- CoinFLEX is a futures exchange that uses AMM+, an Automated Market Maker, to provide customers with passive revenue.
- You can earn $5 worth of FLEX by doing some basic social tasks as part of this airdrop. Also, enter the AMM yield earning competition, dubbed AMM+ Arena, for a chance to win $10,000 and NFTs.
What is CoinFlex?
CoinFLEX is a cryptocurrency exchange that offers a variety of financial instruments for crypto trading and investing. Delivered perpetual futures are one of the qualities that set it apart from other exchanges. Furthermore, with low index and price settlement risk, it protects investors against bitcoin exposure.
It’s a versatile portal with excellent passive income alternatives. It also includes a utility token for a more stable trading experience as well as extra benefits. The trading interface gives you access to a wide range of market alternatives.
- Spot – Crypto assets trading
- Swap – Physical Delivery
- Futures – Classic Delivery contract
- Spread – Delivery & Perpetual 250X Spread Market
- Lending Market – Spot & Perpetual Lending Market
- Index – Supercharged Index Contracts with Funding
CoinFLEX offers FLEX Coin, a utility token based on the BCH blockchain’s Simple Ledger Protocol (SLP). To begin with, it is the cornerstone of the CoinFLEX ecosystem. Second, FLEX offers a wide range of incentives, including transaction fee payment, fee rebates, and much more. Finally, the exchange ensures demand for FLEX in the crypto market by regulating supply. The following is the total FLEX supply distribution:
- Traders (Taker Driven Mining)- 70%
- Lenders (OI Driven Mining, launching soon)- 10%
- Marketing (issues to CoinFlex)- 10%
- Insurance Fund (issued to CoinFLEX)- 10%
Pros and Cons
- 250X Leverage
- Multiple Accounts Division
- Low Fees
- No KYC
- Physically Delivered Perpetual Swaps
- A Wide Variety of Trading Pairs
- Transparent Fee Structure
- Prompt, Responsive Customer Support
- Low Liquidity
- Complicated Trading Interface
- Trading Restrictions for some Countries
- Limited Crypto Assets Supported
About the Airdrop
You can earn $5 worth of FLEX by doing some basic social tasks as part of this airdrop. Also, enter the AMM yield earning competition, dubbed AMM+ Arena, for a chance to win $10,000 and NFTs.
Airdrop 1: $5 worth of FLEX
- Create an account at CoinFLEX and create an AMM with a $1,000 minimum deposit.
- Follow them on Twitter and retweet this tweet.
- Submit your details to this airdrop form.
- You will get $5 worth of FLEX.
Airdrop 2: $10,000 USD + NFTs
- Create an account at CoinFLEX.
- Create an AMM+ position on CoinFLEX AMM+ with a minimum of 1,000 USD worth of crypto assets.
- Users with the highest trading volume can earn rewards from the $10,000 prize pool.
- The champion of each week can claim the unique NFT of their legend on the NFT page. The top 10 winners will receive rewards automatically every Sunday UTC at 11:59 PM.
Airdrops 3: Solo Missions up to $5000 weekly
- You can claim your reward once your AMM trading volume has passed the threshold required in a particular tier.
- Claim your rewards at AMM+ Arena.