### What is CheersLand (CHEERS)?

CheersLand (CHEERS) is a scalable GameFi metaverse aggregator built on the Binance Smart Chain (BSC). It aims to provide a platform where users can monetise their gaming experiences and social interactions. The CHEERS token serves as the native utility token of the ecosystem, enabling transactions, governance, and rewards.

### How does CheersLand (CHEERS) work?

CheersLand leverages the Binance Smart Chain, operating as a BEP-20 token and inheriting BSC’s Proof of Staked Authority (PoSA) consensus mechanism. Its ecosystem incorporates key features:

- **Multi-Asset Staking Platform:** Users can stake CHEERS and other assets for rewards.
- **NFT Marketplace:** Allows trading of NFTs with resale royalties.
- **Build-to-Earn Model:** Encourages game developers to create and monetise games on the platform.
- **Blockchain Game Integration:** Connects multiple blockchain-based games under one ecosystem.

Smart contracts are utilised for staking, NFT operations, governance, and token transfers.

### What are the potential use cases for CheersLand (CHEERS)?

CheersLand supports a range of applications, including:

- **Staking for rewards and farming multi-assets.**
- **Participating in governance decisions** within the ecosystem.
- **Trading and creating NFTs** through the CheersLand marketplace.
- **Incentivising game development** via the Build-to-Earn programme.
- **In-game currency** for blockchain-based games on the platform.

These use cases span industries such as GameFi, blockchain gaming, NFT marketplaces, decentralised finance (DeFi), and metaverse development.

### What is the history of CheersLand (CHEERS)?

CheersLand was created as a GameFi metaverse aggregator, though details about its founding team are not available. 

**Significant milestones include:**

- **Launch of the CheersLand platform.**
- **Introduction of the multi-asset staking platform.**
- **Development of the NFT marketplace.**
- **Implementation of the Build-to-Earn model for game developers.**

**Major updates:**

- Plans to launch the CheersLand API in early 2022.
- Establishment of the Community Vault in late 2021.

The project has a total supply cap of 100,000,000 CHEERS, with token distribution planned over 64 months from the public sale. It aims to evolve into a community-owned decentralised organisation (DAO).


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