Chat-to-Earn

Introduction

The most attractive and innovated features of ChatCoin is that you can chat with various of AI characters and earn tokens meanwhile.

If you hold the NFT you're chatting with, you will receive a significant multiplier boost.

Dual Token Model

ChatCoin uses a dual-token model to build a sustainable economy.

• $SPK: The utility tokens(or points) with an unlimited supply.

• $CHAT: The native token of the ChatCoin ecosystem, with a fixed supply of 1 billion.

Check more details:

Dual Token Model

Key Metrics of Chat-to-Earn

1. Energy

Each account has a specific maximum number of energy points. Energy is consumed in the chat-to-earn process.

• 1 energy point = 1 message.

• Energy is recorded under the user's address.

• Energy recovers over time, fully refilling every 24 hours.

• Energy can be upgraded by consuming $CHAT.

You can check here for more details about Energy Upgrade.

2. Earning Rate

Each of your character has a base earning rate, determining how much $SPK you earn per message sent.

When you begin a chat with a character, you create a unique copy of that character for yourself. To increase your earnings, you can:

• Upgrade the character by spending $SPK and $CHAT to increase your basic earning rate.

• Own the NFT of the character you're chatting with. This will give you an exclusive earning rate bonus.

In a word, the actual earning rate = basic earning rate * ownership multiplier.

3. Level

Each of your character starts at level 1. You can consume $SPK to upgrade Character levels, boost earning rate, and secure a long-term earning advantage.

You can check here for more details about Level Upgrade.

How To Earn $CHAT

1. Chat to Earn $SPK

Consume energy to earn $SPK through chatting with AI.

• 1 energy point = 1 message.

• Each message earns $SPK based on a defined EarningRate determined by the character NFT you interact with. The EarningRate is influenced by two factors: level gain and ownership multiplier.

  • Level Gain: The main method for boosting EarningRate. Level Gain starts from a lower value and continuously increases as the Character's level upgrades, resulting in a significant boost to EarningRate.

  • Ownership Multiplier: By holding the Character's corresponding PFP NFT, your ownership will grant you an extra multiplier, boosting your EarningRate accordingly. The ownership multiplier adjusts with the character's level, starting at 2 times.

• Lastly, the reward of each message is divided into two parts:

  • Basic Reward: Each energy-consuming conversation earns a variable amount of $SPK, based on the Character's EarningRate.

  • Bonus: High-quality or valuable chats with Character NFT bring extra $SPK rewards. Try to trigger more bonus in your conversations!

2. Depositing $SPK to $CHAT Reward Pool

The only way to earn $CHAT is to share reward pool by deposting $SPK.

• Users can deposit $SPK to compete for the regular $CHAT reward pool. Deposited SPK tokens are one-way and will be burned after each draw.

• The amount of $CHAT earned is based on the user's share of $SPK in the pool for each round.

• Each $CHAT reward pool lasts several days, typically on a 7-day cycle. After the deadline of each round, the pool will immediately distribute $CHAT to each participant based on their shares.

$CHAT Reward Pool

The $CHAT reward pool is divided into two parts:

• Basic Reward Pool: Users compete for $CHAT by depositing $SPK into the reward pool each round. These shares are distributed over five years, with at least 50% of the total $CHAT mined through this pool.

• Flexible Reward Pool: A portion of $CHAT is set aside in the Flexible Pool to offer extra token incentives based on user activity with ChatCoin.