What Is the Gameflip FLIP Token (FLP) and How to Use It

The FLIP Token (FLP) is Gameflip’s native ERC-20 cryptocurrency built on the Ethereum blockchain. It allows gamers to buy, list, and trade digital items, game keys, and gift cards securely, with full escrow coverage under the Gameflip Guarantee. 

Key FLP Token Specifications & Rules

• Blockchain Standard: ERC-20 token on the Ethereum network.
• External Wallet Support: Compatible with non-custodial ERC-20 wallets (e.g., MetaMask, Trust Wallet, Ledger). FLP can be held in your Gameflip Wallet and, if you choose, transferred to an external ERC-20 compatible wallet.
• Seller Opt-In Required: FLP can only be used on listings where the seller has explicitly enabled FLP or USD + FLP as accepted payment methods.
• Escrow Protection: Transactions paid with FLP receive the same buyer and seller protection under the Gameflip Guarantee as fiat payments.

How to Buy Items Using FLP

1. Find FLP Listings: Look for listings that display prices in FLP or show both USD and FLP as accepted payment methods.
2. Verify Wallet Balance: Make sure you have enough FLP in your wallet to cover the purchase price.
3. Checkout: Complete the purchase in the usual way; payment will be deducted from your FLP balance first (or a mix of FLP and USD if the listing allows both).
4. Finalize Order: Once the seller delivers the item and you verify receipt, confirm the transaction to release the FLP to the seller.

How to Accept FLP as a Seller

1. Click Start Selling to create a new listing.
2. Under the Accept Currency section, select FLP or USD + FLP.
3. Publish your listing.

Upon successful sale and buyer confirmation, earned FLP tokens are deposited directly into your Gameflip FLP Wallet.

Withdrawing FLP to an External Wallet

1. Navigate to Menu > Wallet > FLP Balance.
2. Select Withdraw.
3. Enter your external ERC-20-compatible wallet address (e.g., MetaMask).
4. Confirm the transaction details and gas fee requirements to complete the transfer to the Ethereum blockchain.

Things to keep in mind

• Not all listings accept FLP: If a listing only shows USD, then FLP cannot be used as a payment method.
• Gameflip Guarantee Coverage: Transactions using FLP, like all Gameflip transactions, are protected under the Gameflip Guarantee when all other policy conditions are met.
• FLP Withdrawals: When you transfer FLP out of Gameflip, you’ll need an external wallet (e.g., MetaMask or another ERC-20 compatible wallet) to receive the tokens.

Start using FLP today to trade smarter and take advantage of Gameflip’s growing crypto-enabled marketplace!