FLEX Coin Price & Market Data
FLEX Coin price today is $2.89 with a 24-hour trading volume of $96,684,070. FLEX price is down -1.2% in the last 24 hours. It has a circulating supply of 79 Million FLEX coins and a total supply of 98.7 Million. If you are looking to buy or sell FLEX Coin, CoinFLEX is currently the most active exchange.
What is FLEX?
FLEX is the native CoinFLEX exchange token. FLEX was originally minted on BCH’s SLP network and has expanded cross-chain to include ERC-20 as well.
What is CoinFLEX?
CoinFLEX is an acronym for “Coin Futures and Lending Exchange”. It is the first physically delivered futures exchange. The only exchange to issue two interest bearing stablecoins flexUSD and noteUSD. A growing hub for derivatives traders with the cheapest perpetual funding rates as well as a strong contender in the crypto collateralized borrow/lend and unsecured lending industry.
FLEX Use Cases
FLEX is the native coin that powers CoinFLEX, what is meant by this is
ALL trading fees and rebates are paid in FLEX if available leading to greater velocity of money.
FLEX, along with all other coins listed on CoinFLEX can be used as collateral with 0.9 LTV to trade CoinFLEX’s perps, futures, spreads, and rates.
Trading Fee Discounts - There are 6 FLEX tiers, owning more FLEX provides an account wide discount on fees on all trading products (perps, futures, spreads, rates and spot), in the case of perps and futures a maker rebate is available to FLEX holders. Trading repo markets is always free.
Affiliate Commission Tiers - There are 3 tiers ranging from 10% to 30% commission based on the amount of FLEX that is held in the referrer’s account.
Listing Votes - FLEX holders are eligible to vote on listing votes and be monetarily rewarded for participating in the voting process.
Options - CoinFLEX’s options platform is margined in FLEX.
Competitions - Holding 4000 FLEX entitles traders to enter CoinFLEX’s trading competitions.
CoinFLEX is committed to spending 20% of exchange profits on FLEX burns.
Holding and Storing FLEX
FLEX can be held on CoinFLEX, SLP wallets such as bitcoin.com, erc20 wallets such as metamask, and cold storage devices such as ledgers.
Where can I learn more about FLEX?
You can join the official CoinFLEX telegram, follow CoinFLEX on twitter, and you can check out the exchange.