💡How it works?
Game fees and distribution
Last updated
Game fees and distribution
Last updated
Every amount of $200 and over in total game fees is automatically sent to the Buyback contract which buys back the $FLIP token and automatically burns half and the other half is sent to the Treasury.
Once $FLIP is launched the funds are used to buyback $FLIP for our Staking pools to share it with our community.
Treasury wallet address: 0x4A0eE640239741EAd1f051C4acf784722C9989Ed
FLIPPIN was designed with economic sustainability in mind and aims to create an ecosystem that self-sustains.
FLIPPIN utility is the economic engine that powers the $FLIP token.
As a member and stakeholder losing is not really losing.
When you lose in a game the 10% game fee is used to buyback the $FLIP token. You, as a project stakeholder, by holding the token will get a return proportional to the amount of token you have as the system is automatically using the game fees to buyback and burn the token. This means not only a small part of what you lost returns to you but also a small part from each game played by each member is returned to each member proportional to their stake.
