Every day, a new round opens on Flip Hop. The rules are simple, transparent, and recorded on the blockchain. This guide covers everything — from how to enter to how payouts are distributed.
What Is a Round?
A round is a 24-hour participation window that closes every day at 00:00 UTC. During the window, eligible users can purchase tickets in USDC (1 USDC ≈ $1) to join that day’s round. After the window closes, a winner is selected and payouts are distributed according to the platform rules.
The Round Lifecycle
1. The Window Opens
Each round runs for 24 hours. Tickets purchased during this window are counted toward that round. Tickets purchased after 00:00 UTC go toward the next round.
2. Users Buy Tickets
Each ticket costs 5 USDC (5 USDC ≈ $5). There is no fixed limit — users can buy one or more tickets. Each additional ticket increases their participation weight proportionally in that round.
3. The Round Closes at 00:00 UTC
Once the window closes, no new tickets are counted for that round. The pool is calculated based on the net daily value: total ticket purchases minus affiliate commissions paid out.
4. Minimum Participants Check
A round requires at least 5 unique wallets to proceed. If fewer than 5 wallets have participated, no winner is selected — and 100% of the net value rolls over to the next round’s pool.
5. Winner Selection and Payout Distribution
If the minimum is met, the payout is distributed as follows:
- 60% — available for the selected winner to claim
- 30% — allocated to the platform
- 10% — rolled over to the next round
6. The Winner Claims the Payout
Payouts are not sent automatically. The selected winner must go to their dashboard and click “Claim payout.” The USDC is then sent directly to their Balance (wallet). There is no claim expiry.
What Makes Rounds Transparent?
Flip Hop is built on the Base network. Smart contract logic, round activity, and payout records are all on-chain — meaning they are publicly visible and independently verifiable through the blockchain explorer. Anyone can check the smart contract and transaction history at any time.
Quick Reference
- Ticket price: $5
- Round closes: 00:00 UTC daily
- Minimum participants: 5 unique wallets
- Winner share: 60% of net pool
- Treasury: 30% of net pool
- Rollover: 10% to next round
- Claim expiry: none