Chainflip announces full launch of protocol and introduction of token FLIP destruction mechanism

According to BlockBeats news, on March 11, Chainflip Labs announced that its protocol is fully online, and users can now exchange native BTC, ETH, and DOT on the chain without restrictions at the most competitive exchange rates. In addition, Chainflip Labs also introduced a FLIP purchase and destruction mechanism. In this update, Chainflip Labs has activated the FLIP purchase and destruction mechanism. Each exchange through the protocol deducts a 0.1% fee for the purchase and destruction of FLIP tokens. As transaction volume increases through the protocol, more FLIP will be burned. Chainflip Labs also revealed that new features will be launched in the future to further improve exchange rates, including a detailed agent information panel, as well as the integration of new assets and chains. Assets and chains that will be integrated in the near future include USDT, Solana, and Arbitrum.