CHADPUNKS UPDATED MARCH 2024

4 min readJul 6, 2023

Excitement is building in the Teritori community as the ChadPunks are now ready to kick off their circular economy model. In this article, we will dive into the ChadPunks collection, highlight the incredible utilities, and provide a glimpse into the future by showcasing projected growth in the various wallets that the Chads will be fueling in our circular economy model. Get ready to embark on an exhilarating journey that will reshape the Teritori ecosystem ⛩️ .

Mint Details:

First off, 100% of mint is going into the ChadPunks Wallet and used to generate staking rewards for the holders.

Limited supply of only 1000 pieces, securing your ChadPunk is a chance to own a unique piece of this groundbreaking collection. As an added BONUS, royalties will be 100% put back into the ChadPunks Wallet.

Because that’s what Chads do!

Recap of Utilities:

ChadPunks isn’t just another NFT collection; it is a catalyst for a vibrant circular economy within the Teritori ecosystem. By staking the funds generated from the mint on the AAA validator, ChadPunks actively reduces the circulating supply of $TORI tokens, reinforcing the ecosystem’s strength. This sustainable tokenomics model ensures the perpetual growth and sustainability of the collection. Let’s recap the exceptional utilities that make ChadPunks stand out:

45% of monthly staking rewards will be used to sweep/burn NFT collections denominated in $TORI to support the Teritori ecosystem. (Main focus initially will be ToriPunks and ChadPunks, but the DAO will have a say on which collections to sweep). The innovative sweeping feature not only enhances the value of specific collections but also rewards ChadPunks holders through biweekly draws of those NFTs. This process effectively sweeps Teritori NFTs off the marketplace, contributing to the burning of $TORI tokens and increasing scarcity. It will also move NFTs into strong hands and help grow your personal collections without lifting a finger. As there will be a short time period between selecting the winners of the raffles and distributing the NFTS, the winner is the person holding the Chadpunk at the time when we send the rewards. (If your Chad is listed someone can buy him and receive the rewards).
20% of the monthly staking rewards will be used sweep ToriPunks NFTs and remove them from circulation. With the ToriPunks accumulated in the ChadPunks DAO we will use them to play Russian Roulette and distribute the winnings of that month to a ChadPunk.
15% of the monthly staking rewards will be used to compound back into the ChadPunks Wallet to allow continual growth of the wallet and keep funding the utilities.
20% of monthly staking rewards will be used for the Bar team that will manage the wallets, the bar and the raffles on a weekly basis and help keep it all sustainable. This approach ensures that the team is on the journey with the holders on this adventure.

DAO Creation:

Through the Organizations dApp, ChadPunks holders gain the power to influence the future direction of the collection.
Token-gated groups and decentralized governance mechanisms allow the community to actively participate in decision-making and contribute to the ecosystem’s evolution.
Will be launched when the feature is released soon! More details as we get closer to creating it!

CHADPUNKS WALLET:

You can follow the ChadPunks wallet here for full transparency: https://www.mintscan.io/teritori/address/tori1kxekm829l9y8ae6nketyywx6ncnngy9x3esgqm

Progressive Evolution: Exciting new feature by AAA for NFT rarities!

To add extra excitement and a brand-new dimension to the collection, we have also added Progressive Evolution.
Your odds of winning a raffle increase with the rarity of your NFT. Arithmetic progression is the concept behind it and to make it simple, Rank 1 would have 1000 chances, rank 2 999 chances and so on until rank 1000 having 1 chance of winning.
Base denominator adds to 500500 and example of rarity benefits would be: Rank 1 has 1000/500500 odds vs Rank 1000 having 1/500500.
So the rarer your ChadPunk, the higher the odds of winning! This should stimulate secondary sales which royalties will be all going back into the ChadPunks Wallet continuing it’s growth.

Conclusion:

The ChadPunks is set to ignite a thriving ecosystem with their treasure trove of utilities. By embracing staking, decentralized governance, sweeping, and game development support, ChadPunks paves the way for an exciting future in the world of NFTs.
Secure your ChadPunk today and be a part of this groundbreaking journey on Teritori. 👇

🛒https://app.teritori.com/collection/tori-tori1a8h38nsxu254trpfm0z65mrvguhp544mf9e36670ltm4s89y5wjq7mqevy