As part of its rebranding from AQX, the cryptocurrency derivatives trading platform Flipster has promised $1,550,000 in bonus rewards to entice new customers to join and trade on their exchange. The futures exchange will run at least one campaign per week until all of the prizes have been awarded in an effort to entice more people to sign up and begin trading derivatives on the Flipster platform.
More than 400k USDT in bonuses have been distributed by the exchange in previous campaigns. The first of a series of promotions totaling 110,000 USDT began on July 17, 2023, and will last for seven days. New users that go through the identification verification process will receive a 10 USDT bonus, funded by 10,000 USDT.
The remaining 100,000 USDT will be used to incentivize and reward high-volume traders who give Flipster a try. At the conclusion of the weekly promotion, the participant who generates the most trading volume will get a Bonus of 10,000 USDT.
Futures trading redefined
To attract inexperienced crypto traders interested in “Flipping,” or trading derivatives, Flipster has rethought futures trading with a mobile-first strategy. The company is emphasising flipping as a way of increasing earnings and plans to focus on derivatives trading, simplifying the app interface to make it more accessible to new users. With this approach, users can open, close and monitor their trading positions even if they are novices. This might mean that some riders earn more money on their commute to work than they would in a typical workday. The portability of the platform also makes trading a more enjoyable experience and less like a technical chore.
After originally offering a web experience on par with other futures exchanges, the company opted for a mobile-first strategy. Traditional futures trading user interfaces have a steeper learning curve and are more technical than most modern programmes. A small number of competing user interfaces for futures trading were found by the Flipster team, but none of them were able to successfully onboard new customers to crypto futures trading at scale.
CEO Yongjin Kim said, “The team has been working very hard on bringing this new vision for futures trading to life, and now is the right time to incentivise users to trade with us. Once users start trading on our platform, they will be coming back again and again. “
Flipster’s primary goal is ease of use, but the platform also offers advanced features that will appeal to seasoned investors. With over 120 assets available for leveraged trading as of this writing, and with new perpetual swap contracts being added on a regular basis, Flipster is a viable option for traders. They also have tokens that are not listed for futures trading on other exchanges and that are not widely available in spot markets.