Tokenomics & Utility
What is the $Chilli Token?
$Chilli is the utility token of the CoChilli platform. These tokens are used to distribute rewards to platform users through various avenues.
Token utility
The use cases of the $Chilli token are the following:
Real yield staking: Staking Chilli gives you a % of the revenue of the protocol in USDC ( when the bet is placed in USDC )
Modular staking: Staking Chilli gives you a % of revenue converted to Chilli ( when the bet is placed in a token of our partners )
Deflationary mechanism: Every % of revenue burns $Chilli tokens ( When a bet is placed in Chilli tokens )
Increased payout: Holders of the $Chilli token will be rewarded with higher payouts
Lottery: Every lost bet gives you lottery units so you have chances to win daily prizes
Token Supply
The $Chilli total supply = 16,000,000
Initial circulating supply at TGE = 1,304,000
Supply after 12m = 8,480,667
$Chilli Token distribution
| Token Distribution | % of supply | Number of Tokens |
|---|---|---|
Seed | 14% | 2,240,000 |
Private | 12% | 1,920,000 |
IDO | 9% | 1,440,000 |
Liquidity Pool | 10% | 1,600,000 |
Team | 20% | 3,200,000 |
House rewards | 10% | 1,600,000 |
Marketing | 10% | 1,600,000 |
Operations | 10% | 1,600,000 |
Liquidity house | 5% | 800,000 |
Total | 100% | 16,000,000 |
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