CHAMP Issuances

Distribution Models & Token Supply

CHAMP Supply

CHAMP token will have a one time mint of 1,000 tokens. 100% of tokens will be locked in a smart contract for distribution.

Token Distribution

Tokens distribution will be handled by smart contract. The distribution contract will function by staking CTZN, the governance token, to release the rewards token for staking. Due to the fact that 100% of CTZN would need to be staked to release all CHAMP it's unlikely that all CHAMP will ever be out of the contract.

CHAMP will have only 2 decimal places. In this way the smallest amount of CHAMP for which can be staked is 0.01 CHAMP, which will require 10 CTZN.

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