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The Flip game is mostly developed as a market simulator for traders. This means the program or app is created to duplicate some or all features of a live market. It allows players to practice buying and selling without taking real financial risks.
Being one of the most popular games built on blockchain, its concept is taken from head or tails. Playing flip a coin can help to pick what cryptocurrency to invest in.
The flip game shouldn't be confused with Gameflip, a marketplace for various games founded by a Silicon Valley venture capital.
It allows users to trade different digital goods. The platform has its in-built currency, Flip token, through transacting digital goods from smart contracts. The total supply of Flip will be capped at 100 million tokens.
Flipping tokens and getting rewards in provably fair crypto gambling becomes possible due to blockchain technology and smart contracts. Game developers use Solidity and other programming languages to make the game secure through hashing. Hashing each server seed prevents anyone from accessing the seed value that defines the results. The server seed is also encrypted from the player during the verification process.
Deciphering a hashed server seed is virtually impossible.
To maximize the number of users, it's important to consider their needs by carrying out market analysis. Tracking data and studying player behavior are essential.
Flip game's ecosystem allows trading bitcoin, eth, and other altcoins without real risks. Thus, players can buy and sell digital goods and get rewards in fiat or in digital assets.
Many believe that blockchain is the future of the gaming industry as it has benefits both for game publishers and players.
Blockchain makes it possible to create smart contracts and ensure betting fairness and security.
Given the fact that the work of decentralized gambling platforms is based on algorithms, there is no way that somebody will control the process of winning or losing. Various platforms, including mobile apps, allow playing using BTC, ETH, and other cryptocurrencies along with fiat money.
Gaming companies can use crypto tokens to reward gamers or allow them to participate in governance, thus connecting players with the game, making the latter more engaging.
While choosing a platform for playing crypto games, reviewing its features and what tokens are supported is essential.