FREQUENTLY ASKED QUESTIONS

The Basics

What is Chainflip?

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Where can I get more information about Chainflip?

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Where should I start with Chainflip?

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What problem are you solving?

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How does it work?

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What blockchain is the protocol built on?

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Competitors

What are the advantages of Chainflip compared with other DEXs?

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Who are your competitors?

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How are you different to THORchain?

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The token

Will there be a token?

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Has your token launched? If not, when?

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Will there be a public sale?

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What is the total number of tokens?

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Will FLIP be an ERC-20 token?

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What is the utility of the token?

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Do I need FLIP tokens to use Chainflip?

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Staking & Liquidity

How can I become a validator?

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Who are the liquidity providers?

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How can I become a liquidity provider?

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Will there be a liquidity mining program?

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Misc.

What blockchains will Chainflip support?

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Will the Chainflip team require a protocol audit before launch?

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When are you launching?

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How long will the user wait to receive their new coins? How fast is the Chainflip network?

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Will Chainflip need to validate the identity of the user?

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What fees will the user be expected to pay?

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What is the Chainflip Network Fee?

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How will FLIP tokens be distributed in the future?

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Will users be able to stake FLIP tokens if being a Validator is not an option?

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How are asset prices determined on Chainflip?

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I heard something about an Airdrop?

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If you have further questions, feel free to jump straight into the Community Discord or Telegram and ask away.