Revenue generated from game fees, NFT sales, and custom partnership competitions are sent to the protocol's treasury. Half of this revenue is used to buy-back & burn and the other half is used for new developments such as FLIP Launchpad and seed capital for in-house member-owned projects.
Flippin as game provider takes 10% game fees on all PvP games. For our PvP chance based games, Flippin acts as a game provider and ensures that all games are fair and competitive, utilizing blockchain and cryptography to ensure transparency and fairness.
In addition to game fees, Flippin also generates revenue from other sources such as Member Pass NFTs, Member Pass NFT Royalties, Co-branded Competitions, and Launchpad Projects.
Flippin's Partnership/Co-branded Competitions offer a unique revenue stream in the form of Partner NFTs or project tokens. These assets are then locked in the FLIP Treasury as a commitment to supporting the projects with which the platform partners. Over time, the FLIP Treasury will become a valuable asset with various assets contributing to its value.
As Flippin continues to grow and expand, its Treasury will become a source of strength for the platform, allowing it to continue to offer innovative gaming experiences while also supporting other projects in the space.
All game fees collected are sent to a buyback contract, which utilizes half of the funds to buy back $FLIP tokens and burn them. The other half is sent to the Polygon Treasury in the form of stablecoins USDC/USDT/BUSD. The ratio is subject to DAO vote, but initially is set at 50/50. This process ensures that the platform remains financially sustainable, while also benefiting token holders by reducing the total supply of $FLIP tokens in circulation.
