Chubby Token ($CHU) is an ERC-20 token used to perform the main actions within the Chubby Five.
Additionally, the $CHU holders will be able to participate in key governance votes, such as the development roadmap and how much funds from the DAO the developers can use each month.
To create a sustainable metaverse which allows a long term users adoption, we have decided to implement a Token Bonding Curve (TBC) that has control over the token supply, and continuously mints and burns tokens alongside a mathematical function.
Initially, a supply of 240M $CHU will be minted with the purpose of financing the early development & expansion of the game, and rewarding the initial batch of users & the team. 8,9 M out of the 240M will be presold to add liquidity to the TBC and the DAO. After this presale we will open the bonding curve for trading.