What is Flex Points and How it Works?

FP, also referred to as Flex Points, serves as the coveted currency of engagement within the BITFLEX Rewards Hub. This article aims to unravel the function of Flex Points and how users can leverage this system to maximize their rewards.

Users can collect FP by actively participating in a range of tasks featured on the Rewards Hub page. Additionally, BITFLEX offers social-fi tasks that allow users to engage and earn FP through our social media & community channels.

Flex Points Mechanism

Where to Check Your FP Balance:

To check your FP balance, simply log in to your BITFLEX account and navigate to the Rewards Hub page, where your FP balance is conveniently displayed.

Earning Flex Points

Let us delve into the example of where and how users can earn points:

1. Daily Check-in Tasks
   

   This system is designed uniquely for consecutive daily check-ins to help increase the Flex Points earned, reaching a peak on the 7th day. After the 7th day, the counter resets.

   Please note that this system is designed to reward uninterrupted participation. If you miss a day, the Flex Points sequence will reset, and you'll need to start anew to build up your consecutive Flex Points.
   
   
2. One-off Missions
   These are the missions that are only available for once. Upon completion of the tasks, users will be granted the assigned FP.
   
   -Sign up for a BITFLEX account
   -Complete KYC
   -Set up Google Authenticator
   
   
   
   
   
3. Beginner Tasks
   Similar to one-off tasks, beginner tasks are claimable once and follow a milestone-based structure. Users must achieve each milestone to unlock FP rewards.
   
   For example: If user A deposited 1100 USDT, he will be granted +100 FP and +150 FP for two milestones in the deposit tasks requirement.
   
   For new users, tasks will be available for 14 days upon successful registration.
   For existing users, tasks will be available for 14 days upon the release of the Rewards Hub System. 
   
   
   Please note that the deposit progress status will be updated every hour. The progress status for Spot & Derivatives Trading will be updated daily at 4:30 UTC.
   
   
   
   
   
4. Weekly Trading Challenge
   As the name stands, the weekly trading challenge will be available to users every week. Users can engage with the weekly tasks and earn FP accordingly.
   
   More tasks will be added during the development.
   
   Spot Challenge
   
   
   Derivatives Challenge
   
   
   
5. Social-Fi Tasks
   Currently, the social-fi tasks will only be available as ad-hoc tasks on X & other community channels.
   
   For example:
   
   Rest assured, we will be adding more fixated social-fi tasks on the Rewards Hub System itself.

Utilities of Flex Points

Currently, Flex Points are usable on Vouchers Shop and Flex Shop. Users are free to redeem whatever prizes they opt for as long they have sufficient Flex Points. It can be a Coin voucher, VIP voucher, Trading fee voucher, Point booster voucher, or even the physical prizes that we have on our Flex Shop. In fact, more utilities are coming in the next 2 phases where we will implement a Marketplace and gamified system. 

We are committed to enhancing user engagement through a dynamic Flex Points system, ensuring a rewarding and enjoyable experience for all participants. Stay tuned for more updates and new opportunities within the Rewards Hub!