According to Foresight News, CoinList has announced that it will launch the sale of Chainflip's token, FLIP, on September 1 at 1:00 Beijing time. As per the new rules, CoinList accounts must be filled with the required purchase amount in order to be eligible to complete transactions in community sales. CoinList has prohibited the use of robots, and accounts found using robots to purchase tokens will be banned and may lose funds.

Earlier this year, cross-chain trading platform Chainflip Labs introduced its token economic model in March. The initial supply of its token, FLIP, is 90 million, with an annual inflation rate of 8%. Out of this, 6.9 million FLIP tokens are allocated for token sales.