Flipster Product Highlight AMA Recap
On October 29th, we held an engaging AMA featuring our Product Manager, Youngsun Shin, who highlighted the key features of Flipster as a trading platform.
In case you missed the live session, we’ve prepared a quick recap. Read on to catch up on the key insights from this AMA session!
TL;DR
* Flipster's competitive advantage lies in offering zero fees and fast listing
* Earn and trade simultaneously with our Earn Campaign featuring USDT, BTC, and ETH
* The Instant Flip feature stands out for its cost efficiency and minimizing fees when reversing positions
* New memecoin launchpools consisting of GOAT, WIF, POPCAT, BRETT, and MOODENG
Q: What sets Flipster apart from other trading platforms?
YS: Every trading platform has its own unique strengths. At Flipster, we focus on building an intuitive and fast platform. Our platform is designed so users can quickly access the price action of any listed token. Want exposure to an altcoin or BTC? Just a few taps, and you’re in. Another major perk is the opportunities we offer. From fast listings to lucrative reward campaigns like our Earn Campaign and position-based airdrops, we’re always finding ways to bring value to our users.
Q: We see that Flipster is currently running an Earn Campaign with high APR returns for USDT, BTC, and ETH, would you mind telling us more about the Earn Campaign?
YS: The Earn Campaign is designed to reward users who choose to deposit and trade with us. If you deposit USDT onto Flipster, you’ll automatically start to earn competitive APR rewards based on your wallet balance.
The standard APR is currently 15%, and there are ways to boost this, such as through limited-time partnership promotions or your trading activity. We’ve had campaigns with TON Foundation which gave us a 5% additional APR, based on additional USDT on TON deposits that users made. Another example is an additional 6% APR for traders who increase their trading volume beyond 500K.
You don’t need to stake or lock your USDT, BTC, or ETH – your funds remain flexible. For USDT, you can continue to accrue APR rewards, even when you’re actively trading. Think of it as “making your money work twice as hard” by earning on your balance while staying exposed to market movements and price actions.
Essentially, you’re double earning with the same money, so we use the catchphrase of “make your money work twice as much”. It’s almost been a full year of high APR opportunities for our users. You can also refer to our Proof of Reserves (POR), to see that all of our user balances are held on a 1-1 basis.
Q: The talk of the town over the past month especially in the Telegram community has been the Spark Rewards Campaign! What is it about and how can users utilize it to earn on Flipster?
YS: The Spark Rewards Campaign is all about recognizing and rewarding active users on Flipster. The more you deposit and trade, the more Sparks you accumulate, and the more rewards you can gain. The campaign is part of our ongoing efforts to reward our users innovatively, and we will keep iterating on the best ways to serve our users who are loyal to Flipster. If you’ve been collecting Sparks, keep it up. We can’t tell you everything about the Spark Rewards Campaign now but rest assured that we’ve created it with further plans to help users maximize these Sparks, so keep an eye out.
Q: Flipster’s Instant Flip is known as an addictive and easy-to-use trading feature. Can you explain how it works?
YS: Instant Flip is one of our top features for short-term traders. With a single click, you can reverse your position from long to short, or vice versa, without changing your position size. It offers an intuitive UX and a highly price-competitive way to reverse your position.
What’s unique about it is the price competitiveness. Many other exchanges also have reverse position functions, but it takes off a lot of commissions during the process. Flipster’s Instant Flip stands out with its cost efficiency, minimizing fees during this reverse action.
Q: Are there any alphas about upcoming launchpools?
YS: Our Launchpool feature rewards users who stake specific tokens on our platform with competitive APRs. If you’ve got tokens from airdrops or farming, you can earn USDT rewards by depositing them on Flipster.
Since we’re a smaller exchange, there are opportunities for early access to more attractive rewards. The more active and loyal you are, the better your potential earnings—especially with multipliers for VIPs and high-volume traders.
We’re going to launch a series of meme coin Launchpools in the form of a carnival, you can look forward to participating in them to earn memecoins or USDT.
Q: Flipster is also known for its special airdrops in the form of launch airdrops and position airdrops. Do you have any alphas to share?
We’re riding the memecoin wave, and have a lot planned, including memecoin-focused Launchpools and social media campaigns where users can earn USDT and other rewards. We’re talking about a big, carnival-style event, with huge prize pools.
If you’re a Flipster user, there are ongoing airdrops you can participate in. Check out the challenge tab on our app or website to join our Launch Airdrop and Position Airdrop.
To participate in the Launch Airdrop campaign, log in to your account and collect chips daily to get a free random position. The more chips you collect, the bigger the position you get. For Position Airdrop, the size of the position you get is random, but if you’re lucky, you might get a huge-sized position. We also have a fun event in the works for you guys, keep a lookout!
Q: We also hear that Flipster VIPs have it real good! What perks do they get? How can aspiring Flipsters become VIPs themselves?
YS: As an early-stage product, you’re either a VIP or a basic user. VIPs enjoy perks like a daily reward pool, trading rebates, extra APR, referral bonuses, and even USDT conversion options. In short, Flipster VIP offers a solid ROI, with more benefits being added regularly.
To become a VIP, you need to meet one of the two requirements – when you trade more than 3 million USDT volume in 2 weeks or when you deposit more than 50,000 USDT. For example, if you trade with $1,000, but trading Bitcoin with 100x leverage, that’s already 100K. If you close a position that’s another 100K. This accrues a 200K volume in a trade. In other words, 3 million in 2 weeks is viable if you’re a short-term trader.
If you’re a VIP on another exchange, you can get an instant 28-day VIP trial with us through our Status Match Program. It’s an easy way to try out Flipster’s benefits with zero risk.
Q: Any hints on upcoming features for Flipster?
YS: We actively consider what our users want in terms of opportunities to maximize their earnings and have got several developments in the pipeline. While I can’t reveal everything, we’re looking to expand our product lines beyond USDT perpetuals and enhance our order system for a smoother experience. Keep an eye out for more Launchpools and new features to the Spark Rewards Campaign as well.
Q: Before we draw this AMA to a close, please share with our listeners any final words you may have!
YS: Stay tuned for more AMAs and opportunities to engage with our team, ask us questions, and give us feedback. We regard our user feedback very seriously and read every single one of your comments on Telegram, social media, and other channels to improve Flipster for our community of users.
We’ll also reward users who use our platforms, or who are super active on our social media channels. We’ve got exciting plans in November, including new partnerships and campaigns. Make sure to follow us and be on the lookout for our social media updates and turn on your notifications for X.
Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with significant risk of loss due to its high price volatility, and is not suitable for all investors.