CHAIR Token Design

CHAIR’s platform token is BNCH. Its issuance is 70 million. As the platform utility token, BNCH holders are entitled to in-depth participation in the governance and future development of the CHAIR platform. BNCH can also be used toward the purchase of commodities and services on the CHAIR platform. All BNCH holders are entitled to share the revenue generated from CHAIR's development.

We have decided that there will be no private placement for CHAIR’s platform tokens BNCH. All BNCH will be distributed to CHAIR backers by NFT purchases.

The first batch of utility NFTs for sale:
Total sale amount 3.5 million tokens, accounting for 5% of the total BNCH amount. The first batch is divided into two rounds: Total sale amount of the first round is 1.4 million tokens, accounting for 2%; Total sale amount of the second round is 2.1 million tokens, accounting for 3%. Priority to airdrop(s),Priority to platform governance, development and voting rights.

The second batch of utility NFTs for sale:
Total sale amount 5.6 million tokens, accounting for 8% of the total BNCH amount. Each NFT represents the corresponding tokenized rights and benefits proportional to the USDT amount paid. These 5.6 million BNCH tokens are to be released evenly over  5 quarters. Priority to airdrop(s),Priority to platform governance, development and voting rights.

For the developer:
7 million BNCH tokens, accounting for 10% of the total BNCH amount. These 7 million tokens will be released evenly over 14 quarters.

The first batch of utility NFTs for sale

5

The second batch of utility NFTs for sale

8

Team

10

Mining

50

Ecosystem construction

15

Future development and risk reserves

12
Chair BYP Program

Metaverse of CHAIR

Key people

Meet our team

People behind our success

Jieren Chen

Co-founder,CTO

Jieren is in charge of CHAIR’s R&D. He is a technologist with over 12 years of experience in building large scale, sophisticated data systems. He was the project leader at several FinTech companies including Stripe. He also built SourceScape, a query engine for source code.

Darren Chu

Co-founder,CIO

Darren Chu, is the CIO of CHAIR.Finance, overseeing CHAIR’s investment and KOL strategy. A thought leader in financial markets, he publishes daily technical analysis on commodity and index futures, as well as FX. Darren also writes a weekly piece highlighting big picture moves in leading crypto markets as well as traditional market adoption of crypto. Each month, roughly 400 hedge funds, banks, and corporates download Darren's analysis through Bloomberg, Refinitiv, and Factset. Previously, Darren was the country representative for Australia, India, and UAE for NYSE Liffe, promoting futures and options trading to hedge funds, banks, proprietary trading groups and commodity firms. He also worked for the TMX Group / Montréal Exchange marketing options and futures. With CMC Markets, Darren headed up education and market analysis on spot FX and CFD trading, and formed the Chinese marketing and sales team.



CHAIR Project Roadmap

  • The 4th quarter of 2020

    Project planning and business model construction,Writing of White Paper,Build up the team.

  • First two quarters of 2021

    Acquire cornerstone investment from Weiz Enterprises which is based in Silicon Valley, Richard Wang, partner with Coinbase investment agency, and Polygon (formerly Matic Network).
    Complete the overall construction of the technical architecture.
    Complete the security audit by Certik.
    Start publicity in the community. Hold over 10 AMA sessions and at least 30 community activities. Reach collaboration with over 30 KOLs. Be active on over 20 media platforms.
    Over 40,000 active users.

  • The third and fourth quarters of 2021

    Received a grant and ecological support from Polygon.
    Launch Chinese community.
    Sale of Privileged NFTs.
    Realize of the minting, auction and trading functions of NFT. Various functional sections of the platform will be improved (including INOs of projects, computing power NFT, the KOL rights & benefits etc.)

    Official launch of INO.
    BNCH will be listed on the decentralized exchange.
    Liquidity mining lasts for 2 months and then switch to auction mining.
    Preparations for the BYP program begins in the fourth quarter.
  • The first two quarters of 2022

    BYP program will be officially launched. Realizing stellar system auctions, planet construction, user entry, and opening the game section. Interstellar energy mining will be started.
    Overall ecosystem construction will be completed, paving the way for the creation of the entrance to the Metaverse.

  • The third and fourth quarters of 2022

    With the advanced development of the cross-chain technology, the third phase will make it to become an entrance to the Metaverse. The BYP program will present rich application scenarios: content output, community Q&A, circulation of financial assets, display of digital art, etc. With only one address, someone will have access to all Dapps on Chair.

Chair Token(BNCH):0x42550289ea1fdcb18840434178e476a0ffc5fc25

Chair NFT Token(BNFT):0x3f6e4fa82fb5ab9e4153b725236e7a2daad9744c

Other address: Coming soon

The query address of the Polygon(Matic):https://polygonscan.com/

The query address of the BSC:https://bscscan.com/

BNCH aims to reward active users who contribute to the construction and operation of CHAIR. The platform will utilize the decentralized autonomous organization (DAO) to achieve full self-governance as the platform’s user base and market share keeps increasing.

Behavioral rights NFT: Warren Buffett could mint an NFT token for his annual ‘Power Lunch’. The NFT can then be auctioned or traded on CHAIR. The holder of this NFT will have the right to lunch with Warren Buffett.

Token rights NFT: Jack participated in the Telegram initial coin offering. He could tokenize his locked position to sell or auction it. CHAIR allows users to release their locked profits in advance. CHAIR allows users to tokenize their liquid position to promote its circulation and release their locked profits in advance.

Investment interest NFT: The investment company discovers and invests in high-quality projects. The investment company tokenizes the private placement quota for the projects. Buyers of the investment interest NFT will obtain the private placement quota for the upcoming projects. Holders of the investment company’s NFT will in effect become a limited partner of the investment company.

BNCH aims to reward active users who contribute to the construction and operation of CHAIR. The platform will utilize the decentralized autonomous organization (DAO) to achieve full self-governance as the platform’s user base and market share keeps increasing.

Behavioral rights NFT: Warren Buffett could mint an NFT token for his annual ‘Power Lunch’. The NFT can then be auctioned or traded on CHAIR. The holder of this NFT will have the right to lunch with Warren Buffett.

Token rights NFT: Jack participated in the Telegram initial coin offering. He could tokenize his locked position to sell or auction it. CHAIR allows users to release their locked profits in advance. CHAIR allows users to tokenize their liquid position to promote its circulation and release their locked profits in advance.

Investment interest NFT: The investment company discovers and invests in high-quality projects. The investment company tokenizes the private placement quota for the projects. Buyers of the investment interest NFT will obtain the private placement quota for the upcoming projects. Holders of the investment company’s NFT will in effect become a limited partner of the investment company.

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Partners


Polygon
Weiz enterprises
UB CAPTITAL
VIOVI FUTURE
Bit-Z
CRYPTO VENTURE CAPITAL
LeekDao
Certik
ONTO
Imtoken
Lucidblue ventures
Huazhong Capital