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FLEX can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

$50.7M

Volume (24h)

$94,989.90

Circulating supply

98.7M FLEX

All time high

$8.16

Price change (1h)

+0.02%

Price change (24h)

+9.24%

Price change (7d)

-5.58%

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FLEX is on the decline this week.

The price of FLEX has fallen by 5.58% in the past 7 days. The price increased by 9.24% in the last 24 hours. In just the past hour, the price grew by 0.02%. The current price is $0.51 per FLEX. FLEX is 93.70% below the all time high of $8.16.

The current circulating supply is 98,664,938.699 FLEX.

Ratings

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About

What Is CoinFLEX (FLEX)?

CoinFLEX is a cryptocurrency exchange platform powered by Flex Coin, developed to allow users to trade seamlessly on the platform. The FLEX Coin offers exclusive benefits to its users, which improve the experience of trading on CoinFLEX exchange for users. According to its whitepaper, the coin plays a huge role in the successful operation of the platform, including:  

  • FLEX Coins are awarded to traders each day based on their total volume of Takers. These takers are evaluated against an order; when an order removes liquidity from an order book by trading against another existing order, the platform qualifies that order as a taker. In such cases user receives FLEX based on the number of coins issued by the team on that day, multiplied by the amount of taker volume on that day, divided by the total amount of Qualifying Volume on the platform. 

  • FLEX coin hodlers can retain 50 percent on trading fees if they use FLEX coins. Further, the Coins can also be used for staking on the exchange for lower trading fees and other benefits. 

  • On an upcoming Lending/Basis for the trading product, CoinFLEX reserves 10 million FLEX Coins for lenders. Anyone who actively deploys funds in the lending product earns FLEX Coins every day for the first twelve months following its launch. In general, FLEX Coins are distributed based on the amount each user has deployed out of the overall total funds deployed via the product. 

  • The coin is also used to contribute to the insurance fund, for which CoinFLEX reserves ten million FLEX Coins. If liquidation is not successful, the FLEX Coins reserved for the insurance fund can be used and spent to prevent users from losing funds. 

  • Further, ten million FLEX coins were also issued over the first two years for marketing and referral purposes in addition to Trade-Driven Mining

  • Besides these utility FLEX coins are also used to reward trading contests, new customer/affiliate rewards, and other incentives to grow the user base. 

  • Each day, CoinFLEX burns 20 percent of company profits to acquire and burn FLEX Coins until it has spent five hundred million dollars (equivalent) on acquiring and burning FLEX Coins. The process of burning crypto means permanently removing tokens from circulation. 

These features of the coin ensure a smooth operating structure on the exchange while providing users with a trading platform and medium that can benefit them. 

History of CoinFLEX (FLEX)

The CoinFLEX platform was launched in 2019 by co-founder Sudhu Arumugam and founder and  CEO Mark Lamb. The token of the platform has a total supply of one hundred million FLEX tokens.

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Reading List

News

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FAQ

What is the current price of FLEX?

We update our FLEX to USD currency in real-time. Get the live price of FLEX on Coinbase.

What is the market cap of FLEX?

The current market cap of FLEX is $50.74M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of FLEX?

The all-time high of FLEX is $8.16. This all-time high is highest price paid for FLEX since it was launched.

What is the 24 hour trading volume of FLEX?

Over the last 24 hours, the trading volume of FLEX is $94.99K.

What other assets are similar to FLEX?

Assets that have a similar market cap to FLEX include Carry, smARTOFGIVING, Oasys, and many others. To see a full list, see our comparable market cap assets.

How many FLEX are there?

The current circulating supply of FLEX is 99 million.

Can I buy FLEX on Coinbase?

Yes, FLEX is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy FLEX guide.