Thread by @Tanaka_L2

Just came across a game-changing project that introduce an innovative concept compared to current #DeFi protocols!

@Chibi_Fi & its #Chibiverse catching my eye today, just want to share some findings

A Thread about $BCARD🧵👇

#arbitrum $BCARD

1⃣ What is it?

@Chibi_Fi is an innovative #DeFi platform that aims to create a #DeFiVerse

It's like combining the best of #DeFi elements with the #Metaverse realm

Alright, this is like robot talking about technical side, right? I’ll ELI5 it for you

🔹@Chibi_Fi is like a magical world called #ChibiVerse, where you can do lots of things with your #Crypto & #NFTs

🔹It's kind of like a mix of the Sims game & Monopoly, where you can play games, hang out with friends & even try to grow your digital money

2⃣ How it works?

🔹The platform's grand #ChibiVerse where users can:

▪️ Interact

▪️ Swap

▪️ Farm

▪️ Harvest

▪️ Enjoy various activities

🔹All while being assisted by #AI-powered #DeFi Consultants to get the most out of your money

🔹This AI can help you find the best places to put your money for the highest returns while also keeping things low risk!

🔹So it's like having your very own financial advisor in this magical world

3⃣ What else?

🔹If you don't want to do anything with your #Crypto & just want to have fun, #ChibiVerse has many other places to explore too!

🔹There are different districts & cities for all kinds of interests & hobbies

🔹For example, there's a district just for:

▪️ Playing games like poker

▪️ Art galleries where you can buy/sell digital art (#NFTs)

▪️ Even karaoke lounges where you can sing with friends & be voted the best singer!

🔹 @Chibi_Fi also lets you join their special club by staking your #crypto in their 'vaults'

🔹Which can help it grow even more & unlocks cool rewards like BLACK CARD tokens ($BCARDs) as a thank you for being an early user

4⃣ Tokenomics

🔹Token supply is capped at 22,222,222 which creates scarcity & potentially increases value over time

🔹Distribution

▪️ IDO: 10%

▪️ Emissions: 50%

▪️ Team: 10%, locked for 2 years

▪️ Treasury: 20%, with 15% locked for 77 weeks & 5% immediately available for liquidity provision & other immediate needs

▪️ Investor & Adviser: 10%, unlocked weekly over 2 years

→ Shows the team's long-term commitment to the project & aligns their incentives with token holders

→ The lock can be extended, giving token holders governance power in the future

🔹Emissions & Halving Schedule

▪️ The $BCARD emission model adopts a halving schedule similar to #Bitcoin

▪️ Creating a predictable & clear supply schedule that investors can understand

▪️ Initially, emissions are adjusted according to the protocol's needs, allowing for flexibility & dynamic growth

▪️ Subsequently, emissions will be reduced by half yearly, creating a sense of urgency & scarcity, which can drive value for token holders

▪️ Initial vault users can mine $BCARD from participating at launch, incentivizing early support for the project & fostering organic growth

🔹Sustainability

▪️ The burn mechanism: 30% of the revenue from protocol fees is used to buy back & burn #BCARD

→ Creates a token sink that reduces the overall supply, potentially increasing the token's value

▪️ The remaining 70% of revenue is divided between token holders & the treasury

→ Ensuring value accrual and reinvestment in the project's growth

▪️ The halving schedule: promotes sustainability by creating a predictable & controlled emission rate

→ potentially driving demand as the emission rate decreases over time

▪️ NFT eligibility feature (Centurion Chibi Club) adds an extra layer of value & utility to the BCARD token

→ Driving interest and demand for BCARD tokens.

5⃣ IDO

🔹Participants can buy $BCARD tokens on CrescentSwap.exchange

🔹Start: May 25th, 2023, at 2 PM UTC

🔹By investing at least 1500 $ARTMS, the top 100 investors will have a chance to receive a Founding Chibi #NFT with special perks for the upcoming ChibiVerse

https://twitter.com/arb_insider_TIG/status/1660504577228288001

🔹After the sale, 75% of the purchased tokens will be available on May 27th, while the remaining 25% will unlock 3 months later

🔹Participants can also earn more $BCARD by depositing LP tokens into auto-compounding vaults starting May 27th at 3 PM UTC

6⃣ Roadmap

🔹Follow their concise roadmap as shown in the picture:

7⃣ Conclusion 🏁

@Chibi_Fi offers a promising investment opportunity with its strong emphasis on sustainable growth, community engagement

Feel like you playing game for fun, or even play to earn

But overall, Chibiverse is exciting & definitely a gem to look into