Buy, Sell, and Trade Chainlip (FLIP) on CoinList

Trading Nov 23, 2023

We’re excited to announce that Chainflip (FLIP) is now available for trading on CoinList and CoinList Pro on Day 1 of Chainflip’s mainnet launch!

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The efficient cross-chain swapping protocol

Chainflip has a bold mission: to displace the centralized exchange.

Instead of creating yet another bridge, Chainflip sets itself apart by integrating the finest aspects of existing cross-chain solutions while introducing unique optimizations currently absent in any other platform. By doing so, the protocol empowers Chainflip to capitalize on both on and off-chain spot markets, support for new blockchain types, and offer users an unparalleled and game-changing experience.

Chainflip's JIT (Just-In-Time) AMM design tackles cross-chain challenges by minimizing slippage and offering precise pricing. It efficiently uses liquidity for large trades, acting as a decentralized aggregator across all markets. This makes Chainflip akin to an open and transparent decentralized OTC service, often beating other cross-chain services on price.

FLIP token utility

The FLIP token itself is the protocol token which drives the security of the Chainflip State Chain and the liquidity stored by the Validators. To fund this security, a network fee is charged to swappers and the proceeds are converted to FLIP and removed from circulation. In addition, FLIP is used to pay for extrinsic on the State Chain, which includes liquidity updates, deposit channel operations, and many more. Chainflip runs on Appchain architecture, but the native token is issued as an ERC20 token on Ethereum.

If you have any support-related questions, please submit a ticket here or DM us on Twitter at @CoinListSupport.

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Legal Notice

*FLIP trading is not available to citizens and/or residents of the U.S., Canada and other unsupported jurisdictions. For more information on unsupported jurisdictions see here.

This blog post is being distributed by CoinList Global Services Ltd., dba “CoinList,” or one of its subsidiaries.  CoinList does not provide—and this post shall not be construed as—investment, legal or tax advice. This blog post and use of the CoinList website is subject to certain disclosures, restrictions and risks, available here.

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