Buy Coinflex Verified Account from us
CoinFLEX operates as a crypto derivatives exchange and yield platform. It creates innovative solutions to bring investors and crypto markets through intuitive yield products such as flexUSD, the world’s first interest-earning stablecoin, and AMM+, a capital-efficient automated market maker worldwide.
Buy Verified CoinFLEX Accounts – What is the withdrawal limit on CoinFLEX?
KYC Level 1 imposes a ceiling on your withdrawal threshold, restricting it to a maximum of $10,000 USD worth of stablecoins. Nevertheless, the ceiling does not apply to other crypto assets such as BTC, ETH, or FLEX. When you ascend to KYC Level 2, your stablecoin withdrawal threshold is raised to $10,000 USD per 24-hour cycle. Finally, when you reach KYC Level 3, your withdrawals are boundless.
Buy CoinFLEX Accounts – Is CoinFLEX an exchange?
Coin Futures Lending Exchange, commonly known as CoinFLEX, provides physically delivered futures contracts for Bitcoin, Bitcoin Cash, and Ethereum, with Tether serving as the counter currency. In addition, CoinFLEX offers stablecoin-to-stablecoin futures contracts, which allow trading of Tether (USDT) against Circle’s USD Coin stablecoin (USDC).
Buy Verified CoinFLEX Account – Where can I buy CoinFLEX?
FLEX, the native token of CoinFLEX, can be traded using Coinbase Wallet, which serves as your gateway to the realm of cryptocurrencies. It’s worth noting that FLEX is exclusively accessible via Coinbase Wallet. It’s important to bear in mind that assets stored on Coinbase Wallet are not under the custody of Coinbase.
Buy CoinFLEX Verified Account – How can I buy CoinFLEX?
1. Find FLEX on a decentralized exchange and make sure FLEX Coin can be traded for ETH which is the native asset of Ethereum.
2. Buy ETH to trade for FLEX using an exchange like Gemini.
3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
Is CoinFLEX a Dex?
CoinFLEX is a global crypto derivatives exchange and yield platform committed to providing institutional and retail investors with an easily accessible platform to earn and trade crypto.
Is CoinFLEX regulated?
CoinFLEX.US upholds a steadfast commitment to operating as a transparent and secure trading platform, specifically for the purpose of yield-generation. By implementing know-your-customer (KYC) protocols, CoinFLEX.US is able to comply with US regulations in a rigorous manner.
FLEX Coin Data Transparency
At the genesis transaction, the supply of FLEX was fixed at 100M tokens on SLP with no option for further minting. CoinFLEX has pledged to buy and burn FLEX using 10% of profits and 10% of revenues to further maintain the deflationary nature of the token.
To maintain the correct circulating supply of FLEX across all supported chains, CoinFLEX employs a rebalancing mechanism.
When FLEX Coin holders’ activity shifts to a blockchain with a lower current circulating supply, CoinFLEX reduces the circulating supply on the less active chain and increases the supply on the one gaining traction. To support increasing withdrawals to ERC20 and SEP20, SLP FLEX Coins are locked into the dedicated CoinFLEX Treasury Wallet, removing them from the circulating supply, and FLEX is minted on Ethereum or SmartBCH as needed in amounts equal to those sent to the Treasury Wallet, therefore keeping the total circulating supply unchanged.
This is necessary as the minting baton for the token on SLP has been destroyed, and burning FLEX on SLP would reduce the supply, making it impossible to ensure there is enough FLEX for users who wish to move back to SLP from ERC20 or SEP20 if that was ever the case.
For example, if a user moves 100 FLEX from SLP to ERC20, CoinFLEX sends 100 SLP FLEX to the secure Treasury Wallet and mints 100 ERC20 FLEX. Conversely, if a user would move 100 FLEX from ERC20 to SLP, CoinFLEX would burn 100 ERC20 FLEX and unlock 100 of the locked SLP FLEX from the Treasury Wallet.
This rebalancing mechanism is vital for maintaining the integrity and reliability of the FLEX ecosystem across all chains. By implementing this mechanism, CoinFLEX ensures that the correct supply of FLEX exists on each chain, and users can move between chains without worrying about supply imbalances.
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