What is CHML?
CHML is the native token of the Chameleon Network with a fixed supply of 100 million. It serves multiple functions:
- Staking: Validators (V-Nodes/P-Nodes) must stake CHML to participate in consensus and earn rewards.
- Transaction Fees: CHML is used to pay network fees (e.g., for transactions and shielding/unshielding).
- Governance: CHML holders can vote on network proposals (e.g., roadmap decisions, feature prioritization).
- Liquidity Mining: Incentivize liquidity providers on pDEX with CHML rewards.
CHML Tokenomics Overview
- Total Supply: 100,000,000 CHML (fixed supply, no inflation).
- The total supply is capped to create scarcity and preserve value over time.
- No additional minting will occur after the initial supply is distributed.
Token Allocation
1) Community Airdrop (5%): 5,000,000 CHML
Distribution:
- 4% (4,000,000 CHML): Reserved for Pre-Alpha community supporters.
- 1% (1,000,000 CHML): Allocated for early beta testers and community supporters.
2) Presale (20%): 20,000,000 CHML
Purpose: Raise funds to support Chameleon’s development.
- Round 1: $0.45 per CHML, unlock in phases.
- Round 2: $0.60 per CHML, unlock in phases.
3) Reward Pool (65%): 65,000,000 CHML
Purpose: Power the Chameleon network by providing incentives for participation.
- Validator Rewards: 45.5M CHML (70% of Rewards Pool).
- Liquidity Provider Rewards: 19.5M CHML (30% of Rewards Pool).
4) Initial Liquidity Pool (2%): 2,000,000 CHML
Purpose: Support liquidity needs and enable trading before the Chameleon mainnet launch.
Additionally, establish liquidity pairs for CHML tokens on the pDEX upon mainnet launch.
5) Staking Infrastructure (5%): 5,000,000 CHML
Purpose: Support fixed/highway node infrastructure for network sustainability.
6) Ecosystem Development (3%): 3,000,000 CHML
Purpose: Incentivize community developers and support open-source collaboration.