Chainflip Community Sale Drives 5,000 New Token Holders Across 115 Countries

We’re excited to announce that the Chainflip Community Sale on CoinList has added more than 5,000 unique new token holders to the Chainflip community, with over $3.8M in FLIP tokens purchased throughout the course of the initial sale and additional allocation requests.

This sale was one of the most geographically diverse sales in the history of CoinList, attracting purchasers from 115 countries. No country represented more than ~11% or purchasers, further adding to the global demand for Chainflip’s cross-chain swapping protocol and jointly enhancing the Chainflip network’s decentralization.

A breakdown of purchasers by country of residence. The top 5 countries include Russia, Argentina, Singapore, Switzerland, and Turkey.

The Chainflip team looks forward to successfully distributing 100% of the purchased tokens to their community on mainnet launch, currently expected on or around October 24, 2023.

Chainflip: 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.

Using Chainflip’s Just-in-Time Automated Market Maker (“JIT AMM”), users are able to swap assets between chains without having to wrap tokens, use a traditional cross-chain bridge, or go through a centralized exchange. The JIT AMM accesses liquidity from its connected chains and partner aggregators to empower users with accurate, competitive prices and low fees on spot trades.

To learn more about Chainflip, check out our deep dive or visit their website here »

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