Chainflip is a decentralised cross-chain exchange that is managed by its own application-specific blockchain. It is intended to have competitive pricing, support for native BTC, EVM and substrate networks, as well as many more chain types.
Chainflip has received $19.8 million in investment from investors including Coinbase and Pantera Capital. They have confirmed that they would introduce their own token named "FLIP" following the mainnet launch. Early users that perform testnet actions may be eligible for an airdrop when their token is launched.
https://testnet.stakedflip.fi