Flipster VIP Program
Q: When is the promotion period?
A: Program period for the “Flipster VIP Program - 240617” begins on 17 June 2024 00:00 UTC and will end when Fully Subscribed.
Q: How can I be eligible to participate in the program?
A: Participant must complete the identity verification process in order to participate in the program.
Q: What do I need to achieve in order to earn the VIP status?
A:
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Participants will need to have a trade volume with value greater than or equal to 3,000,000 USDT within a 15 days period.
- Last 15 days total trade volume is calculated hourly
- Trade Volume for both Spot and Perpetual Swap will be considered in the 15 days total trade volume
- VIP Status has an expiry date of 7 days from the moment that it is awarded
- Please note however that VIP Status refreshes as long as trade volume with value greater than or equal to 3,000,000 USDT within a 15 days period is maintained
OR
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Participants will need to have a USDT Wallet Balance with value greater than or equal to 50,000 USDT.
- VIP Status has an expiry date of 7 days from the moment that it is awarded
- Please note however that VIP Status refreshes as long as USDT Wallet Balance with value greater than or equal to 50,000 USDT is maintained
Q: Why is my staked USDT in other events not applied to my VIP eligibility?
A: Your VIP status is determined by the available USDT wallet balance in your account, excluding any funds that are staked. When you stake funds, they are no longer part of your available balance and thus do not contribute to your VIP eligibility.
Example:
If you hold 50,000 USDT in your account and stake the entire amount, you will no longer meet the VIP requirements.
To maintain your VIP status while participating in the event, you may:
- Deposit additional funds into your account to ensure your available balance still meets the VIP Program requirements.
- Unstake funds from the other event to retain sufficient balance in your account to qualify for VIP status.
- Qualify through trading volume by meeting the trade volume criteria of 3,000,000 USDT or more within a 15-day period.
Q: Am I eligible for any rebate when I achieve the VIP status?
A: Participants are eligible for a rebate in the form of USDT on daily trading volume.
Please note on the following:
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- Rebates are calculated daily once VIP Status is awarded
- Commission is calculated as 0.1 bps of contributed trading volume
- Trade volume for both Spot and Perpetual Swap will be considered as contributed trading volume for the rebate calculation
Q: Are there any additional benefits after achieving the VIP status?
A: Yes, achieving VIP status comes with several additional benefits. Here are the additional perks for VIP users:
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Participants are eligible for an additional 1% annualized deposit earn once VIP Status is awarded
- Above deposit earnings are in addition to Flipster Earn Campaign - 240403 and apply to the account entire $USDT wallet balance
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Participants are eligible for an additional 1% annualized deposit commission once VIP Status is awarded
- Above annualised deposit commissions are in addition to Flipster Referral Program - 240501 and apply to the daily average USDT wallet balance of their qualified referees
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Participants are eligible for an additional 0.2bps trading volume commission once VIP Status is awarded
- Above trading volume commissions are in addition to Flipster Referral Program - 240501 and apply to the daily to the contributed trading volume of their qualified referees
Q: What is the VIP Earn Pool?
A: The VIP Earn Pool is a total Daily campaign reward pool of 2,000 USDT which 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 from 00:00 UTC to 23:59 UTC daily.
Please note on the following:
- USDT campaign rewards are rounded down to 2 decimal places
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Calculation Logic:
- 2,000 USDT * Avg(User USDT balance) / Avg(Sum of USDT balance of Eligible Users)
- Any average USDT wallet balance exceeding 50,000 USDT will not be considered towards the campaign reward calculations.
- Any unrealised profit or loss will not be considered towards the campaign reward calculations.
- Daily rewards will be announced here.
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For more information, please refer to the Terms and Conditions.
Q: Is there a maximum USDT wallet balance considered for the VIP Earn Pool reward calculations?
A: Yes, any average USDT wallet balance exceeding 50,000 USDT will not be considered towards the campaign reward calculations.
Q: Am I eligible to participate in both the "Flipster VIP Program - 240617" and the "Flipster Earn Campaign - 240403" concurrently?
A: Yes. Participants are welcome to join both programs simultaneously. However, please be aware that each program has its specific participation criteria that must be met.
Q: When will I receive my reward?
A: Participants eligible for the campaign rewards will receive campaign rewards directly into their Flipster accounts within 7 days of the system snapshot that will be taken daily at 00:00 UTC. Kindly note that reward distribution will only begin from 24 June 2024 by 23:59 UTC.
Q: Why is the bonus received missing from the account?
A: Please note that the campaign rewards awarded in Flipster Bonus will expire everyday at 00:05 UTC unless trading volume for the preceding 15 days has exceeded 10x the total USDT value of the Flipster Bonus.
Please refer to the Bonus FAQ for more information.
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.