The Token

So, you're interested in $FLIP then? You've come to the right place. Here, we'll explore the $FLIP token, its characteristics, and information regarding the supply.

This page will be the source of truth for all questions regarding the $FLIP token, and will always reflect the most recent supply statistics. If a friend (or stranger on Telegram) asks about $FLIP, make sure you point them to this page.

What is it?

The FLIP token is the ERC-20 protocol token of the Chainflip decentralised exchange. Although Chainflip has its own blockchain, the multi-chain nature of the project allows the $FLIP token to be issued on Ethereum for ease of use and adoption. Staking done on the Ethereum State Chain Gateway contract loads those tokens onto the Chainflip State Chain for use in the appchain environment. You can test this out on the Perseverance testnet right now!

What is the utility?

The primary utility of the $FLIP token is used as collateral for Validator auctions. Validators require large stakes, earn rewards from the block reward, and maintain the state chain for Chainflip by jointly controlling the liquidity vaults.

The rewards that Validators earn is offset by the DEX automatically converting the network fees collected in USD into $FLIP and then burning it automatically within the protocol. This is done without the user needing to buy $FLIP themselves. Therefore, even if you don't use the token to stake, there is still potential benefit in holding $FLIP.

$FLIP is also required for Liquidity Provision and Relaying services in order to process instructions on the decentralised exchange. All transaction fees on the State Chain are burned.

You can read more about the value capture mechanism built into the protocol in our docs article, Incentive Design: Emission & Burning.

Where to purchase $FLIP
Chainflip logo
Decentralised ExchangeChainflip
Go to app
Uniswap logo
Decentralised ExchangeUniswap
Go to app
Bybit logo
Centralised ExchangeBybit
Go to app
Gate.io logo
Centralised ExchangeGate.io
Go to app
Defispot logo
Decentralised ExchangeDefispot
Go to app
Kucoin logo
Centralised ExchangeKucoin
Go to app
Crypto.com logo
Centralised ExchangeCrypto.com
Go to app
Coinlist logo
Centralised ExchangeCoinlist
Go to app
Stake your $FLIP
StakedFLIP logo
Liquid StakingStakedFLIP
Unlocking $FLIP liquidity through a secure, transparent, non-custodial Liquid Staking Service for Chainflip.
Go to app
Contract Addresses & Analytics
Etherscan logo
Contract AddressesEtherscan
Go to website
Coinmarketcap logo
Analytics ToolCoinmarketcap
Go to website
Coingecko logo
Analytics ToolCoingecko
Go to website

Token Supply Metrics

Explore and track $FLIP live metrics for a comprehensive and informed overview.Check live metrics on Coingecko
Price
$1.70
Market Cap
$50,056,392
Fully Diluted Valuation
$159,303,939
Total Supply
93,708,199 $FLIP
Supply Type
Elastic
Validator Yield
10%
Emission Cap
8%(non-compounding)
Burning Estimate
0-9%(dependant on volume)

Want learn more about $FLIP?

Read about $FLIP Genesis Supply Distribution, Allocations and Lockups.Read about Tokenomics