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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).

Coin Contract Addresses

7rx8j3xEbQSrJUdrp3x3VxUT6qGPM1KQR6d4UuW8tdwU

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