How It Works
Last updated
Last updated
The Flippening game occurs in the Flippening Observatory.
The game relies on a decentralized network of Chainlink oracles to reliably determine the difference in marketcaps of BTC & ETH.
The market cap ratio, calculated via the chainlink feeds, is used in two situtations: A. When the flippening occured. In which case any user can call the "Flip" function, finalizing that the flippening has occured. B. Whenever minting a game ticket - The market cap of BTC is divided by the market cap of ETH to calculate a marketCapRatio parameter. The higher the marketCapRatio - the less weight the ticket will get in the rewards distribution in case it won. This mechanism incentivies predicting early on when will the flippening happen, instead of waiting for the ratio to be higher. When the flippening occurs, the pool funds will be distributed to tickets owners who were closest in their prediction - all tickets that got the timing right within a radius of 1 week will share the pool.
The pool will be distributed to winners pro-rata, based on their ticket strength. The Strength of all tickets depends on the ticket amount and the 4 multipliers
