Tokenomics & Utility
Last updated
Last updated
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