FLEX Price (FLEX INR)

About FLEX

FLEX Coin is the platform coin issued to reward the traders on CoinFLEX platform. CoinFLEX, meanwhile, is the world’s first physically delivered crypto futures exchange. The platform launched FLEX Coin in March 2019 to encourage liquidity and reward members who trade on the platform.

Whenever someone makes takers’ trade at CoinFLEX, the exchange issues FLEX to the trader, based on the proportion of the trading volume. Traders can also get FLEX by buying the coin on the FLEX spot markets.

The amount of FLEX that a user is awarded is equal to the number of coins that CoinFLEX issues that day, multiplied by the user’s taker volume that day, which is then divided by the total amount of Qualifying Volume on the platform to calculate the amont of FLEX Coins earned as reward.