CoinList announced that the Chainflip (FLIP) token sale will commence on August 31, 2023, at 17:00 UTC and registrations are now open. The total token supply is 4.5 million FLIP (ERC20), with each token priced at $1.83. During the mainnet launch, the tokens will be 100% unlocked. The estimated date for this mainnet launch is around October 24, 2023 (the date is subject to change within 120 days after the sale ends). The initial purchase limit is a minimum of $100 and a maximum of $4,000. Registrations will close on August 28, 2023, at 12:00 UTC.
It is reported that Chainflip is a decentralized, trustless protocol that enables seamless value transfer between any blockchain, including BTC, EVM, and underlying networks.
Earlier, Chainflip Labs announced the completion of a $10 million funding round, with participation from Framework Ventures, Blockchain Capital, and Pantera Capital, in exchange for equity in the company.