Flipster Referral Program
Q: How can I be eligible to participate in the program?
A: Please note that this event is available to all existing users of Flipster. For more information, please refer to the Terms and Conditions.
Q: What will happen to my existing referrals and my previous referral benefits?
A: Existing referrals will be migrated to the new scheme and hence referrers will enjoy the new referral benefits for the next 90 days.
Do note however that Referrer Rewards 1 are not retrospective and will apply only from 1 May 2024 at 00:00 UTC onwards.
Q: When is the promotion period?
A: The promotion period begins on 1 May 2024 00:00 UTC and will end when Fully Subscribed.
Q: What do my referees and I need to do to claim the rewards for this program?
A: The referrer must invite referees to sign up for a new Flipster trading account using an eligible referral code. Qualified referees must have signed up after 1 May 2024 at 00:00 UTC and have completed the identity verification process.
Referrer Rewards 1:
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The Referrer will receive 3% annualised deposit commission based on the daily average USDT wallet balance of their qualified referees
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- For 90 days starting from the account registration date of the qualified referees
- 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
- Rewards will be distributed in USDT
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Referrer Rewards 2:
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Referrers are eligible for a trading volume commission in the form of USDT on qualified referee trading volume within 365 days of account registration date of the qualified referees
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- Commission is calculated as 0.3 bps of qualified referee contributed trading volume
- Trade volume from both Spot and Perpetual Swap activities of qualifies referees will be considered as contributed trading volume for the trading volume commissions
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Q: How do I calculate the commission from the trading volume contributed by my qualified referee(s)?
A: Referrers are eligible for a trading volume commission in the form of USDT based on the qualified referee's trading volume within 365 days of account registration date of the qualified referees. Trade volume from both Spot and Perpetual Swap activities of qualified referees will be considered as contributed trading volume for the commission calculation.
The formula for the commission calculation is as follows:
Trading Volume * 0.3bps
Note: 0.3bps = 0.003%
As an example:
Qualified Referee trading volume = 500,000 USDT
Total commission received = 500,000 * 0.3bps = 15 USDT
Q: When will I receive my reward?
A: Please note on the following:
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Participants eligible for the campaign rewards will receive campaign rewards directly into their Flipster accounts
- System snapshots will be taken every Monday at 00:00 UTC
- Participants eligible for the campaign rewards will receive campaign rewards directly into their Flipster accounts within 7 days of system snapshot
- Reward distribution will begin from 13 May 2024
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.