.
- Remaining boost time.
What will happen when a user using [Add Position] to a Boosted position?
If a user intends to [Add Position] to a Boosted position, please note that the newly added portion/ One-Way mode newly placed position will not be boosted.
What will happen when a user uses [Flip] mode to a Boosted position?
If a user intends to use [Flip] mode to a Boosted position, please note that Flipping will immediately end the Boost, and profits will be settled in the quote currency (USDT or USD1).
Risk Warning:
Trading in cryptocurrency involves risk and potential losses. Before trading, please make your investment decisions cautiously by considering your investment objectives, experience, and risk tolerance. You are solely responsible for your investment decisions, and Flipster is not liable for any losses you may incur. Derivatives trading, in particular, is subject to high market risk and price volatility. Please obtain independent advice where appropriate. This information should not be construed as financial or investment advice.