Flipster x BNB Chain Partnership Spotlight AMA Recap

On November 5th, we hosted an engaging AMA with our Product Manager, Youngsun Shin, and BNB Chain's Chief Ecosystem Pilot, K. Together, they shared exciting updates on Flipster's partnership with BNB Chain to enhance the stablecoin experience for both communities.

If you couldn’t join us live, we’ve got you covered with a quick recap of the key highlights from the session!

TL;DR

* BNB MegaFuel infrastructure allows CEXs like Flipster to utilize gas-free transactions.

* Stablecoins are essential for blockchain adoption and a key pillar of BNB’s ecosystem.

* PayFi is growing as adoption in crypto payments rises with major players leading the charge. * Earn up to 18% APR on USDT for new BNB Smart Chain deposits on Flipster. * Flipster highlights BNB Chain’s projects and the growing potential of memecoins as the alphas in the crypto space.

Q: Please introduce yourselves and what you do at your respective projects.

YS: Hey guys, I am Youngsun, the Head of Product at Flipster. Just briefly, Flipster is a next-generation crypto exchange focused on delivering the best experience for crypto derivatives products, though not limited to that. Glad to meet all of you for a discussion on this exciting partnership and the next phase of stablecoins!

K: Hi guys, this is K from the BNB Chain team. I’m based in Korea and primarily handle gaming and payment-related projects within BNB Chain. Thank you to the Flipster team for inviting me!

Q: For the audience who are new to both of your projects, could you give us a slight introduction about your projects?

K: BNB Chain is one of the most active Layer 1 blockchains in terms of Daily Active Users (DAU) and ranks among the largest by Total Value Locked (TVL). While many are familiar with Binance Smart Chain (BSC), it's worth noting that BNB Chain encompasses more than just BSC—it also includes opBNB, our high-performance Layer 2 solution, and Greenfield, a practical data storage chain.

YS: Flipster is a new and fast-growing crypto exchange focused on delivering a better and more convenient user experience. Our goal is to redefine the centralized exchange landscape.

Q: How do both Flipster and BNB ensure that the needs of your users are met? How do your respective projects go about this?

K: One way is to build a strong ecosystem as strong projects within our ecosystem are what drive users’ needs. As mentioned, MegaFuel is one example and we’re collaborating with Flipster on this. There are also many other incentives for projects to build on BNB. Hence, the projects involved must always drive users’ needs for mainnets. Our new initiative for the community is the most recent push for stablecoins and a gasless solution. Our MegaFuel infrastructure allows various sectors, such as Wallets, Centralized Exchanges (CEXs) like Flipster, and payment gateways, to utilize the gasless solution. One of the reasons I’m here with Youngsun and the Flipster team is that we’re providing gasless withdrawals for BEP-20 stablecoins together. 

YS: We see different aspects when looking at how we treat our users best and potentially ensure that our users are happy. One of the things is making sure that we’re looking at the right data. Even if the users don’t necessarily say, “Hey, I want this” or “Hey, I want that,” from an analytical standpoint, we see a lot of meaningful inputs from our data. If we notice that a certain feature is getting a lot of traction, we will ensure it is constantly improved, that’s number one. Number two, we look at our community. We examine our Telegram Channel, our X comments, the incoming messages, and the tickets you guys are sending. We also do a lot of qualitative research and make sure we talk to our users and listen to their pain points. It’s important to look at the quantitative data points from the actions our users are taking and the objective insights we can derive. Number two is listening to the voices of our users to ensure their needs are met. That’s an important aspect of every crypto product, and Flipster is very proud of owning this.

Q: This question is just for K. What are some interesting trends we've observed on BNB Chain recently?

K: I think an interesting trend that we’re seeing on BNB is definitely the feedback we’re getting from the Most Valuable Builder (MVB) and BNB Incubation Alliance (BIA). I just want to highlight this a bit: MVB is a four-year-old incubation program we have. In simple terms, it’s like Y Combinator for Web3 within BNB Chain. BIA is kind of like the ticket for MVB, which we rolled out a few months ago. We recently held BIA in Dubai, and the next one is at Thailand Devcon.  In Web2 terms, BIA is like the Web3 Shark Tank. We invite these projects to pitch and have a chance to participate in MVB and get potential investments from Binance Labs. Along with Binance Labs and BNB Chain as judges, we’re inviting top-tier VCs like Hashed, Spartan, Pantera, Nomad Capital, and so on. We had a total of 20 VCs as judges for that event in Singapore.  We’ve been getting really good feedback for all these early-stage projects because it’s a great opportunity to secure investments and get their products out, which is also beneficial for the VCs who are actively looking for investment opportunities!

Q: To follow up with a bit more detail on what you were sharing, would you like to explain why BNB Chain is investing in ecosystem projects and what kind of adoption these projects would like to see from BNB Chain?

K: For mainnet, users’ needs depend on the types of projects within the ecosystem, and MVB and BIA are designed for early-stage, innovative projects aimed at driving adoption. As a mainnet, we rely on ecosystem projects to meet their needs, which is one of the reasons we emphasize these types of programs.

Q: For Youngsun, would you like to explain why Flipster is focusing more on stablecoins as part of the medium for trade and earning?

YS: If you look at crypto products and tokens, one area where we feel the industry has proven its use case is stablecoins. Stablecoins are increasing in utilization, and they essentially function like Total Value Locked (TVL) at a large scale, regardless of market conditions. This is a critical aspect. Even blockchains like Layer 1s or Layer 2s within the crypto ecosystem are viewing stablecoins as an essential part of their product roadmap. Flipster is doubling down on supporting users who base their assets on stablecoins, currently prioritizing USDT, where a significant portion of our user assets are held. 

Instead of relying solely on trading pairs like SOL, ETH, or BTC—which remain valuable and important—we believe that trading pairs, earn products, or staking based on stablecoins will dominate regardless of market conditions, and we are committed to this approach. Consequently, we are exploring various aspects of stablecoin adoption, including chain expansion. This year, we have expanded our support for USDT withdrawals and deposits from just one or two chains to multiple chains, including BNB Chain and TON Chain. This expansion provides more accessibility for our users to deposit, withdraw, and utilize stablecoins on our platform and ensures they can seamlessly use them outside our platform through easy withdrawals.

Q: Flipster and BNB Chain are hosting a month-long campaign for November with great rewards to be won. Would you care to go through the details of the campaign and what users can expect?

YS: K, you can start with the gas-free carnival, explaining its intention and how it works. I’ll then introduce the various campaigns we’re adding that will benefit the BNB Chain ecosystem and Flipster users.

K: As I mentioned earlier, Flipster is one of the exchanges utilizing MegaFuel. Gas fees are sponsored for all users, meaning withdrawals of BEP-20 stablecoins are gas-free.

YS: I actually have a question for K as to why is BNB Chain prioritizing MegaFuel and focusing on sponsoring and supporting central exchanges as a medium for withdrawals and deposits. Why is BNB Chain making this a high priority and turning it into a gas-free carnival initiative? K: As Youngsun mentioned earlier about the importance of stablecoins in a blockchain ecosystem, we 100% agree. Stablecoins are something we want to focus on going forward. We don’t see many collaborations between centralized exchanges and decentralized blockchains these days, but they still serve as a main bridge for users to withdraw and deposit their stablecoins or other coins. Hence, we rolled out this gasless infrastructure to support the lowest gas fees for stablecoin transfers.

YS: I think that’s an important point there. I was also in Dubai for both Binance Blockchain Week and the subsequent TON Gateway. Throughout the entire week, one of the hot topics has been stablecoins. Why stablecoins? It is because they’re central to adoption. Central exchanges are also crucial for adoption. While many users are very comfortable with DEXes and decentralized wallets, in many countries, centralized exchanges are still needed to convert fiat into crypto assets. I think it’s a smart move for BNB Chain to make this bridge convenient and affordable for users to adopt BNB Chain.  When a user transfers stablecoins through BNB Chain cheaply via an exchange, they’re making an indirect blockchain transaction by sending crypto assets from one exchange to another. Through this process, they become familiar with BSC. If they later want to deposit that USDT to their MetaMask or decentralized wallet, that’s a step toward adoption. BNB Chain understands that this adoption will bring more users to its platform, which is why they’re driving this campaign. Flipster aligns with this approach. I also believe ensuring that users can conveniently deposit and withdraw stablecoins is essential to our success.

K: As Youngsun mentioned, if we look at the data on centralized exchanges, they’re actually the most widely adopted sector for stablecoin transfers, and they’re essential for crypto adoption overall.

YS: To drive this further, we want to ensure our users are incentivized to make free withdrawals from Flipster and experience depositing into Flipster for the first time. Many in the BNB Chain ecosystem will hear about Flipster through this event, and when they do, we want them to try depositing funds into Flipster, especially since withdrawal fees are also free.

For new users depositing stablecoins into Flipster through BNB Smart Chain, we’re offering an additional APR on top of our base APR as part of our Earn campaign. With this campaign, if you hold assets on Flipster in the form of USDT, there’s no need to stake or lock up your stablecoins—just hold them in Flipster, and you’ll receive daily, compounding rewards based on your balance. Currently, our base APR is 15%, but if you’re depositing for the first time through BNB Smart Chain this month, we’re adding up to a 3% bonus APR to your balance.

We also have two events happening. First, a social giveaway: check out our event post, retweet it, and tag your friends to automatically enter a giveaway with a $2,000 USDT reward pool for helping spread the word. Let everyone know that BNB Chain and Flipster are driving stablecoin adoption with this campaign and offering great rewards!

Q: Are there any alphas regarding BNB Chain and Flipster that you’re able to share with our listeners? Perhaps some things they can look out for, or any promising sectors to watch in the current crypto cycle?

K: I don’t want to keep focusing solely on stablecoins, but I’d also mention AI—even though I’m not deeply familiar with this rapidly evolving space and its new trading narratives. I’d say PayFi is something to watch. As we’ve discussed, stablecoins are a foundational pillar of the blockchain economy, but adoption on the payment side has been limited. However, we’re seeing regulations easing up in some countries around stablecoins and crypto payments in general. Certain regions urgently need crypto payments due to limited access to traditional banking. I think adoption in this sector is promising, and major players like Tether, BNB Chain, and Solana are heavily investing resources into the PayFi space overall.

YS: So, I’d actually revert back to BNB Chain as an alpha. If you look at initiatives like BIA or MVB, you can spot some really promising projects being incubated by Binance Labs or those that BNB Chain is bullish about. By following the projects being incubated there, you can get a good sense of which sectors Binance or BNB Chain sees potential in. That’s alpha already. 

For Flipster’s side, we focus on trading volume. A lot of volume brings in attention, so pay attention to how TVL (Total Value Locked) or the industry’s focus on a specific sector is growing. Since this AMA is about stablecoin adoption, particularly around the gas-free carnival, I want to mention that stablecoins are definitely a growing sector. How do you benefit from stablecoins? Do you just buy USDT? Not necessarily. You should also look at new stablecoin projects like Ondo, Ethena, and others that are innovating around different types of stablecoins.

Another area worth noting is memecoins. While many don’t consider them a major sector, we think memecoins could lead the next wave. Why do people get interested in crypto? First, high volatility—high risk, high return. Second, it’s fun. Third, there’s a huge community behind it. Given these factors, memecoins are definitely something we’re closely watching.

That’s why we’re also running a memecoin carnival, featuring a series of launchpools of different animal memecoins. If you have memecoins like $WIF or $POPCAT, you can stake them to earn USDT. So, if you have memecoins sitting in your wallet, deposit them into Flipster to earn more than just holding them. 

Q: Before we draw this AMA to a close, please share with our listeners any final words you may have!

K: Thank you all for tuning in, and a big thank you to the Flipster team for inviting me and for being so supportive of our ecosystem. I really enjoyed this session! YS: Thank you everyone for tuning in! We have an exciting month of November ahead and we’re calling it "NovemBULL" as we head into December. There are plenty of events and campaigns lined up from the Flipster side, so don’t miss out on the opportunity to earn from these initiatives. Some of them only require you to click and check into our app to start earning. There is very little commitment required to try out Flipster and learn about it while being rewarded by us. For those of you heading to Devcon in Thailand, our team will be there too! Feel free to reach out if you'd like to meet us. We’re looking forward to seeing what we’ll come up with this November!

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.