ADA Distribution

We recognize the significance of transparency in this matter. Here’s a breakdown of our plan, illustrating where the funds will be allocated:

Compliance (35%):Thirty-five percent (35%) of the funds will help us attain our license, complete business registration, and have our smart contract audited. Our team has decided to register our business in the jurisdiction of the British Virgin Islands and obtain our license in Anjouan, a process that takes approximately 6 to 8 weeks. We chose Anjouan due to its extensive coverage of various gambling activities, cost-effectiveness compared to alternative jurisdictions, acceptance of cryptocurrency payments, lower tax implications, and simplified regulatory procedures.

Additionally, we recently completed our smart contract audit with Vacuumlabs. This contract operates exclusively with ADA. However, we are developing another smart contract to handle CNT, as well as additional smart contracts for different blockchains.

Development (28.5%): This allocation will enable us to enhance our platform by improving the web design, adding more games, and developing additional open-source smart contracts. It will also allow us to develop our own non-custodial staking platform, where users can stake their NFTs and CHIP tokens to earn rewards.

Liquidity Pool (12.5%): We will provide liquidity on the open market, enabling people to trade $CHIP.

House Pot (9%): Will be provided on our platform, allowing users to place bets on any games available upon the mainnet release.

Team (8%): This section will be used for staff/administrative purposes, including the onboarding of a Community Manager, Discord Moderators, and platform support personnel.

Investment (7%): This percentage will help us secure investments aimed at generating additional profits, which will subsequently be distributed to holders of the CHIP Investment Pass. Further details will follow once the date is confirmed.