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FLEX Coin (FLEX)

FLEX Price
$0.200988
123.32%
Market Cap
$3.23M
123.32%
Volume
$1.45M
123.57%
Transp. Vol.
100%123.00%
Grade
A gradeA grade
Rank
#1,077

FLEX / FLEX Coin Price

(year to date)
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FLEX Coin Year-to-Date Performance

Today's FLEX Coin price is $0.200988, which is up 123% since the year began. FLEX Coin's market cap is $3.23M. Year to date FLEX volume is $1.45M. It has a market cap rank of 1077 with a circulating supply of 16,090,174 and max supply of 100,000,000. FLEX Coin is traded on exchanges. FLEX Coin had an all-time high of $0.531533 over 1 year ago. Since the year began, FLEX Coin has had 100% transparent volume and has been trading on 13 active markets with its highest volume trading pairs being .

FLEX Data Highlights
FLEX Coin Price (ytd)$0.200988 (123.32%)
Market Cap$3.23M (123.32%)
Trading Volume (ytd)$1.45M (123.57%)
Transparent Vol. (ytd)
$1.44M100% (123.00%)
Transparency GradeA gradeA grade(Transparent)
Circulating Supply16,090,174 (16.09%)
7D Price Prediction
N/A
1st 1D CandleJul '19
1st TradeJul '19
1st OrderbookNov '19
Exchanges5
Trading Pairs13
Updated5 hours

FLEX Coin Statistics

Price

$0.200988
Price Change
$0.110988 (123.32%)

All-Time High

$0.531533
Date of ATH10/7/2019
Days Since ATH562
% of ATH37.81%
Price vs ATH

Market Cap

$3.23M
Mkt Cap Change
$1.79M$1,785,813 (123.32%)
Mkt Cap Rank1077
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

16,090,174
Max Supply100,000,000
% in Circulation16.09%
% in Circulation

Volume

$1.45M$1,447,620
Vol. Change
$800,118$800,118 (123.57%)
Exchange VolumeUnknown

Transparent Volume

100%
Transparent Volume (Δ)
123.00%
Transparent Volume
A - 100%
D - <1%

About FLEX Coin

FLEX is a utility coin of the CoinFLEX exchange that has a range of uses and functions powering the community. CoinFlex positions itself as the first physically delivered cryptocurrency futures exchange in the world. It was created to provide a hub for investors to hedge cryptocurrency exposure with minimal index or price settlement risk.

The company that developed the CoinFLEX exchange is based in Seychelles. The platform is operated by Liquidity Technologies Ltd. Most derivatives trading activities occur in Asia, or China, in particular. The exchange started its public activity in 2019. The administrative headquarter of the exchange is in Mahe, Seychelles, but the company is operating from Hong Kong targeting its main customers who are located mainly in Asia.

The company has grown to a daily trading volume of 500 million USD in less than 6 months since the launch. This became possible thanks to the years of preparation when the members of the team accumulated experience in building and running trading exchanges.

The goals of the project

The company tries to deliver the most exciting and accessible cryptocurrency exchange, therefore the team provides advanced order types to users and tries to educate customers organizing frequent competitions.

The members of the team are obsessed with derivatives trading, cryptocurrency markets, and physical delivery. Though CoinFLEX can boast of being the first physically delivered futures exchange, it’s not going to stop on this achievement and wants to become a dominant venue for trading activities.

The strategy includes recruitment of users who trade on BitMEX and OKEX as the team believes in the superiority of physically delivered futures. The growth of such deals should increase 10-20 times in their opinion in comparison with the volume of spot trading. There are all conditions for the financial markets to grow up to 20-40 billion USD and Coinflex hopes to obtain a sizable part of this sum.

CoinFLEX platform and technologies

CoinFLEX serves different categories of users including commercial clients and individuals. The company offers physically delivered bitcoin futures and doesn’t provide cash exchange.

The system uses trade-driven mining to issue the FLEX coin. It is paid to members of the community based on their daily trade volume. The number of coins issued per day is equal to the reward that traders get multiplied by the taker’s volume and divided by the total amount of Qualifying Volume on the exchange. The last figure includes the amount of XBT/USDT Futures but can add any markets the company wants or, on the contrary, remove the qualifying markets. The decision depends upon the goal that the platform pursues. This is an effective tool to incentivize traders and focus on a particular activity, such as, for instance, the one around the cryptocurrencies-to-stablecoins future pairs.

The company offers a robust matching engine coupled with physical settlement to institutional traders. The best-in-class API performance enables low latency and high throughput. The physically settled mechanism helps to release a lending product allowing the execution of the carry trade in institutional size for stablecoins holders. The team has also developed Android and iOS-based mobile apps for users on the go.

Customers trading FLEX on the exchange can enjoy reduced fees saving up to 50%. FLEX coins can be acquired on the platform’s FLEX/USDT order book. Users can also stake FLEX to enjoy the benefits provided on the exchange for using the coin. For instance, the bonus for staking 1000 FLEX is 10 USDT. The funds should be locked up for 30 days, while stakers get a bonus immediately after staking FLEX. It’s possible to repeat the procedure after the staking period is over and stake again to get the same reward for a 30-day period. The members of the community staking FLEX also receive higher affiliate and sub-affiliate payouts. Additionally, participation in the competition can bring good wins that are provided not only for those who take top places as many other participants are awarded, too.

CoinFLEX security

The team has a flawless reputation in matters of security. It can boast of excellent track record keeping crypto assets in custody, the amount of which exceeded 100 million USD. The company applies to the exchange custodian Bitgo, the leading company in its sphere that provides 100 million USD insurance coverage for digital assets in case of theft, hacking, loss of keys, and other dishonest acts thus protecting its users.

CoinFLEX financial details

The supply of FLEX is 100 million coins, which are issued within a period of 2 years. 10 million coins are reserved for lenders who earn FLEX Coins on a daily basis after the product is launched. The amount awarded depends upon the amount deployed by the user. 10 million of FLEX Coins are reserved for the insurance fund that is activated in the system loss scenario to protect users’ assets from unsuccessful liquidation. 10 millions of FLEX Coins are issued for marketing and referrals.

The platform uses the burning scheme to balance the coin value. Burning FLEX Coins with 20% of the company profits daily, it plans to burn 500 million USD or its equivalent in total.

CoinFLEX team

The company includes experts specializing in different spheres. There are highly professional specialists with expertise in Bitcoin, technology, venture capital, and financial markets.

At the moment of writing, the company includes over 20 employees with Mark Lamb, the CEO, at the head of the company. Mark Lamb founded the company in 2018 after he accumulated experience in Coinfloor. Mark has been a full-time Bitcoiner since 2012. In 2013, he founded Coinfloor that became the UK’s first cryptocurrency exchange and took the position of CEO in it.

The co-founder of the company Sudhu Arumugam previously worked as a trader on the floor of the London Finance Futures Exchange for a leading proprietary trading firm. He had also been a partner at prop firms and hedge funds.

The global distribution of the company and selective hiring of employees helps to achieve goals set. It’s worth noting that the company is extremely focused on technologies and this feature contributes to the faster development of new derivatives products and quick adaption on the market, scaling volumes.

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FLEX Coin Markets

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FLEX Coin Historical Data

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Frequently Asked Questions

  • What’s the current FLEX Coin price? How much is 1 FLEX Coin worth?

    The price of 1 FLEX Coin is $0.200988. Over the last 24 hours, a FLEX Coin is worth -11.85% less. Go here to convert FLEX prices to currencies other than USD.
  • When did FLEX Coin start?

    The earliest trading data for FLEX Coin is on July of 2019 (based on current exchange data).
  • How high can the FLEX Coin price go?

    FLEX Coin’s price has gone as high as $0.531533 (which is FLEX’s all-time high). It achieved this price over 1 year ago. Speculations abound for how high FLEX Coin’s price will get in the future.

Today's FLEX / FLEX Coin News for April 21, 2021

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