🏆Rewards

Unfortunately, it’s 2024—a time when airdrop hunters and P2E have almost faded away.

Earlier, we briefly mentioned token incentives, smart tokens, missions, and achievements within our economic model.

🗝️Virtual Economy (In-World)🤝Missions & Achievements

Important: Due to current EU regulatory policies, traditional community marketing reward models have become challenging. Therefore, community rewards are classified as special NFT rewards and internal token rewards. Please keep this in mind.

In the past, many Web3 projects rewarded participants through “airdrops.” However, in 2024, the cryptocurrency landscape has undergone a major transformation: deep tech specialization, regulation, integration with traditional finance, and most importantly, the heavy involvement of venture capital. These changes have made it impossible for projects—or “startups”—to rely on ICOs or IDOs as a form of crowdfunding. CHIC is straightforward in saying: CHIC is a business startup, and participation in our project won’t make you rich.

That is, any tokens you receive, other than securitized tokens and NFTs, will be non-tradable.

We agree with Vitalik’s view: “Blockchain games need to be fun like games. A game’s quality should not be judged by tokens or ‘earnings,’ but by whether it’s ‘unprecedented.’” We also follow our General Counsel’s advice: focus not on tokenomics, but on the game itself.

Based on this premise, we care about whether this world is “new and exciting” for users. By not emphasizing P2E tokenomics, we are exploring an “unconventional autonomous world’s own virtual economy.” I believe this is exciting. However, much like designing a world economy, we expect this to evolve positively under financial compliance, government scrutiny, and Japan’s policy adjustments regarding game economies. CHIC will engage in deeper discussions with Japanese gaming companies, projects, and tokenomics experts on how to implement this.

Rather than short-term tokenomics that collapse quickly like P2E.

While we still believe that “incentivizing behavior” is essential, given the lack of international consensus on digital asset cross-border transfers and airdrop conditions, CHIC takes a relatively passive approach to “company airdrops.” However, since CHIC is a community-driven autonomous world project, the team encourages everyone to create their own NFTs to enhance their characters, even airdropping them to other members. As long as these “participant NFTs” don’t constitute “digital assets,” these airdrops can enhance community engagement.

The era of getting rich overnight is not coming back. We are now in an era of a healthy industry. Let’s be excited about new games being cutting-edge!