What is SolChicks (CHICKS)?
SolChicks is a play-to-earn multiplayer online role-playing game (MMORPG) on the Solana chain. The game was launched on September 3, 2021. It quickly gained a massive following across various social sites such as Twitter, Discord, and Telegram. The project held a record initial DEX offering (IDO) on 35 launchpads simultaneously on November 26, 2021.
SolChicks aims to build the leading fantasy NFT player versus player (PvP) and play-to-earn (P2E) crypto gaming ecosystem on the Solana blockchain. The game is built around SolChick NFT collectibles, where players use their SolChicks as their characters in a unique gaming metaverse.
The gameplay follows two main gaming modes. The first is Player VS Enemy (PVE), where SolChicks fight the monsters as players try to achieve various goals, such as finding treasure. The second mode is Player VS Player (PVP), where you can battle with other players by completing set objectives. Winners are rewarded with a loot box containing SHARD, SolCoins (an in-game asset for SolChicks), equipment, and other game items. You can also use Exploration mode, in which you can deviate from the linear storyline and farm for rare items.
SolChicks has two native tokens: CHICKS and SHARDS. CHICKS is the governance token. You can acquire the tokens by ranking on the leaderboard. You can also earn the token through staking, yield farming, or by buying. The token is based on the Solana blockchain. The CHICKS price is available on the live chart above. SHARDS, on the other hand, is a utility token of the SolChicks ecosystem. You can earn them as a reward by winning battles and completing missions. Additionally, you can purchase them from exchanges. SolChick price may vary depending on various market factors.
Both CHICKS and SHARDS have great value individually. However, you may need to use them at the same time to access certain features such as breeding new SolChick, upgrading equipment, and buying items.
Who Founded SolChicks?
William Wu is the founder and CEO of SolChicks. Previously, he was a Vice President at Oaktree Capital Management, one of the largest private equity firms in the world. Before Oaktree, William worked at McKinsey & Company, the premier management consultancy and trusted advisor to some of the most successful corporations and governments globally.
The project is supported by a highly diverse and passionate team of more than 100 members. Team members include a management team from leading business prestigious institutions such as Wharton and McKinsey & Company and a world-class game development team that has worked on timeless classic game titles such as PUBG, Tera, MapleStory, and Dungeon. The project is also backed by more than 400 private investors such as Fundamental Labs, Master Ventures, and KuCoin Labs.
Tokenomics of CHICKS
SolChicks crypto project has a total supply of 10 billion CHICKS tokens. The maximum supply mechanism prevents undesirable inflation, which may affect the CHICKS price. The token distribution is as follows:
- Ecosystem Rewards – 37.7%;
- Team – 20%;
- Game Development – 15%;
- Private Seed – 10%;
- Exchange Liquidity – 5%;
- Treasury/Advisors & Marketing – 5%;
- Private Presale – 4.3%;
- Public Sale – 3%.
