Chipstars has decided to introduce new and innovative ideas to enhance the overall ecosystem, including a new token and innovative staking system.
These new updates are poised to truly transform our project and take us a step further to drive player participation and involvement in our poker games.
$SHARK Token Overview
We’re bringing in a brand new meme coin called the $SHARK token to spice things up. It was designed to represent the strongest poker players (best known as Sharks) within the game — those who are most feared and well-respected.
It will serve as its own individual currency, and each player can participate in the ecosystem through farming $SHARK tokens. By playing poker on the Chipstars platform, users will earn a portion of the rake, which will be paid out in $SHARK tokens.
The value of $SHARK is derived from its tokenomics — we’ll buy back tokens to provide rewards to users if there’s an overload of players on the platform.
More details on the token metrics are below for reference:
- Ticker Symbol: $SHARK
- Total Supply: 490 trillion
- Initial Market Cap: 85% Fairlaunch Pancakeswap Liquidity
- 11% Chipstars Plattform Liquidity*
- 3% Marketing & Liquidity Reserve other DEX / CEX
- 1% Chihua Meme Launcher (50% to DuckDAO for FarmDrop and 50% TipJar Chihuatoken.com)
- Chipstars will start buyback Sharks from the market to keep the platform liquid anytime
The $SHARK token will coexist with $CHIPS, our platform’s native token that helps power the overall ecosystem. $CHIPS can be used for platform benefits, earning rewards, and participating without playing poker.
Innovative Staking System
Users will be able to receive rewards in $SHARK tokens through holding $CHIPS in their wallets, with no counterparty risk whatsoever. It’s a seamless and easy process that doesn’t require any extra effort other than simply holding the actual token.
We’ll also offer multipliers where users can earn more when staking $CHIPS or holding liquidity provider tokens in our popular liquidity pools. Additionally, players will be able to earn an extra 5–10% bonus for holding $EBOX, $DDIM, or $CHIHUA tokens in their wallets.
More specific information will be released within the next week, so stay tuned!
About Chipstars
Chipstars is an online poker platform leveraging blockchain technology to revolutionize casino gaming by introducing new revenue streams to users. By creating a unique and innovative platform, fair gameplay model, and incentive-based system, we make the experience fun while putting opportunities in the palm of your hands.
Players have access to all of the very best poker games, including cash games, tournaments, sit & go’s, spins, and more.
$CHIPS serves as our governance token, helping facilitate and manage the overall Chipstars ecosystem. It serves as the gatekeeper for entering into tournaments, accessing rakes, renting your own table, and earning passive income for being a liquidity provider.
To learn more about our project, follow us on our website and social media channels. We welcome everybody to join and become part of the wonderful world of blockchain casino playing:
