Chainflip (FLIP)

Chainflip (FLIP)

Coin Information

Blockchain icon Blockchain: Chainflip
Ticker icon Ticker: FLIP
Type icon Type: Cryptocurrency

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Chainflip Price Chart

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About Chainflip

Chainflip is an efficient cross-chain swapping protocol with the ticker FLIP. It allows users to swap assets seamlessly across blockchains with extremely low slippage. Unlike other protocols, Chainflip eliminates the need for wrapped tokens to swap across chains, making the process more straightforward and efficient. It also provides native support for major assets like Bitcoin and application-specific chains, expanding user possibilities.

One of the standout features of Chainflip is its novel AMM design called Just In Time Liquidity (JIT AMM). This design addresses the challenges of cross-chain swaps by offering minimal slippage, accurate pricing, and high liquidity for various trading pairs. This protocol ensures extreme capital efficiency and allows users to get low slippage even for large swaps. Additionally, market participants can provide liquidity with assets in their standard form without bridging.

Chainflip is powered by $FLIP, a token that drives the protocol’s decentralized and trustless ecosystem. $FLIP has multiple functions, including securing the protocol through validator network auctions, being used as collateral, and governing the protocol. The value capture mechanism of Chainflip utilizes network fees to buy and burn $FLIP tokens, benefiting all token holders. Initially issued on Ethereum, $FLIP is collateral for the Chainflip State Chain while ensuring composability and adoption.

Frequently Asked Questions

We currently have no price information of Chainflip FLIP available.
The circulating supply of Chainflip is unknown
The total supply of Chainflip is unknown.
The max supply of Chainflip is unknown.
Unfortunately the country of Chainflip is unknown.
Chainflip is a cryptocurrency running on its own blockchain.
Chainflip reached an all-time-high of USD on .

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FLIP Markets on Crypto Exchanges

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