Flipster Earn Pool Campaign
Q: When is the promotion period?
A: Promotion period for the “Flipster Earn Pool Campaign - 240201” begins on 1 February 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 Earn Pool Campaign - 240201” total Daily campaign reward pool of 10,000 USDT will be distributed in proportion to the daily average USDT wallet balance of participants.
- Daily average will be calculated by averaging 24 random hourly snapshot timestamps of USDT wallet balance.
- USDT campaign rewards are rounded down to 2 decimal places
Please note on the following:
- To claim the “Flipster Earn Pool Campaign - 240201” campaign rewards, participants must contribute a Daily trade volume with value greater than or equal to 10,000 USDT.
Q: What are the other important points that I need to take note of?
A: Please refer to the following:
- Any average USDT wallet balance exceeding 10,000 USDT will not be considered towards the campaign reward calculations.
- Any unrealized profit or loss 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 7 days of system snapshot
- System snapshots will be taken every Monday at 00:00 UTC to every Sunday at 23:59 UTC
- Reward distribution will begin from 5 February 2024 by 23:59 UTC
Q: How do I calculate the trade volume for my position?
A: The general formula for calculating trade volume is as follows:
Position margin * Leverage
For example, Trader A opens a position using 100 USDT with 10x leverage.
Opening trade volume = 100 USDT * 10 = 1,000 USDT
Closing trade volume = 1,000 USDT
Total trade volume for this position = 1,000 (opening) + 1,000 (closing) = 2,000 USDT.
Q: How is the daily average USDT wallet balance calculated?
A: Calculation of the daily average USDT wallet balance is based on the random hourly snapshot, from 00:00 to 23:59 UTC daily.
This means that the wallet balance will have 24 snapshots taken daily, and the daily average USDT 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 calculation of the amount is defined as the following:
10,000 USDT * Avg(User USDT balance) / Avg(Sum of USDT balance of Eligible Users)
As an example:
- Daily campaign reward pool is at 10,000 USDT
- USDT wallet balance of eligible users is at 400,000 USDT
- My wallet balance is at 2,000 USDT
- Amount that I will receive = 2,000/400,000 * 10,000 USDT = 50 USDT
Please note of the following:
- Any average USDT wallet balance exceeding 10,000 USDT will not be considered towards the reward calculations.
- Flipster will not disclose the daily USDT wallet balance amount of all participants.
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
As an example:
- Daily reward received is at 20 USDT
- USDT wallet balance is at 1,000 USDT
- APY% = 20/1,000 * 365 days = 730%
Please note that APY% can vary as reward received and USDT 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 USDT wallet balance?
A: Unrealized P&L will not be considered towards the campaign reward calculations.
As an example:
- My wallet balance is at 100 USDT
- Unrealized P&L of my position is -10 USDT.
- Total wallet balance of 100 USDT will still be considered towards the campaign reward calculations.
However, Realized P&L will be considered towards the campaign reward calculations.
As an example :
- My wallet balance is at 100 USDT
- Realized P&L from my closed position is -20 USDT
- Total wallet balance of 80 USDT (100-20 USDT) will be considered towards the campaign reward calculations.
Q: When will I receive my rewards?
A: Please note that eligible participants will receive campaign rewards directly into their Flipster accounts 7 days of system snapshot. Reward distribution will begin from 5 February 2024 by 23:59 UTC.
Q: Who can I approach if the reward is not received after 7 days of the system snapshot period?
A: Kindly submit a service request form, or reach out to us via Live Chat support for more information.