Paul, no, in a fly swap, everyone ties a different unique fly but one that is related to a pre-defined specific use or type such as in this case, one that would be well suited for ice fishing. If you have 8 participants then you end up tying 7 flies of the exact same fly pattern, send them in to the host (Rich), he then divides all the flies up so each participant gets one fly from all the other tiers and then sends everyone back a set of the 7 different flies. This way you get to see other individual's interpretations and will be exposed to new materials and techniques. Oh and when you send in your flies, you also send with them, a self-addressed stamped envelope to make it easier and no expense for the host.
They can be fun, but in one that I participated over on Flytyingforum.com, the host took off with all the flies and never sent any back. I think you can trust Rich, but he does have shifty eyes.