Chamcha(CHAX) Startup Free Offering on Gate.io

Gate.io Startup will launch its next project, Chamcha (CHAX), on December 24th, 2023 at 08:00 AM (UTC).

Startup Link: https://www.gate.io/startup

Introduction to Chamcha (CHAX)：

CHAX is the exclusive token of the Chamcha platform, serving as the infrastructure for various Ordinals asset transactions within the Bitcoin ecosystem. With the Mutil Bridge technology, CHAX supports cross-chain operations between BRC and ERC and integrates the Lightning Network. The platform introduces a burning mechanism, regularly disclosing the amount burned, with the burning rate accelerating as the number of participants increases, aiming to maintain a relatively high CHAX price. The launch of the staking pool provides additional earning opportunities for CHAX holders, with approximately 2% of the circulating supply already staked. AI Yield Farming, utilizing AI models, helps select the most promising BRC20 assets, enabling CHAX participants to generate more income. In the future, the project plans to support Rollup L2 technology, and with ongoing development, various applications will gradually be implemented.

(The information below is provided by the Chamcha (CHAX) team. Please follow the website for more information）

Token Information
Token name: Chamcha
Token symbol: CHAX
Max Supply: 2,100,000,000 CHAX
Token Type: BRC-20
Token Contract:
https://unisat.io/brc20/chax

Token Distribution and Unlocked Rules:
*Public Donation：68%
TGE: 100%

*Ecosystem Growth：12%
TGE: 100%

*Staking Rewards：10%
Distributed via yield farming and other liquidity incentivization schemes

*Liquidity Reserve：10%
TGE: 100%

Website: https://chamcha.io/
Whitepaper:https://docs.chamcha.io/chamcha/project/overview
Token Information:
https://unisat.io/brc20/chax

Chamcha (CHAX)Startup Sale Rules

(1) Duration: 08:00 AM on December 24th - 08:00 AM on December 25th (UTC), 2023 Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 12:00 PM on December 25th (UTC), 2023
(3) Price: $0; Startup Supply: 6,321,113 CHAX
(4) Unlocking Rule: 100% Unlock
(5) Startup Participation Rules:
Each user can only purchase once with KYC account.
a) Startup Participation Rules for VIP Users:
1.For Airdrop Projects, the system will no longer verify the VIP Users’ assets adequacy, instead, the system will verify the Users’ VIP Level. The actual shares each VIP User received will be determined based on the actual VIP Level at the time of token distribution.
2.Purchase limit: The maximum contribution limit for a single user is 1500 shares. The VIP Users’ existing subscription share rules remain unchanged and can get 100% airdrops. The higher the VIP level, the more Startup airdrop shares can be subscribed.
The relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892
b) Startup Participation Rules for Non-VIP Users (VIP 0 Users):
Spot assets not less than 10 USD, after participating in the subscription, whether the Non-VIP Users win or not will be announced at the end of the project subscription.
A portion of lucky Non-VIP Users will be randomly selected and the airdrop amount will be evenly distributed.
Non-VIP users who use Startup vouchers to join the subscription will have their Voucher benefits prioritized. Startup vouchers guarantee a 100% corresponding share, the specific subscription rules can be found at https://www.gate.io/article/31899
(6) Announcement of results: After the end of the day’s subscription, the system will count all eligible subscription orders.
VIP users will be distributed according to the ratio of the individually subscripted tokens to the total subscripted tokens.
Non-VIP users will be randomly selected as part of the lucky Non-VIP users and the airdrop quota will be distributed equally. The subscription results will be announced before listing.
(7) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behaviour, and any cheating behaviour is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.

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