We’re ecstatic to present Chair Finance, the world’s first decentralized NFT trading platform for rights and benefits. To monetize the economic value of rights and benefits, the decentralized Chair platform tokenizes them into NFTs. For better liquidity and greater economic gain, Chair platform offers one-stop services such as NFT minting, trading, and auctioning. On October 19th, 2021, the Chair Finance IDO will take place. TAP the B-Stake button to start the whitelisting process and scroll down for additional information.
How to join Chair Finance IDO
I. Getting Whitelisted
- Follow @Chair_Finance & @BSClaunchorg on Twitter, and join the Chair Finance & BSClaunch Telegram community / Telegram Channel ( you can find useful link in the project information section at the end of the article).
- Retweet this activity on twitter and @ 3 friends on our post.
- Users are required to stake an amount of tokens equivalent to the corresponding tier in B-Stake or participated in B-Farm in order to get whitelisted.
- Fill in this FORM.
- Being whitelisted does not guarantee that you will get the allocation, you must participate on the BSClaunch platform and purchase tokens before they are sold out (FCFS — first come, first serve).
Public-Sale Details
- Token: $BNCH
- Token type: BEP-20
- Accepted currency: BUSD
- Public Sale Price: TBA
- Total raise in Public Sale: TBA
- Public Sale Release Schedule: TBA
- Sale Type: FCFS (First come, first serve)
- Participants: $BSL Holder | Non-Holders | Farmers
- Staking $BSL is required
Whitelisting Details
- Whitelist opening: October 10th, 2021
- Whitelist closing: 14:30 UTC, October 17th, 2021
- No KYC required
IDO Timeline
- Start buying time: TBA
- End buying time: TBA
- Claiming time: TBA
- Listing time: TBA
II. Learn about our IDO participation mechanism
We want to bring the opportunity to participate in IDO to as many investors as possible. At the same time, we also appreciate strong BSL holders. To be able to participate in our IDO event perfectly, you must first make sure you understand all the terms and conditions of our IDO mechanism. Details at the following links:
💻 IDO Mechanism: https://bit.ly/3sSKzgf
🌾 Stake BSL & BNB for LP Tokens here: https://bit.ly/3zE2ycZ
🔎 How to connect your Metamask Wallet: https://bit.ly/3joGyx1
💰 How to join IDO on B-Launch: https://bit.ly/3kv0Io9
🚨 PLEASE NOTE: To be able to register for the whitelist, you must stake the number of $BSL tokens that corresponds to the whitelist Tier that you have registered for in order to receive a valid ticket. You will not be able to participate in the whitelist if you fail to stake $BSL.
STAKE YOUR $BSL HERE: https://app.bsclaunch.org/stake
Chair Finance platform introduction
I. Platform overview
CHAIR is the world’s first decentralized NFT trading platform for rights and benefits. On the CHAIR platform, users could tokenize any right or benefits in to NFT assets and sell or auction the NFT tokens on the CHAIR public marketplace. At present, the NFT asset category is highly homogeneous with nearly 99% of them represented by artworks. In the near future, more NFTs should arise from financial assets, digital identities or data related rights and benefits, etc. BNCH is the token for the construction and operation of the CHAIR platform.
- Behavioral rights NFT: Warren Buffett could mint an NFT token for his annual ‘Power Lunch;. The NFT can then be traded or actioned on CHAIR. The holder of this NFT wil have the right to lunch with Warren Buffett.
- Token rights NFT: Jack participated in the Telegram initial coin-offering. Jack can tokenize his locked position to sell or auction it. CHAIR allows users to release their locked profits in advance and increase the liquidity of their fixed assets.
- Investment interest NFT: The investment company discovers and invests in high-quality projects. The vestment company tokenizes the private placement quota for the projects. Buyers of the investment interest NFT wil obtain the private placement quota for the upcoming projects. Holders of the investment company’s NFT wil in effect become a limited partner of the investment company.
II. Platform principles
Rights and benefits are the most valuable assets in the future. By tokenizing rights and benefits into NFT and cash out the future profits with a decentralized method, the CHAIR platform provides one-stop NFT minting, trading, and aunction services to improve asset liquidity and economic efficiency. Key Opinion Leaders (KOLs), celebrities, and outstanding entrepreneurs can tokenize their right and benefits, which might represent assets suc as promotional services (e.g. 10 tweets per month), celebrity merch (e.g., signed books and posters), intellectual property (e.g.,albums). CHAIR platform utilizes the decentralized smart contract technology and DAO governance concept while combining the financing tools of NFT and DeFi to provide trade mining, auction mining, and transaction tax to improve liquidity for rights and benefits assets and improve the transparency for mining incomes so that all users can enjoy a low entry barrier as well as secure participation. Users can enjoy multiple benefits by holding NFT and participate in the circulation of NFT.
III. Architeture design
CHAIR platform supports the following features.
Mint NFT with future rights and benefits and rank them by time,
popularity, or numbers of votes.
Sell, auction, or transfer decentralized NFTs with limit price order or market
price order.
With DeFi providing more financing options, NFT holders will be able
to lock in stable incomes in advance
Provide NFT collateral loan, single-token mining?, dual-token liquidity
mining, and trade mining.
Users participate in trading and earn trade mining rewards.
Users participate in auction and receive auction dividend rewards.
NFT creators can define the royalty percentage and the taxing period.
NFT creators can share a portion of the NFT’s sale amounts from all
future transactions. The creator can also choose to waive their privilege of
royalties. NFT creators will need to pay fees for minting NFTs.
IV. Advantages
Prospects
NFT is rare, unique, and indivisible. These features made it the ideal
candidate as a digital anchor of value for goods and commodities in the
real world. NFT offers a brand new and unique way of producing value
for the digitization of physical objects on the blockchain. NFT has a huge
business application potential.
Monetize KOL influence
The rights and benefits NFT platform CHAIR encourages users to
tokenize their rights and benefits into NFT assets so as to quickly extract
the economic value of their personal influence. Any user can mint their
own personalized NFT as long as they are interested in monetizing their
personal influence.
For example, Jason is a photography KOL with 1 million followers. He
wants to cash in on his internet influence intangible rights and benefits),
however, Jason was deterred by the time investment, complex procedures,
and risks.
Nevertheless, Jason can easily cash in on his internet influence with the
help from the CHAIR platform. Jason can mint 100 NFT cards with an
initial price starting at 1 ETH. The NFT cardholders (Jason’s fans) can
enjoy the rights and benefits assigned to the card, such as a signed copy
of Jason’s photography, or a dinner with Jason, etc. What’s more surprising
is that Jason can also obtain a continuous stream of cash income from
subsequent transactions of the NFT cards, because Jason is entitled to a
certain percentage of royalties from creating the NFTs. With minimum
effort, Jason can easily tokenize his rights and benefits into NFTs and
monetize his influence.
Multiple ways to participaate in CHAIR
The CHAIR.Finance platform serves any individual, organization, or
enterprise that wishes to tokenize their rights and benefits into NFT for
trade or auction so as to monetize their intangible assets. CHAIR.Finance
has a wide customer base, low entry barrier, and multiple participation
options. The CHAIR.Finance platform serves any individual, organization
or enterprise that wishes to tokenize their rights and benefits into NFT
for trade or auction so as to monetize their intangible assets. CHAIR.
Finance has a wide customer base, low entry barrier, and multiple
participation options.
A. Participate in NFT minting: KOL can mint NFT on the CHAIR
platform. The NFT creator can receive continuous royalties rewards;
B. Participate in NFT tradings: KOL’s fans can trade NFT on the CHAIR
platform. NFT liquidity providers will receive platform rewards. NFT
holders can also speculate on future price increases and resell the NFT
at a higher price to earn the price premium.
C. Participate in NFT auctions: Unsuccessful bidders will receive an
auction dividend. Successful bidders will receive the platform rewards.
D. Participate in NFT mining: Users can participate in liquidity mining,
PoW mining and single-token locked position mining to earn platform
mining rewards.
E. More products: BYP (Build Your Planet) program is estimated to be
launched in CHAIR 3.0 in September, 2021. Additional details on BYP
will be provided as the program nears completion.
High circulation value and valuation
NFT builds a bridge between the physical world and the blockchain,
it is a ground-breaking innovation. Unlike the existing NFT platforms
serving only the niche markets, the CHAIR platform thrives on a large
number of KOL users to help KOLs monetize their influences and
attracting more fans. CHAIR’s model is creating a positive cycle to achieve
a multi-win situation for every user and the platform, CHAIR can facilitate
NFT’s viral spread. A revolution for the KOL fan economy is on the
horizon, this will definitely push the project valuation to its new height.
Early participants are most likely to earn high dividends.
NFT 2.0
The NFT 1.0 era is represented by arts and games. However, in the future,
arts and games will only account for a small portion of the massive NFT
application market. The coming large-scale commercialization of NFT
will definitely reach all industries and all user groups. The wide adoption
of NFT will mark the beginning of a new era for blockchain to become
a universal technology, we call this stage NFT 2.0. As the world’s first
decentralized exchange for rights and benefits NFT, the CHAIR platform
has made the first step towards NFT2.0.
V. CHAIR platform token BNCH
Token distribution
As the platform token of CHAIR, BNCH serves as the platform
credentials on CHAIR.BNCH token represents users’ rights and benefits
on the CHAIR platform. BNCH holders are entitled to in-depth particip-
ation in the governance and future development of the CHAIR platform.
BNCH can also be used toward the purchase of goods and services
on the CHAIR platform. All BNCH holders are entitled to share the
revenue generated from CHAIR’s development.
Total token quantity: 70 million BNCH
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 Rights & Benefits NFTs for sale:
1. Total sale amount is 1.4 million tokens, accounting for 2% of the total
BNCH amount.Each NFT represents the corresponding tokenized rights
and benefits proportional to the USDT amount paid. These 1.4 million
BNCH tokens are to be released evenly over 8 quarters.
2. Priority for airdrops
3. Priority for participation in platform governance, development and
operation
The second batch of Rights & Benefits NFTs for sale:
1. Total sale amount is 2.1 million tokens, accounting for 3% of the total
BNCH amount.Each NFT represents the corresponding tokenized
rights and benefits proportional to the USDT amount paid. These 2.1
million BNCH tokens are to be released evenly over 8 quarters.
2. Priority for airdrops
3. Priority for participation in platform governance, development and
operation.
The third batch of Rights & Benefits NFTs for sale:
1. Total sale amount is 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.
2. Priority for airdrops
3. Priority for participation in platform governance, development and
operation.
For the developer: 10%. To be released evenly over 14 quarters
Mining: 50%
Ecosystem construction: 15%
Future development, risk reserves, compliance/regulatory costs: 12%
VI. PROJECT ROADMAP
About Chair Finance / Chair Finance Socials
CHAIR is the world’s first decentralized NFT trading platform for rights and benefits. On the CHAIR platform, users could tokenize any right or benefits in to NFT assets and sell or auction the NFT tokens on the CHAIR public marketplace. At present, the NFT asset category is highly homogeneous with nearly 99% of them represented by artworks.
Website | Twitter | Telegram Chat | Medium | Youtube | Github | Instagram
About BSClaunch / BSClaunch Socials
BSClaunch is a smart investment platform based on Binance Smart Chain, enabling projects to raise capital in a decentralized environment, and the community to invest with safety, freedom, and equal opportunity. BSClaunch isn’t just another launchpad, we are an ecosystem launcher that provides a full suite of DeFi solutions.
With BSCLaunch, we will not just offer a very safe and well-supported all-in-one Launchpad for one product fundraises but multi-product projects! It also opens the possibilities of complementary but separate projects to bundle themselves and launch together.
Website | Twitter | Telegram Channel | Telegram Chat | Documentation
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