CHEF Token

As we continue to innovate and expand our platform, we are introducing a new native token: CHEF. This transition reflects the next phase of our project, positioning CHEF as the driving force behind our ecosystem.

Token Swap

This section details the token swap process from the existing INTRO token to the new CHEF token, along with the critical role CHEF will play in our future development.

• Swap Ratio: 1:1 (1 INTRO = 1 CHEF)

• Process: For each INTRO token received by CoinChef, holders will receive 1 CHEF token.

• Eligibility: All current INTRO token holders.

• Token Swap Portal: Click Here

Why We're Transitioning to CHEF

The transition from INTRO to CHEF is more than just a token swap; it marks a pivotal moment in the evolution of our platform. CHEF is crafted to be the foundation of our growing ecosystem, offering enhanced utility and aligning with our vision for a unified and optimized token experience.

Tokenomics

Basic Information

• CHEF Total supply: 1,000,000,000, 1 billion (The same as INTRO token)

• Token Standard: SPL (Solana) (The same as INTRO token)

• Contract address: CHEFTKSZVv6rgUAR8EZVirSVX685HHiEnihvEsdz77LP

Token Distribution

The initial total supply of CHEF is set at 1,000,000,000 (1 billion). Please refer to the token distribution diagrams shown below for detailed information:

Token Utilities

Governance Benefits

• By staking CHEF, holders gain governance rights, allowing them to influence decision-making within the CoinChef ecosystem.

• Staking CHEF also qualifies holders for participation in ChefLBP curation efforts.

• Additional governance functionalities will become available as the project evolves.

Earning Opportunities

• Earnings from CoinChef Products: Stakers of CHEF receive a share of the revenues from various CoinChef offerings, including but not limited to ChefSwap, ChefLBP, CoinChef token deployment, and any future products.

• Staking Rewards: Liquidity providers on ChefSwap will be rewarded with CHEF tokens as extra incentives, and staking CHEF yields more token rewards. The APR increases based on the duration CHEF tokens are locked and includes bonus boosts.

• $CHEF Buybacks: A percentage of fees collected from CoinChef products is allocated to buy back and burn CHEF tokens.

Exclusive Access and Bonuses

• Staker-Only Sales: Stakers of CHEF will have access to exclusive staker-only sales on verified LBPs. These sales will consist of a portion of the remaining tokens from a finished verified LBP at the average trading price with a discount.

• ChefLBP Participation Bonuses: By staking CHEF, holders qualify for bonuses when participating in verified ChefLBPs, with the extra rewards based on the amount of unsold tokens after the conclusion of the LBP.

Disclaimer

• Please note that the designs of CHEF Tokenomics may be subject to changes in the future as the project evolves.

• CoinChef is not a share, ownership stake, or any form of financial interest in the Company, the Distributor, or any affiliated entities, and does not entitle holders to any profits, dividends, or investment returns. It is exclusively for use on the CoinChef platform, providing no rights beyond enabling interactions within the CoinChef Protocol.

• The value of CHEF on secondary markets is not influenced by the CoinChef team's efforts, and there are no mechanisms in place to affect its market price. The primary function of CHEF is to allow holders to vote and engage in the protocol's governance, including decisions on treasury use, rewards, new features, and future directions.

• It's important to note that the community does not legally control the Company or any related entities, nor their assets, with such authority resting solely with the company's governing board.