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:

License, Registration & Audit (35%): Our smart contract will undergo an audit to ensure the security of our platform users. Additionally, we intend to register our company within the jurisdiction of the British Virgin Islands. The establishment process is expected to take 12 to 16 working days, following which we will proceed to obtain our license in Anjouan. This latter step is estimated to require approximately 4 to 6 weeks. Our decision to choose Anjouan is based on its extensive coverage of various gambling activities, cost-effectiveness compared to alternative jurisdictions, acceptance of cryptocurrency payments, lower tax implications, and simplified regulatory procedures.

Platform Enhancement and additional games (27%): We are planning to onboard a full-time full-stack developer who is proficient in building smart contracts on Cardano and other blockchain platforms, which will be a valuable addition to our team. Additionally, we will be developing our own staking platform where users can stake their NFTs and $CHIP tokens to earn HER and other fungible tokens. Furthermore, we are working on creating exclusive games that can only be accessed using $CHIP, offering players the chance to win a variety of prizes.

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

House Pot (10.5%): Will be provided on our platform, allowing users to place bets on any games available upon the mainnet release.

Team (8%): This portion will be utilized for staff/administrative purposes, onboarding Community Manager, Discord Moderators, and platform support personnel. Additionally, it will serve as a basis for marketing the platform and brand.

Investment (7%): We will introduce the $CHIP Investment Pass and it will be minted using $CHIP, offering a 75% share in investment profits. This exclusive pass not only grants voting rights on allocating 7% of presale funds but also comes with varying levels of rarity. All High Rollers will receive a complimentary investment pass. More information will be shared after the mint of the $CHIP token.