Flipster Earn Campaign
Q: When is the promotion period?
A: Promotion period for the “Flipster Earn Pool Campaign - 240201” begins on 3 April 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 Campaign - 240403” Daily program reward will be distributed based on the daily average USDT wallet balance of participants.
- Daily average will be calculated by averaging 24 random snapshot timestamps of USDT wallet balance from 00:00 UTC to 23:59 UTC daily.
- USDT campaign rewards are rounded down to 2 decimal places
Q: What are the other important points that I need to take note of?
A: Please refer to the following:
- 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 USDT wallet balance not exceeding your Max Cap will earn the Trading Boost APR of an additional 6%.
- Any average USDT wallet balance exceeding your Max Cap will earn the Baseline APR of 15%.
- Any average USDT wallet balance exceeding 1,000,000 USDT will not be considered towards the campaign reward calculations.
- Any unrealized profit or loss will not be considered towards the campaign reward calculations.
- Any abnormal deposit and withdrawal patterns detected on your Flipster trading account may result in restrictions being placed on “Flipster Earn Campaign - 240403” rewards.
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Abnormal deposit and withdrawal patterns include but are not limited to:
- Abnormally high fund turnover rate not supported by account trading activity
- Abnormally high transaction frequency not supported by account trading activity
- Participants eligible for the campaign rewards will receive campaign rewards directly into their Flipster accounts within 1 business day of system snapshot that is taken daily from 00:00 UTC.
- Reward distribution will begin from 3 April 2024 by 23:59 UTC
Q: What is the breakdown for the Max Cap of the wallet balance?
A:
| 15-Day Trading Volume (USDT) | Max Cap (USDT) |
| ≥ 250,000 | 25,000 |
| ≥ 500,000 | 50,000 |
| ≥ 1,000,000 | 100,000 |
| ≥ 2,000,000 | 200,000 |
| ≥ 5,000,000 | 500,000 |
| ≥ 10,000,000 | 1,000,000 |
- Last 15 days total trade volume is calculated hourly
- Spot Trading Volume does not count towards 15-Day Trading Volume
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 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
Below are some examples:
Example 1:
- My wallet balance is at 200,000 USDT
- My trade volume within a 15 days period is at 2,000,000 USDT (which entitles for the additional 6% Trading Boost APR)
- Annual earn percentage is at 15%
- Amount that I will receive daily = (15 +6)%/365 days * 200,000 USDT) = 115.07 USDT
Example 2:
- My wallet balance is at 200,000 USDT
- My trade volume within a 15 days period is at 1,000,000 USDT
- Annual earn percentage is at 15%
- As trade volume is below 2,000,000 USDT (refer to Max Cap table), only the first 100,000 USDT wallet balance will receive 21% APR, while any amount exceeding that will receive the baseline of 15% APR
- Amount that I will receive daily = (21%/365 days * 100,000 USDT) + (15%/365 days * 100,000 USDT) = 98.63 USDT
Please note of the following:
- 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.
- Last 15 days total trade volume is calculated hourly.
- Any average USDT wallet balance exceeding 1,000,000 USDT will not be considered towards the campaign reward calculations.
Q: Why am I receiving a different USDT 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 USDT 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
3. Realizing Profit and Loss
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
Taking the above calculation as an example:
- Daily reward received is at 115.07 USDT
- USDT wallet balance is at 200,000 USDT
- APY% = 115.07/200,000 * 365 days = 21%
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: Participants eligible for the campaign rewards will receive campaign rewards directly into their Flipster accounts within 1 business day of system snapshot that is taken daily from 00:00 UTC. Kindly note that reward distribution will begin from 3 April 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.