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 supplyNumber 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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