💵Token economy

Last updated 2 years ago

💵Token economy

Catkchi

Our utility token, which will be able to be exchanged for products and services in our ecosystem and any ecosystem that accepts the Chia Network CAT1 standard.

With the above scenario clear, we can delve a little deeper by talking about the technology behind Catkchi. Our token is a CAT (Chia Asset Token) which is nothing but a fungible token that works on the decentralized network of Chia (XCH) being equivalent to the ERC20 token of Ethereum. CAT is a standard format for on-chain tokens that can be used for all kinds of activities on the Chia network.

Catkchi will lay all the foundations for the creation of a strong economy, with the help of all the tools that Chia™TK is currently developing. We are one of the first companies to launch a token under the Chia Network and offer it for sale to the entire world with the ambition to achieve great goals.

Technical information

Initial token distribution

In the event that not all tokens are sold. Once the presale is closed, the remaining tokens will be burned.

Treasury

All the funds in Catkchi that the Chia™TK team will use with the commitment to grow this ecosystem will be deposited in the treasury. Treasury funds will come from the revenue sources described above.

Vesting

Our commitment to the ecosystem is long-term, therefore, we decided that the tokens that were reserved for Chia™TK be progressively unlocked as follows:

Staking

We want to reward holders, offering them the chance to win Catkchis, through the following staking system:

Once the staking has started, the tokens will be blocked and cannot be released until the time expires.

Reported APYs are variable and the maximum possible will decrease as the amount of CTK invested increases. This means that: The greater the global amount of CTK invested, the lower the returns.

The minimum amount, per operation, to invest in staking is 300 CTK and the maximum is 500,000 CTK. If someone wants to invest more than 500,000 CTK, they will be able to do so, but in 2 or more operations.

CTK public sale conditions

The second presale will start on 03/20/22 at 14:00 UTC until 04/19/22 at 23:59 UTC The tokens

will be released and can be traded from 05/01/22

Note: The presale has been extended until 04/30/22 23:59 UTC, in order to launch the Ozone Wallet and Heroes of Quatum. The token delivery date was not modified.

* The price presented could change slightly

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