ChainFlip
Displace the Centralized Exchange
About
Chainflip is a decentralised, trustless protocol that allows users to easily exchange cryptocurrency assets across a range of networks and blockchains without losing custody of their assets in the process. The Chainflip protocol allows users to swap assets between major blockchains without any wrapped tokens, traditional bridging, and at extremely competitive pricing using a novel and unique ‘Just-inTime’ based Automated Market Maker, dubbed the JIT AMM. It is totally generalised, decentralised, and can be integrated with any chain using any transaction type. The protocol is secured by a set of 150 validators staking Chainflip’s native FLIP token. FLIP is primarily a utility token. Validators require FLIP in order to stake, and in turn are rewarded in FLIP. Value is returned indirectly to Validators through protocol fees. Additionally, every swap conducted on the platform results in the automatic buying and burning of FLIP tokens through the liquidity pool system, which puts deflationary pressure on the network as trading volume increases.
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Sale Terms
Token Price
$1.83
Minimum Purchase
$100.00
Purchase Methods
USDC, USDT
Allocated Supply
2,066,314 FLIP
Unlock Schedule
100% unlock at TGE
Fully Diluted Value
$164,700,000
Total Token Supply
90,000,000 FLIP
Milestones
- August 31-31, 2023: Token Sale
- September 1-6, 2023: Allocated
- November 23, 2023: Listing
FAQ
Can I participate in the sale without going through KYC?
No, participation in the sale requires completion of KYC/AML (Know Your Customer/Anti-Money Laundering) checks for all participants.
How do I fund my purchase?
We will display payment information when you complete your registration for the Token Sale. Eligible purchasers can pay with Tether (“USDT”) or USD Coin (“USDC”). Payments made in USDT or USDC will equate to the value of one United States Dollar ("USD") regardless of fluctuations in USDT or USDC. You must also have sufficient ETH in your wallet to cover the Ethereum network gas fees when submitting your transaction. If your wallet does not have enough ETH for gas, your transaction will fail even if you have enough USDT or USDC to fund the purchase.
Please allow a few minutes for transactions to be reflected in the purchase UI after submitting payment.
Sale Structure: How does the First Come First Served sale structure work?
In order to be eligible to participate in a First Come First Served sale, users must fund their CoinList Wallet with the minimum purchase amount in USDC or USDT, as well as pass KYC verification.
Once the sale begins, users will be prompted to submit a purchase request, with a minimum limit set. You cannot submit a purchase request that is larger than the amount of USDC or USDT that you hold in your funding wallet.
Allocations will be selected on a first-come, first-served basis. Any user who submits a purchase after the supply is exhausted will receive their funds back in their CoinList Wallet within 5 business days of the sale’s conclusion.
Sale Structure: How does the "Filling from the Bottom" sale structure work?
Filling up from the bottom maximizes the number of individual participants in a sale while still allowing for participants with more capital to express their demand. Using a water-filling mechanism, allocations are distributed evenly from the bottom up, so each participant receives an equal amount first, before larger allocations are gradually filled. For more information on how it works, see here.
When can I expect to receive my funds back if I do not get an allocation?
Users who are not selected to receive an allocation will receive the funds back to their funding wallet within 5 business days of the sale's conclusion.
Why can’t certain residents and citizens participate?
CoinList is committed to following all applicable regulatory guidelines. As a result, CoinList will not be able to offer tokens for purchase to unsupported jurisdictions found on our Legal page.
You can find jurisdictional eligibility details for each token sale on its deal page.