Post
Topic
Board Tokens (Altcoins)
Re: [ANN] [PRESALE] CHIYA-PROJECT | DAO | DeFI | Metaverse
by
ax225
on 27/02/2022, 11:47:02 UTC
Can you please expand on how you are going to prevent the market price for Chiya token from tanking? Your revenue model is based on sales of NFTs that the team creates as well as sale of land, but all in terms of Chiya token of which there is going to be 1 Trillion tokens.

I also note you say "All of our smart contract codes is publicly accessible in  our GitHub. It will be audited after launching.". You should actually do your audits before the token sale to give credibility and also publish the results.

thanks for the question.. i will try my best to answer..yes CHIYA only minted 1 trillion.. the first is every revenue that we get from NFT sales there will be a small amount will be going to reflection pool. By this means the burning address will be getting reflection amount as well.. but what we are focusing is usually NFT transaction from other marketplace platform they will prefer to accept BNB or ETH coins more then their own tokens which we will insist only using CHIYA token only as our currency for all NFT transaction purchase or renting.. this will push our Token transaction volume and 3% to LP will be a big pool to tank.

As for the audit, this is the first smart contract for CHIYA and we don`t want to pay to some cheap audit just to get credibility. But to spend $5k-15k is kinda too much for us at this moment, in future we will do a multi-chain contract because of there is a plan for providing our user to use in-game swap from other token to CHIYA Token, but for sure will audit them for better security purposes just not for a good credit.



Your project is a token running on existing chain, there's a better suited board for that. Please move your topic to the correct board. As for details of your project, one simple question to begin: on what platform are you actually on?

thanks for the board recommendation. I will be available Telegram the most, we communicate with the team thru telegram. u can tag me (@ax225) on our official TG group because there is too many spam on my DM so i will rarely checking them.

Link : t.me/chiyaproject