A property developer is going to buy one of the neighborhood houses for development. Be the owner of the winning house when the timer ends to win the Flip Bucks ($FLIP) prize.
The aim of the game is to win $FLIP by owning the winning house, or earn $FLIP by flipping your houses for profit.
HouseFlip is a fully-on chain game, which is completely permissionless. User funds are held and managed by the verified on-chain program, which nobody can interfere with, including the developer.
HouseFlip was built by AnAllergyToAnalogy in a 5-day solo-dev challenge. The rationale and dev process is documented on Medium.
Each round starts with a -Loading- countdown, and will extend by -Loading- every time someone flips a house. When the timer reaches 0, one house will be randomly chosen using MagicBlock Verifiable Randomness, and the owner of that house will win the jackpot.
The Jackpot starts at -Loading- $FLIP, which is 2x the cost to buy an unowned house (-Loading- $FLIP).
Every time a house is flipped, its chances of winning double. Ie,
0 flips = 1x Chance to win
1 flip = 2x Chance to win
2 flips = 4x Chance to win
3 flips = 8x Chance to win
Etc.
At any time during the round, you can buy one or more houses. The cost to buy a house doubles each time that house is flipped (bought).
If your house is flipped, you will receive 120% of your $FLIP back (ie, you will make a 20% profit).
The majority of the $FLIP spent to buy a house goes to pay the previous owner, with the rest being divided between the jackpot, and a small amount to the game creator.