Chirpley IDO Whitelist Slots & More Up For Grabs With Krystal’s Latest Learn & Earn

Krystal Wallet

Published in

Krystal Wallet

4 min readAug 19, 2022

To celebrate our upcoming IDO on KrystalGO, we are giving you more chances to get in on this sale!

Introducing our latest Learn & Earn campaign — participate to win a slot for Chirpley’s IDO and CHRP tokens.

Details

Duration: 19 August to 22 August 2022
Requirements: Complete ALL 5 quiz questions
Prizes available: 50 slots for Chirpley’s IDO and 30 x $25 worth of CHRP tokens

Note: You are only able to win either prize, and not both of them!

If there are more than 80 participants who complete the tasks, a raffle will be conducted to decide the 80 lucky winners.

How does Krystal Learn & Earn work?

Our Learn & Earn campaign consists of 5 quiz questions on Chirpley that will be released on Gleam.

After completing the 3 lessons below, you can head on to our Gleam page to answer 5 simple questions about Chirpley.

Prize Distribution

Winners will be announced within 3 working days after the end of the campaign. The prize distribution schedule will be as follows.

Chirpley IDO Whitelist Slot winners — Complete KYC after winner announcement to participate in the pre-order on August 28, 2022
CHRP tokens winners — Distributed after CHRP TGE

Without further ado, let’s get on with the Learn & Earn campaign!

Part 1: The Project Itself

Chirpley is a platform that aims to connect nano and micro-influencers with brands to ensure the best engagement.

A nanoinfluencer is defined to have between 1,000 to 5,000 followers.

Chirpley acts as a peer-to-peer influencer marketplace, where it uses artificial intelligence, machine learning, and blockchain technology to set up campaigns for brands and liaise with multiple influencers that best suit the brand’s needs.

Campaigns can be created in a matter of minutes, and brands will have access to thousands of influencers who have signed up with the platform.

Question 1: How is a nanoinfluencer defined?

Question 2: What does the Chirpley platform do?

Submit your answers on Gleam here.

Part 2: Token ($CHRP) Utility

Chirpley will be launching the CHRP token on launchpads like KrystalGO, and this will be the utility token of the platform.

For every transaction on the platform, Chirpley will take up to 20% in fees:

Campaign budget from the brand (10% fee in crypto or Euros / 5% fee if paid in CHRP)
Transaction fee when influencers cash out (10% fee)

From this total revenue generated by Chirpley, it will be split into 2 main components:

80% goes back to Chirpley’s ecosystem (for marketing, development and user rewards)
20% will be used for token buybacks (i.e. token burn)

This token burn scheme will make CHRP deflationary as the supply of CHRP tokens will steadily decrease (from the initial 1 billion tokens in circulation).

When a brand makes a payment in fiat or another cryptocurrency, this will be auto-swapped to CHRP.

This results in influencers being paid in CHRP, and they can choose to either withdraw their tokens, or stake them to earn a higher yield.

Question 3: How does the Chirpley platform generate revenue?

Question 4: Why is CHRP considered to be deflationary?

Submit your answers on Gleam here.

Part 3: Partners and Investors

Chirpley has partnered with multiple stakeholders, and here are some of the biggest names:

Gate.io (centralised exchange)
ApeSwap and DODO (decentralised exchanges)
DcentraLab (creates multiple cross-chain decentralised applications like ChainPort and TokensFarm)
7 O’Clock Capital (venture fund)

Here are some of Chirpley’s other partners, including yours truly 😉.