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    Chainflip

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    ›Chainflip
    Chainflip (FLIP) ICO

    Chainflip FLIP

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    Chainflip is a decentralized protocol that allows cross-chain transfers between different blockchains. Chainflip aims to connect major ecosystems such as Bitcoin, Ethereum, Polkadot, Solana or Cosmos so that users can navigate the growing multi-chain space.

    Details
    The token is traded on the market $0.321 -2.05% #3472 Protocol Coinlist Launchpad
    Trade:   ByBit ByBit Gate.io Gate
    Project Metrics
    Market Cap
    --
    FDV
    $28.85 M
    Circ. Supply -- 0%
    Total Supply 90.00 M
    Volume 24h 730,585 +7.82%

    Back2Crypto Score  Score

    Medium Interest

    Hype
    --
    Risk
    --
    ROI
    --

    Performance FLIP

    1h -0.21%
    24h -2.05%
    7d -20.60%

    Sentiment Bearish

    Fundraising Statistics

    Return on investment
    USD ROI
    0.18x
    FLIP Price
    $0.32 -2.05%
    ICO Price
    $1.83
    Funds Raised
    $24.24 M
    Sold %
    5.00%
    Tokens Sold
    4.50 M

    Investors

    Blockchain Capital Blockchain Capital Tier 1
    Coinbase Coinbase Ventures Tier 1
    Delphi Digital Delphi Digital (Delphi Labs... Tier 1

    All investors and fundraising rounds

    FLIP Converter

    Chainflip (FLIP) ICO FLIPChainflip
    USDUSDCUSD Coin
    Chainflip
    Basic Information
    Ticker
    FLIP
    Blockchain Network
    Ethereum
    ICO Token Price
    1.83 USD
    Available for Token Sale
    5%
    Total Tokens
    4.50 M FLIP
    Role of Token
    Utility
    Official Resources
    • Schedule and Investments
    • News
    • Description

    Short Review Chainflip

    Crypto project Chainflip (FLIP) is classified as a Protocol. Chainflip is a Utility token that is hosted on the Ethereum Network. The current total supply is 4.50 M FLIP (Circulating Supply + Tokens yet to be released - Burned Tokens). (5% of total tokens) have been allocated for the public sale.

    Public sale of tokens will take place on the Coinlist Launchpad. Chainflip (FLIP) price during the token sale: 1.83 USD. Min/Max Personal Cap: 100$ / 8000$. You can purchase project tokens for USDT, USDC

    Tags

    Protocol

    FLIP Price Chart

    Important! All information including our Interest Level rating, is provided merely for informational purposes. Back2Crypto.com does not provide investment advice.

    Fundraising Rounds

    Total sold 4.50 M tokens (5.00% of total tokens). Total amount of funds raised by the Chainflip project is $24.24 M.

    Investment Round Date Price Funds Raised
    Public Sale 31 Aug 2023 $1.83 $8.24 M
    Funding Round May 2022 -- $10.00 M
    Seed Round 19 Aug 2021 -- $6.00 M

    Chainflip Investors

    Blockchain Capital Blockchain Capital Tier 1
    Coinbase Coinbase Ventures Tier 1
    Delphi Digital Delphi Digital (Delphi Labs) Tier 1
    Framework Ventures Framework Ventures Tier 1
    Distributed Global Distributed Global Tier 2
    Hypersphere Ventures Hypersphere Ventures Tier 2
    Mechanism Capital Mechanism Capital Tier 2
    Morningstar Ventures Morningstar Ventures Tier 2
    Pantera Capital Pantera Capital Tier 2
    MetaCartel Ventures --

    Chainflip News

    Chainflip project news in real time.

    Tweets by Chainflip

    Chainflip Cryptocurrency (FLIP)

    Chainflip is a cross-chain decentralized exchange coordinated through its own application-specific blockchain. It is designed with amazing prices, support for both native BTC, EVM and substrate networks, as well as many other types of chains. It also supports cross-network messaging to maximize compatibility with current and future solutions to maximize asset coverage for users.

    Chainflip does not build another bridge. Chainflip takes the best of all current interchain solutions and makes further optimizations unavailable to any of them. Chainflip is at the forefront of a new generation of AMM projects, allowing the protocol to leverage existing on-chain and off-chain spot markets to provide users with a truly revolutionary experience.

    Chainflip Highlights

    150 core validators and a scalable signature algorithm. A truly decentralized network requires a large set of validators to ensure redundancy, security, and censorship protection. Chainflip uses 150 validators per vault, optimizing overall economic security compared to other cross-chain systems. Additionally, Chainflip's use of Schnorr signatures and an innovative signature scheme allows these 150 validators to support multiple assets and multiple parallel signing ceremonies without incurring excessive hardware costs.

    New JIT AMM design to improve capital efficiency. Chainflip's JIT (Just-In-Time) AMM solves cross-chain issues by minimizing slippage and offering accurate pricing. It efficiently leverages liquidity for large trades, acting as a decentralized aggregator across all markets. This makes Chainflip akin to an open and transparent decentralized over-the-counter service, often outperforming other cross-chain services on price.

    Generalized interconnectivity. Chainflip provides users with an unauthorized method to exchange assets between arbitrary chains and networks (L1, L2, etc.) without introducing new wrapped assets, fragmenting liquidity, leaving users with tail risk, or excessive confirmation times.

    Extensive token economy design. Strong token design and well-modeled value capture mechanism. Fees are charged in USD and are used to automatically purchase the FLIP token from AMM. Given enough volume, FLIP, even with incentives, can be a deflationary asset.

    Chainflip Tokenomics (FLIP)

    The FLIP token is the upcoming ERC-20 protocol token of the decentralized exchange Chainflip. Although Chainflip has its own blockchain, the multi-chain nature of the project allows the FLIP token to be listed on Ethereum for ease of use and adoption. Staking performed on the Ethereum State Chain Gateway contract loads these tokens into the Chainflip state chain for use in the application chain environment.

    Utilities of the FLIP Token

    The primary utility of the FLIP Token lies in its role as collateral for Validator auctions. Validators require large stakes to economically secure funds in the system and securely manage storage and accounting logic, receive block reward rewards, and maintain the Chainflip state chain.

    The rewards that validators earn are offset by the DEX automatically converting network fees collected in USD into FLIP and then automatically burning them into the protocol. This is done without having to purchase FLIP yourself. This deflation mechanism helps ensure the security and throughput of the protocol.

    FLIP is also required as gas to provide liquidity and other services for processing instructions on the decentralized exchange protocol. All transaction fees on State-Chain are forfeited.

    FLIP Token Release Schedule

    This release schedule shows the expected distribution of token unlocks within 36 months of token launch . Please note that this is an estimate based on date estimates and may be affected by changed dates and other events.

    Road map

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